The City of Sioux Falls looks to be in great financial shape, according to the Argus Leader. A recent audit showed that Sioux Falls is sitting in a comfortable position, with a good reserve fund and a manageable amount of long-term debt. The city has budgeted conservatively in order to maintain a position of financial strength for tougher economic times. City leaders have even managed to decrease the city’s operating costs to levels lower than in 2004.
Leadership starts on the local level. Smart budgeting on the local level eliminates the need to ask more assistance from the state. Likewise, asking less of the state reduces the need for the state to ask the national government for assistance in tough times as well.
The leadership of Sioux Falls has done great work in maintaining the city’s financial strength…keep it up in the future!