“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.

Sales tax revenue isn’t growing as fast in Sioux Falls — but there are signs a lot more dining out is happening.

The city of Sioux Falls ended 2022 with a $5 million operating budget surplus, helped by a double-digit increase in sales tax revenue, and with a nearly $18 million fund balance in its capital improvement program.

Sales tax growth keeps outperforming inflation in Sioux Falls.