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Resident alleges Rapid City shifted $19.4 million of TIF funds to Catalyst District
Summary
At the July 15 Legal and Finance Committee meeting, resident William Wagoner accused the city of using CIP dollars and shifting $19,400,000 to the Catalyst District tied to the East Anamosa TIF and called the action a violation of officials' oath; the committee did not provide a substantive response during the meeting.
During general public comment at the Legal and Finance Committee meeting on July 15, William Wagoner said he had witnessed the city acting contrary to its legal duties and alleged specific financial moves tied to the East Anamosa Tax Increment Financing (TIF) area.
Wagoner cited South Dakota codified law 9‑14‑5 and 1‑1‑24 in urging elected officials to act in good faith, and he claimed the city had “shifted 19,400,000 to the Catalyst District,” used CIP funds to cover a deficit, and was effectively using public dollars to support a private corporate footprint he tied to “senate bill 135.” He asked for immediate transparency and said the public deserved the data on the record.
The chair thanked Wagoner for his comments; there was no extended committee response recorded in the transcript to address his allegations. The claims were presented as public comment and were not followed by a formal staff or council reply during this meeting.
