Rapid City sees increase in tax revenue through 11 months of 2020
When the COVID-19 pandemic hit the Black Hills last year the city planned for a down year in sales tax revenue. With some predictions of being down as much as 10%.
RAPID CITY, S.D. (KOTA) - When the COVID-19 pandemic hit the Black Hills last year, the city planned a down year in sales tax revenue. With some predictions of being down as much as 10%.
Instead, the city saw a 3.08% increase in sales tax through November and increased monthly sales tax in 8 of the 11 recorded months. Numbers for December have not been released yet.
Rapid City Mayor Steve Allender said that early on, the city kept budget projections low, anticipating an oncoming drop in revenue.
“So now that we are through 2020 and those books are being reconciled, that leaves us with some surplus cash that now we will need to choose how to invest and what to do with it specifically,” Mayor Steve Allender, Mayor of Rapid City, says
Allender said he is also cautiously optimistic going into 2021 to have a similar scenario with the economy.
Community spread of COVID-19 was also discussed at the press conference. Allender said if active cases drop below 400 in the county, the city could move to mask recommend instead of a mask required in city buildings and hope to open city pools this summer.
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