Rapid City selling $22.7 million in bonds print
Wednesday, 16 January 2013 12:09
Wednesday was the final day for Rapid City residents to purchase special sales tax based revenue bonds. Tuesday, the city announced it was extending its local sale of $22.7 million dollars worth of bonds. The revenue will be used to pay for several utility and street improvement projects.

Rapid City finance officer Pauline Sumption says this provides an opportunity for residents to have more buy-in with the city.

Sumption says, "Mayor Kooiker, it was very important to him that we offer it to our citizens first and give them an opportunity to invest in their community."

Sumption says she should have a final tally on the number of bonds sold by tomorrow.

-Zach Nugent