Rapid City sales tax revenue goes flat - KOTA Territory News

Rapid City sales tax revenue goes flat

Posted:

Jack Siebold, MyTown Editor

After three straight years of growth in sales tax revenue, it looks like Rapid City could be leveling out.

The city's sales tax receipt report for the first half of 2013 shows a growth of only 0.39 percent.  Last year at this time that growth was 8.76 percent.  In 2011, the year that the country began to recover from the Great Recession, Rapid City also experienced growth in revenue, 5.87 percent; and even before economic recovery (2010), the city had a growth rate of 1.29 percent.

Still, there is $40,884 more in city coffers now than the year before.  So far this year, the city has collected $10,630,609.

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518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

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