Sales tax receipts for 2021 set a record, as did total December receipts. Additionally, February’s building permit assessment total set a record for the second month of the calendar year.
SALES TAX REPORT
DECEMBER SALES TAX RECEIPT SET
MONTHLY AND ANNUAL FILES
December’s total was the highest month ever;
2021 revenue 19% higher than 2020
RAPID CITY, SD—Rapid City’s sales tax revenue for December totaled a record $3.63 million, bringing total sales tax revenue in 2021 to more than $36 million, a 19% increase from in total sales tax revenue received during the previous record year of 2020.
The December sales tax revenue total was the fifth month in 2021 in which the City topped $3 million in monthly revenue and the sixth time in 13 months. The first time the city topped the $3 million monthly total was in December 2020.
“We were excited to see the December totals and with events like the Lakota Nation Invitational, the numbers didn’t disappoint,” said city finance director Pauline Sumption. “It’s been a great year for the local economy and it’s been reflected on many fronts, from increased tourist numbers to building permit assessments and overall spending in the community.”
The city’s total of $36.085 million was 19% higher than the 2020 sales tax revenue total of $30.321 million.
FEBRUARY BUILDING PERMIT REPORT
RECORD EXPERIENCES IN THE CITY IN FEBRUARY
FOR THE EVALUATION OF BUILDING PERMITS
Monument Health projects top the charts
RAPID CITY, SD—The city’s building services division issued 173 building permits last month for a total assessment of $46.25 million, a record total for assessment permits for the month of February.
The most valuable permit was issued to Monument Health Regional Hospital with MJ Harris Construction as the contractor for the Rehabilitation and Critical Care Hospital at 2115 Promise Road. The permit is valued at $24,655,300. Monument Health Regional Hospital, with Layton Construction, Inc. as its contractor, also received a $7,463,000 permit for the Phase 2 expansion of the facility’s surgery at 353 Blvd. Fairmont. Midcontinent Communications with Sunkota Construction Inc. as contractor received a permit worth $5,400,000 for interior construction modifications to the facility at 537 Century Road.
Last month’s record permit valuation total eclipsed the previous February mark of $31.68 million from February 2013.