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August 31, 2021

City Sales Tax Receipts Surpass $3 Million For June

City sales tax receipts for June totaled more than $3 million, just the second month in City history with more than $3 million in sales tax revenue. City sales tax receipts for June totaled more than $3 million, just the second month in City history with more than $3 million in sales tax revenue. (City File Photo/Darrell Shoemaker)

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 13th 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