Posted: May 23, 2025
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF052825-03

Agenda Item Title:

Acknowledge First Quarter 2025 Sales Tax Report

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
05/28/2025
City Council Hearing Date:
06/02/2025
Petitioner:
Finance Office
Staff Contact:
Daniel Ainslie, Finance Director
Location:
Council Chambers
Agenda Item Summary:
The attached report and charts include a summation of sales tax received for March 2025. The General 2% Sales Tax collected in March 2025 was 9.4% higher than collections in 2024. The General Fund Sales Tax collection trend is 1.3% higher than budgeted. The Tourism Sales Tax collected for March 2025 was 4.26% higher than collections in 2024.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center

Recommendations:

Origination Recommendation Action:
Acknowledge

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