For the second consecutive month, Sioux Falls sales tax revenue is tracking behind last year.

Consumers seemed to be pulling back on spending to end the summer, according to the latest financial report from the city of Sioux Falls.

Sales tax revenue in Sioux Falls showed a slight rebound in August but not enough to meet the city’s budgeted increase.

City sales tax revenue is ahead of last year, but there are signs consumers might be pulling back on spending.

“It’s been kind of an interesting first start to the year.” Here’s how sales are trending in Sioux Falls to begin 2024.

Sioux Falls city government ended 2023 with a budget surplus, but slowing sales tax growth could pose a threat this year.

Sioux Falls sales tax revenue is back in “slight positive territory” but still not growing as fast as inflation.

People dining out and otherwise spending on experiences are helping keep the city’s sale tax revenue even with last year.

It’s not a big drop, but sales tax revenue is lagging behind the prior year in Sioux Falls for the first time since 2020.