City Sets Records for Annual Sales Tax Receipts; February Building Permit Valuation

Sales tax receipts for 2021 set a record as did December's receipts total.  In addition, February's building permit valuation total set a record for the second month of the calendar year.

SALES TAX REPORT

DECEMBER SALES TAX RECEIPTS SET

MONTHLY AND ANNUAL RECORDS

December total was highest month ever;

2021 receipts 19 percent higher than 2020

RAPID CITY, SD—Rapid City’s sales tax receipts for December totaled a record $3.63 million, bringing the total of sales tax receipts in 2021 to more than $36 million, a 19 percent increase over the total sales tax receipts received during the previous record year of 2020.

December’s total of sales tax receipts was the fifth month in 2021 in which the City surpassed $3 million in monthly receipts and the sixth time in 13 months.  The first time the City ever surpassed the $3 million monthly total was in December 2020.

“We were eager to see the December totals and with events like the Lakota Nation Invitational, the numbers didn’t disappoint,” said City Finance Director Pauline Sumption.  “It was a great year for the local economy and that was reflected on many fronts, from increases in tourism numbers to building permit valuation and overall spending in the community.”

The City’s total of $36.085 million was 19 percent higher than the sales tax receipts total from 2020 of $30.321 million.

FEBRUARY BUILDING PERMIT REPORT

CITY EXPERIENCES RECORD FEBRUARY

FOR BUILDING PERMIT VALUATION

Monument Health projects top listings

RAPID CITY, SD—The City’s Building Services Division issued 173 building permits last month for a valuation total of $46.25 million, a record valuation permit total for the month of February.

            The top-valued permit was issued to Monument Health Regional Hospital with MJ Harris Construction as contractor for the Rehab and Critical Care Hospital facility at 2115 Promise Road.  The permit is valued at $24,655,300.  Monument Health Regional Hospital with Layton Construction, Inc. as contractor was also issued a permit valued at $7,463,000 for the phase two surgery expansion at the facility at 353 Fairmont Boulevard.  Midcontinent Communications with Sunkota Construction Inc. as contractor was issued a permit valued at $5,400,000 for interior build out alterations to the facility at 537 Century Road.

            Last month’s record permit valuation total eclipsed the previous top February mark of $31.68 million from February 2013.