Posted: March 21, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF040225-01

Agenda Item Title:

Acknowledge the January 2025 Sales Tax Report

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
04/02/2025
City Council Hearing Date:
04/07/2025
Petitioner:
Finance Office
Staff Contact:
Finance Director, Daniel Ainslie
Location:
Council Chambers
Agenda Item Summary:
The attached charts include a summation of sales tax received for January 2025. The General 2% Sales Tax collected in January 2025 was 2.1% higher than collections in 2024. The General Fund Sales Tax collection trend is 0.6% lower than budgeted. The Tourism Sales Tax collected for January 2025 was 2.2% lower than collections in 2024.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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