Sheridan sees a spike in its revenues after a financial downturn - KOTA Territory News

Sheridan sees a spike in its revenues after a financial downturn

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 More money for the community and city employees as Sheridan County sees a spike in its revenues after a financial downturn.

The Sheridan City Council approved a two year budget for $11.2 million after receiving projections of increased revenues from sales and use taxes, building permit fees, and gasoline taxes.

This means that the city will have more money to focus on remodeling interchanges, interior street repairs, water loops and pathways.

The budget also includes a pay raise of 3 percent for Sheridan city employees. They haven’t had a pay increase since 2008, when the general economy of the country went into a recession.

City Clerk Scott Badley says that the employees saw the pay raise April 1.

“We think that’s a conservative amount, but you see the general increase in economic activity, travel and tourism is up so we feel pretty confident going forward that we can meet our budget estimates for revenue,” Badley said.

Sheridan County Chamber of Commerce CEO Dixie Johnson says that this shows a bright future for the Sheridan Community.

“The fact that we have forward thinking city council and staff and that they’re not trying to look too far out, they’re really focusing on the next two years knowing that there’s some real positives in our near future is really going to be beneficial to our entire community,” Johnson said.

Sheridan residents should start seeing a good level of improvement projects around the city starting this summer and again next year.

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Rapid City, SD 57701

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Fax: 605.342.7305

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