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City sales tax shows surge in September

Sioux Falls sales tax collections outpaced inflation in September, showing their biggest monthly increase since early this year.

Inflation eased somewhat in August, and city sales tax revenue stayed just slightly ahead of it.

For the first time since the city began tracking remote retailer sales, sales tax collection decreased year-over year.

Inflation hit 8.6 percent in May, the largest year-over-year increase since 1981, and the city’s budget is starting to feel it.

Sales tax isn’t increasing as much, but inflation improved a bit in April. This and more from the city’s monthly financial report.

Even factoring out historic inflation, Sioux Falls is experiencing double-digit percentage growth in sales tax revenue.

Sales tax in Sioux Falls is way up compared with last year — but also compared with before the pandemic.

Most industries in Sioux Falls continue to experience a big bump in sales, according to the most recent city sales tax report.

Sales and entertainment tax revenues are way up in Sioux Falls, but inflation is heading that way too.

There needs to be an asterisk next to these sales tax results – but they’re strong regardless.