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Posted: April 26, 2024
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF050124-04

Agenda Item Title:

Acknowledge February 2024 Sales Tax Report

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
05/01/2024
City Council Hearing Date:
05/06/2024
Staff Contact:
Daniel Ainslie
Location:
Council Chambers
Agenda Item Summary:
The attached charts include a summation of sales tax received for February 2024. The General 2% Sales Tax collected in February 2024 was 4.7% higher than collections in 2023. The General Fund Sales Tax collection trend is 0.2% higher than budgeted. The Tourism Sales Tax collected for February 2024 was 3.4% higher than collections in 2023.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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