User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


56° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

 

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Holiday Sales Tax Outlook

December 3, 2012, 6:04 PM by Sammi Bjelland

Holiday Sales Tax Outlook
SIOUX FALLS, SD -

The Christmas shopping season is in full swing. And the number of times people swipe their cards or hand over their hard earned cash, makes a big impact on our local economy.

"They do generate a lot of revenue. They're larger than the average month throughout the year, as you would expect. So we certainly hope to see that growth that we've been seeing throughout the year continue through the holiday shopping season," Sioux Falls City Finance Director Tracy Turbak said.

The sales tax is split up two ways. The first penny is used for general city services. This helps maintain departments like police and fire. It also helps pay for the up keep of things like streets, parks and libraries.

"It's a key fueling source for those day to day services that everyone in town expects the city to provide," Turbak said.

The second penny goes toward capital improvements; such as new construction the city will be working on in the future. Shoppers like Kim Jensen recognize the importance of supporting these projects.

"We need to support our local businesses, and keep them thriving. So that we have income into Sioux Falls to keep Sioux Falls striving," Jensen said.

Through October, sales tax numbers in Sioux Falls are up more than six percent this year. That's compared to only 2.8 percent increase in 2011.

Even though these numbers aren't quite up to pre-recession levels, they are still heading in the right direction for Turbak.

"In the past, prior to '08 and '09, we were seeing growth at higher rates than that. So, we're not back to those levels yet, but that's okay. That just reflects how fast the community is growing. We're seeing some very solid growth and I think the city's able to keep up with that pace of growth," Turbak said.

Turbak says the holiday shopping sales tax figures should be back for revue in January or February.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Big Box Competition Prompts 2 SD Stores To Close

10/1/2014 6:51 AM

Stores are closing in Pierre and Aberdeen as big box retailers move in, affecting more than two dozen workers.

Full Story
Latest SF Walmart Lawsuit Dismissed

9/30/2014 11:48 AM

A lawsuit filed by opponents of a south side Sioux Falls Walmart has been dismissed.

Full Story
Chicago Fire Rerouting Travelers In Sioux Falls

9/26/2014 11:25 AM

A fire in Chicago has grounded flights in Sioux Falls and across the country.

Full Story
Lawsuit Dismissal Rolls Back SF Walmart Road Blocks

9/30/2014 5:39 PM

A Sioux Falls judge has dismissed the latest lawsuit involving the south side Walmart.

Full Story | Watch
Realtors Talk Safety After Broker Murder

10/1/2014 10:00 PM

We spoke with area realtors to find out what can be done to stay safe when going out on a job solo.

Full Story | Watch


Events