Here we go lots of Winning and Growing in Sioux Falls in 2017, but we still haven’t received an end of year financial report. Yesterday during the council meeting, Financial Director Tracy Turbak said that while he has the numbers he won’t be releasing the report until the end of March, maybe.
But hey, who is concerned if our sales tax revenue is flat when we have all these big wins;
â€œThe City of Sioux Falls accomplished so much on behalf of its citizens in 2017,â€ says Mayor Mike Huether. â€œThese achievements should not be overlooked but celebrated, even as we move into 2018 and continue to capture more wins for the people we serve.â€
I guess we will have to wait and see how he polishes that turd.
And while our sales tax revenue may be running flat, our population is growing;
The population of Sioux Falls now is estimated at 183,200, a growth of 4,700 people over the last year.
Population figures relate to housing units required, and housing units consume land area; therefore, the land area needed (and the infrastructure needed to serve this land area) is directly tied to the population figures within annual estimates and projections.
In other words, some of these numbers may be pulled out of their asses 🙂
But seriously, over the past 2-3 years, the major contributor to population growth in Sioux Falls has been baby making. But with a 3% population increase, you would think sales tax growth would be going along with that, but it is not.
I think our economy in Sioux Falls, especially for the middle and working class has been stagnant for a long time, and it is finally catching up with us, while the wages are not keeping pace.