April 02, 2024

(4/12/24 Update) Vision Fund 2025-2029: City Hosting Open House April 29

(APRIL 12)

CITY TO HOST OPEN HOUSE ON VISION FUND APRIL 29

RAPID CITY, SD—City officials will host a public open house regarding the next steps in the Vision Fund process.  The open house will be held Monday, April 29 from 5-6:30 p.m. in the Circle of Friends Community Room at City Hall.

         A variety of information will be shared and presented at the open house.  The event will include information tables and visual displays with City staff available to address questions and share information.  The public is invited to provide feedback.

          At the April 1 City Council meeting, Mayor Jason Salamun presented a proposal establishing a five-year Vision Fund budget cycle for 2025-2029 and dividing the Vision Fund resources over the five-year period into four distinct areas: community projects including citizen-recommended projects and development of a non-profit endowment to help non-profit capital projects; economic development; comprehensive plan priority projects such as parks/recreation projects, public safety training center and a new fleet maintenance facility; and formation of a strategic growth revolving fund for investment in proactive development in strategic areas.

         The next steps in the process rest with the City Council, which must first consider updating ordinances establishing the process of allocating Vision Funds.

          The origin of the City’s Vision Fund dates back to 1972 when Rapid City voters approved a sales tax increase to fund a new Civic Center facility. In 1995, voters supported continuing the sales tax with the ‘Vision Fund’ proceeds utilized for a series of significant projects that have enhanced the quality of life in the community.  A portion of the Vision Fund is earmarked towards bond payments on The Monument’s Summit Arena with the remainder utilized to fund community-based projects and uses.

(APRIL 5)

CITY OFFICIALS OUTLINE NEXT STEPS IN VISION FUND PROCESS

Public can access this week’s presentations on City YouTube and Facebook

RAPID CITY, SD—What’s next for the City’s Vision Fund?

            Mayor Jason Salamun briefed the Rapid City Council Monday night with a proposal to initiate Council consideration and discussion for the utilization of the City’s Vision Fund.  The next steps in the process rest with the City Council, which must first consider updating ordinances establishing the process of allocating Vision Funds.

           Ordinance revisions must receive two readings and approvals by the City Council.  The revisions will be presented at next Wednesday’s April 10 and May 1 Legal and Finance Committee meetings, followed by consideration and possible action at the April 15 and May 6 City Council sessions.  If the Council approves the revised ordinances, there is a 20-day period after publication of the revised ordinance before action can commence on planning and implementation of the Vision Fund plan approved by the Council.  Should the Council approve the process revisions included in the ordinance amendments, further discussion will occur on the proposed allocation plan.

          The proposal presented by Mayor Salamun at Monday’s City Council meeting would establish a five-year Vision Fund budget cycle for 2025-2029 and divide the Vision Fund resources over the five-year period into four distinct areas: community projects including citizen-recommended projects and development of a non-profit endowment to help non-profit capital projects; economic development; comprehensive plan priority projects such as parks/recreation projects, public safety training center and a new fleet maintenance facility; and formation of a strategic growth revolving fund for investment in proactive development in strategic areas.

           The origin of the City’s Vision Fund dates back to 1972 when Rapid City voters approved a sales tax increase to fund a new Civic Center facility. In 1995, voters supported continuing the sales tax with the ‘Vision Fund’ proceeds utilized for a series of significant projects that have enhanced the quality of life in the community.  A portion of the Vision Fund is earmarked towards bond payments on The Monument’s Summit Arena with the remainder utilized to fund community-based projects and uses.

          The public can visit City YouTube and City Facebook to view Mayor Salamun’s presentation to City Council and to local media this week.  The slide presentation is also available in the ‘Community Bookmark’ section on the City’s homepage.  For additional information about the City’s Vision Fund, go to the ‘Government’ tab on the City’s home page, click on ‘Boards, Commissions and Committees’ and visit the Vision Fund Citizen Committee page.

          The City’s Legal and Finance Committee meetings are held at 12:30 p.m. on the Wednesday prior to scheduled City Council meetings, which are held the first and third Mondays of each month at 6:30 p.m.  All sessions are held in Council Chambers of City Hall.

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(APRIL 2)

MAYOR SALAMUN PRESENTS VISION FUND PROPOSAL TO CITY COUNCIL

Mayor Jason Salamun shared a power point presentation on the City's Vision Fund with the Rapid City Council April 1.  The mayor's presentation reviewed the City's current sales tax structure; how the city's tax dollar is utilized; the origins, history and use of the Vision Fund dating back to the 1970s; and a proposal on prioritizing public projects and essential services in the next round of Vision Fund use for the period 2025-2029.

        The plan will divide the 5-year Vision Fund Budget into community projects including citizen-recommended projects and development of a non-profit endowment to help non-profit capital projects; economic development; comprehensive plan priority projects such as parks/recreation projects, public safety training center and a new fleet maintenance facility; and formation of a strategic growth revolving fund for investment in proactive development in strategic areas.

        There will be various opportunities for the Vision Fund plan to be reviewed, discussed and considered for possible approval in the next month: the April 10 Legal and Finance Committee meeting, the April 15 City Council meeting; May 1 Legal and Finance Committee meeting; and the May 6 City Council meeting.

       The public can attend the meetings and learn more about the Vision Fund and the proposed plan for 2025-2029 by checking out City YouTube and City Facebook for the April 1 Council meeting and an April 2 press conference featuring Mayor Salamun.  The mayor's slide presentation and other information is also available in the 'Community Bookmark' section of the City's home page. 

  

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