Posted: January 26, 2024
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF013124-03

Agenda Item Title:

Acknowledge November 2023 Sales Tax Report

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
01/31/2024
City Council Hearing Date:
02/05/2024
Staff Contact:
Daniel Ainslie
Agenda Item Summary:
The attached charts include a summation of sales tax received through November of 2023. The General 2% Sales Tax collected for November 2023 was 1.63% higher than collections in 2022. For the first 11 months of 2023, 2% General Sales Tax collections was 1.96% higher than 2022. Total General 2% Sales Tax collections are 3.3% higher than budgeted. The Tourism Sales Tax collected for November 2023 was 8.9% higher than collections in 2022. For the first 11 months of 2023, the Tourism Sales Tax collection was 5.25% higher than 2022.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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