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.

39° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options



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


[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


Sioux Falls Experiencing Financial Prosperity

December 10, 2013, 5:54 PM by Jared Ransom

Sioux Falls Experiencing Financial Prosperity

The end of each year brings questions about how the City of Sioux Falls is fairing financially. Based on the November report, the City is flush with cash.

One of the biggest reasons behind the boost is Sioux Falls' building permit numbers.

"We've got one month left to go this year and we've already surpassed the best year on record, which was 2007 prior to the most recent recession," Director of Finance Tracy Turbak said.

The City has issued permits valued at $146 million more compared to 2012. That's an even bigger jump from what was issued in 2011.

"It's up over 100 percent from 2011, and that really wasn't a bad year. We saw a fair amount of activity in 2011, but we've more than doubled that through November of this year," Turbak said.

The amount of taxes collected from sales in Sioux Falls is also on a record pace.

"It's gone from about five-percent growth rate to now approaching eight-percent growth rate, so we've seen activity pick up considerably since this past spring," Turbak said.

Councilors did ask about spending on Black Friday, but Turbak says those numbers are never known until at least two months down the road.

"If you look back at some of the historical numbers in the report, you see January is quite often the biggest month of the year in terms of the amount of sales tax revenue," Turbak said.

The one major cost for the City was the tab for Operation Timber Strike at $8 million, but the City will see much of that reimbursed from FEMA.

Another high point from Tuesday's informational meeting is the number of people employed in Sioux Falls. Compared to last year, there are about 6,000 more people working right now in Sioux Falls.

Previous Story

Next Story


Find Local Businesses on KELO Pages!

View business

You may also like

National Pizza Franchise Coming To Sioux Falls

4/22/2014 4:24 PM

The South Dakota franchise owner of Marco's Pizza plans to open a third location in Sioux Falls at 5007 S. Louise Avenue, next to Noodles &am...

Full Story
It Looks Like A Credit Card, But It's Not

4/22/2014 10:01 PM

Small businesses often are short on cash or credit and in need of funding.  A California company is offering local businesses financing through t...

Full Story | Watch
Eric Church Concert Near-Sellout Within Minutes

4/18/2014 5:55 PM

The first ticket sale to an event at the new Denny Sanford PREMIER Center proved to be a boon at the box office Friday

Full Story | Watch
Redfield Drive-In To Stay Open

4/23/2014 6:00 PM

They continue to be a dying breed but not in Redfield. A family feared the local drive-in movie theatre would close and decided to take on the task of...

Full Story | Watch
City Of Worthington: Dilapidated Mall Is Due To Neglect From Ownership

4/21/2014 10:07 PM

The Northland Mall has been a mainstay in the Worthington community for over 35 years. The dilapidated shopping center has a leaky roof, which could l...

Full Story | Watch


KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED