Here's an interesting bit of news from Sioux Falls, South Dakota. The city needs to borrow money -- about $38 million -- to pay for levee repair and other flood control programs. But there's an initiative on the local ballot to cut sales taxes. What does one have to do with the other? The city's financial advisor says that the borrowing will be more expensive because bond investors, jittery over municipal finances around the country, could worry that Sioux Falls would have less revenue to pay off the bonds.
Join the Conversation
Please log in below through Disqus, Twitter or Facebook to participate in the conversation. Your email address, which is required for a Disqus account, will not be publicly displayed. If you sign in with Twitter or Facebook, you have the option of publishing your comments in those streams as well.