User uShare 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.

53° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



Share your Photos, Videos, and Stories on uShare! Click here to get started. | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!


SD Seeing Positive Sales Tax Revenue

June 4, 2010, 5:07 PM by Jon Wilson

SD Seeing Positive Sales Tax Revenue
SIOUX FALLS, SD - Despite a lingering recession and a $40 million budget shortfall, South Dakota's Lieutenant Governor says the local economy is actually improving. But are the signs as positive as some politicians would have you believe?

It was about midway through Thursday night's hour-long forum with the five GOP gubernatorial candidates when Lieutenant Governor Dennis Daugaard said South Dakota's economy is beginning to rebound.

"Just today, we received news that the sales tax revenue is up for the month of April reported May as compared to a year ago," Daugaard said.

According to the Department of Revenue, South Dakota showed a 1.67 percent increase in sales tax revenue in April 2010, and a 5.89 percent increase in May. Small gains, but fairly significant when you compare these figures to last year.

It has been nearly a year since the state collected a positive return on sales tax revenue. After plunging to a negative 8 percent in September, sales tax receipts have been slowly rising in the state, topping out at nearly six percent on the positive side of the ledger in May of 2010.

South Dakota isn't alone, though. The Department of Revenue says several other states are also seeing positive sales tax revenues after months of negative returns.

Previous Story

Next Story



You may also like

Helicopter Crash Near Parkston Under Investigation

10/5/2015 11:25 AM

Emergency crews responded to a helicopter crash near Parkston Monday morning. 

Full Story
Bosworth's Husband Facing Felony Charges

10/5/2015 10:50 AM

The husband of former GOP U.S. Senate Candidate Annette Bosworth now faces felony charges.

Full Story
Fishermen Find Body Of Sioux Falls Man In Oakwood Lake

10/6/2015 12:30 PM

The Brookings County Sheriff's Office says the body of 73-year-old Martin Jepson was found floating in the lake around 2:30 p.m. Monday.

Full Story
Huron Man Killed In Motorcycle-Semi Collision

10/3/2015 1:51 PM

A Huron man was killed in a crash on US Highway 14 Friday afternoon.

Full Story
Mitchell Superintendent Defends 'Second Job'

10/5/2015 10:02 PM

Our KELOLAND News investigation revealed some of the problems surrounding the multimillion dollar GEAR UP grant that caused the state to end its partn...

Full Story | Watch