City Sales Tax Receipts Surpass $3 Million For June

SALES TAX RECEIPTS SURPASS

$3 MILLION FOR JUNE

**Mark achieved for only second time

in City’s history;

**January to June total far exceeds

previous mark

RAPID CITY, SD—For only the second time in the City’s history, Rapid City surpassed the $3 million mark in sales tax revenue for a month.  In June, the City collected more than $3.37 million in sales taxes.  It is the 13^th consecutive month sales tax receipts have eclipsed the mark of the same month from the previous year.

The only other month the City received more than $3 million in sales tax receipts was last December, ($3.04 million).  June’s total is an increase of more than $600,000 from the previous June record, set last year ($2.77 million).

“The numbers have remained consistently solid with an upward swing for more than a year,” said City Finance Officer Pauline Sumption. “We expected a remarkable increase when compared to the early months of the COVID-19 restrictions, but to have this level of consistent record growth is outstanding.

“The big surprise is the overall increase for the first six months of this year compared to a similar period from the previous four years.  The level of increase in receipts is remarkable.”

Sales tax receipts for January to June total $16,778,070.  For the same six-month period from 2017 to 2020, the total increased marginally from $13,132,085 in 2017 (January to June) to $13,642,578 in 2020.  The total of receipts for the first six months of this year is nearly 23 percent higher than last year’s previous record total for the same six-month period.

JANUARY TO JUNE

SALES TAX RECEIPTS

(2017-2021)

2021: $16,778,070

2020: $13,642,578

2019: $13,567,104

2018: $13,285,969

2017: $13,132,085

JUNE SALES TAX RECEIPTS

(2017-2021)

2021: $3,372,250

2020: $2,775,200

2019: $2,606,432

2018: $2,680,408

2017: $2,622,814