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Sioux Falls-Sales Tax

Sioux Falls-Sales Tax
Sioux Falls sales tax growth hits new low
The Associated Press - May 22, 2017

SIOUX FALLS, S.D. - Sioux Falls' sales tax growth has hit its lowest point since 2009.

The Sioux Falls Finance Office says sales tax revenue grew by 1.9 percent in April, continuing a yearlong trend of declining growth. The Argus Leader  reports that Sioux Falls finance director Tracy Turbak says the growth a year ago was at about 4.5 percent.

Trubak told the City Council last month that Sioux Falls could face a budget shortfall of about $1.2 million if the sales tax growth doesn't increase by the end of the year.

Mayor Mike Huether says the city is limiting overtime hours and out-of-state travel to help manage expenses.

Council Chairman Rex Rolfing says despite the slow tax growth, sales tax revenues collected are up $3 million through the first quarter of the year, compared with 2016.



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