Posted: April 25, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF043025-01

Agenda Item Title:

Acknowledge February 2025 Sales Tax Report

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
04/30/2025
City Council Hearing Date:
05/05/2025
Petitioner:
Finance Office
Staff Contact:
Daniel Ainslie, Finance Director
Location:
Council Chambers
Agenda Item Summary:
The attached charts include a summation of sales tax received for February 2025. The General 2% Sales Tax collected in February 2025 was 0.5% lower than collections in 2024. The General Fund Sales Tax collection trend is 1.7% lower than budgeted. The Tourism Sales Tax collected for February 2025 was 1.9% lower than collections in 2024.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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