February 07, 2022

City Sets Record For Annual Sales Tax Receipts



November receipts push annual total

into unchartered territory

with one month left to count

RAPID CITY, SD—Rapid City’s economy continues to set records

Rapid City’s sales tax receipts for November totaled a record $2.87 million, bringing the total of sales tax receipts in 2021 through November to $32.45 million.  With December’s total weeks away from release by the state, Rapid City’s 2021 total through 11 months shatters the yearly sales tax receipts record of $30.32 million set in 2020.

                The monthly sales report is on the agenda for acknowledgement at Wednesday’s City Legal and Finance Committee meeting, scheduled for 12:30 p.m. in City Hall’s Council Chambers.

“We’ve seen incremental increases each month since May of 2020 and steady growth in our annual numbers in recent years,” said City Finance Director Pauline Sumption.  “November’s receipts put us over the top and when we receive December’s numbers in a few weeks, the level of annual growth for this past year will be unprecedented.”

The City’s total of $32.45 million in receipts through November is 19 percent higher than the total through 11 months of 2020 ($27.27 million).  November’s receipts of $2.87 million was the highest ever for the month of November, much higher than the $2.53 million in receipts recorded in November 2020.

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