Rapid City's sales tax revenue is coming in under expectations. A Rapid City Journal article reported that the city's budget is created with a projected increase in two percent over the previous year's sales tax revenue. Right now, the growth is only 1.46 percent; Finance Officer Pauline Sumption reported that at this amount, the budget shortfall would only be about $70,000. In past years, the increase has been over three percent.
Past stories related to taxes are linked in the Black Hills Knowledge Network's online news archive.
To read about statewide sales tax revenue, visit the Black Hills Knowledge Network's sister site, the South Dakota Dashboard.