COVID 19-Municipal Budget Prep

While local officials are cautiously optimistic about sales tax revenue so far this year, the COVID 19 pandemic will impact municipal planning as the budget process ramps up in mid-June.

City Manager Amy Leon says through April, Yankton’s sales tax numbers were a mixture of positive and negative with revenues for  the municipal triple-B fund showing a decline of nearly twenty percent.

Leon says with many businesses closed and people remaining at home due to COVID 19 precautions, the decline in triple-B numbers was not a surprise.

Leon says relying on sales tax makes projecting revenues to cover the city’s expenses more difficult.

City staff is proposing that the dates for the municipal budget workshop be set for June 15th and 16th.