After strong start to year, sales tax moderates in March

April 19, 2021

Sales tax revenue is still growing in Sioux Falls – but not as much as it was at the start of the year.

March collections, which represent February sales, were up 3.3 percent year-over-year. That follows increases of 6.8 percent and 7.4 percent in the two months prior.

For the 12-month period, it’s down 0.8 percent.

Remote retailer sales continued their sharp increases, with February transaction rising 31 percent year-over-year. Sales at lumber, hardware and garden supply stores increased 27 percent.

After showing an increase in January transactions, eating establishments saw a slight year-over-year drop in February, down 1 percent.

Electric, gas and sanitary services fell 1 percent as well.

The entertainment tax in March was down 8.6 percent after being up 3.1 percent in February. For the 12-month period, it’s down 15.8 percent.

The report is unaudited, so numbers could still change.

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After strong start to year, sales tax moderates in March

Sales tax revenue is still growing in Sioux Falls – but not as much as it was at the start of the year.

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