SF Sales Tax Numbers Up
October 31, 2011, 10:07 PM
SIOUX FALLS, SD -
Why tout stability, when you can point to signs of growth? That's the message from city finance director Tracy Turbak to the Sioux Falls City Council Monday night. Tracy Turbak says building permits and sales tax revenues are up in Sioux Falls.
"The city's in really good shape and this only helps bolster that," Turbak said.
According to Turbak, September sales tax numbers were up year-to-date for the sixth month in a row. Sioux Falls ended the third quarter up 4.6 percent from a year ago.
"We don't get the downs the national economy does," Turbak said. "This is bearing that out."
Construction projects continued to climb too. Turbak says new building permits rose about 3.6 percent. The number includes both residential and commercial properties, but Turbak says the strong number is driven partly by the growth of multi-family residences.
"For the current year's budget we projected no increase in revenues. Obviously we're seeing an increase today and we have throughout the year," Turbak said.
That means more money could be left at the end of the year. The city based its budget on no sales growth this year. It only accounted for three percent growth next year.
Another economic plus, according to the city's numbers, is a lower unemployment rate. The August rate ended at 4.5 percent. That's half of the national rate of just over nine percent.
© 2011 KELOLAND TV. All Rights Reserved.
12/4/2013 6:00 PM
Two Watertown High School students are expected to appear in court in Sioux Falls Thursday for murdering 20-year-old Jordan LeBeau on Monday.
12/5/2013 11:55 AM
A northwest Iowa day care provider has been charged with first-degree murder in the death of a three-year-old girl she was watching in late October.
12/4/2013 9:55 AM
Robbery was the motive behind a crime in Sioux Falls that ended with one man dead and another hurt.
12/6/2013 7:22 PM
Leroy Harold ‘Bud’ Anderson, 75, was last seen at 3:30 p.m. Fareway Foods on W. 41st Street in Sioux Falls. Anderson is driving a 2008 gra...
12/7/2013 1:12 PM
Leroy Harold ‘Bud’ Anderson has been located safe and sound in Stickney, SD.