Why does the city think the Federal payback of levee money is for spending on whatever? (Press release, October 2):
The City Finance team continues to evaluate options for the nearly $10 million. The City Council will ultimately approve the allocation of how these funds will be utilized to best serve the citizens of Sioux Falls.
Utilized? Well I am no economic genius or accountant, but my guess is I would put the money in an investment or savings account until 2018 (when the bond can be paid off) and pay off the bond then. These credit card execs are not happy until they max us out.