CITY ISSUES SALES TAX
REPORT FOR AUGUST
RAPID CITY, SD—City sales tax receipts for August totaled more than $7.88 million, an increase over the total of $7.68 million reported for August 2022.
Through eight months, the City’s sales tax receipts total more than $55.52 million, a 2.52 percent increase over the total of $54.16 million reported for the first eight months of 2022.
Sales tax receipts have increased in comparison to the same month a year ago in seven of the eight months this year and have increased in 37 of 39 months since a three-month decrease experienced during the COVID restriction period (March-May 2020).
The August report is being shared with members of the City’s Legal and Finance Committee at today’s meeting. The meeting begins at 12:30 p.m. in the Circle of Friends Community Room of City Hall.
SALES TAX RECEIPTS/Through August
YEAR TOTAL (MILLIONS $) GROWTH IN PERCENT
2023 $55.52 2.52%
2022 $54.16 7.30%
2021 $50.47 22.44%
2020 $41.22 0.14%
2019 $41.16 2.53%
2018 $40.15 2.13%
LF110123-03 – Acknowledge August 2023 Sales Tax Report