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Rapid City Economy Surges in July | Rapid City News
Rapid City’s economy is on fire, with sales tax collections soaring 6.7% in July—matching June’s strong performance—and tourism up 6.2%, fueled by events like the Real America 250 Birthday Bash. The boost means more revenue for city services and helps ease property tax burdens. Finance Director Daniel Ainslie says growth is even stronger than forecasted, with key funds like the Capital Improvement Fund and Vision Fund hitting record highs. But rising costs for infrastructure and services create a tight balancing act. The Legal and Finance Committee will review these numbers this Wednesday to…
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