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Posted: April 05, 2024
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF041024-07

Agenda Item Title:

Acknowledge January 2024 Sales Tax Report

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
04/10/2024
City Council Hearing Date:
04/15/2024
Staff Contact:
Daniel Ainslie
Location:
Council Chambers
Agenda Item Summary:
The attached charts include a summation of sales tax received for January 2024. The General 2% Sales Tax collected in January 2024 was 3.8% higher than collections in 2023. The General Fund Sales Tax collection trend is 0.2% lower than budgeted. The Tourism Sales Tax collected for January 2024 was 2.5% lower than collections in 2023.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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