Closing Out Strong: Yankton Revenue Up Again In December, Saw Nearly 4% Growth For 2019
21 Jan 2020
Yankton City Manager Amy Leon says there’s typically a major growth goal for sales tax revenues, no matter what the budget says.
“I always think if we can get 3% at year end, that’s kind of the goal,” Leon told the Press & Dakotan.
With December’s numbers officially compiled, it turns out the City of Yankton blew past that goal, achieving nearly 4% in revenue growth for 2019.
Overall, the city took in a total of $10,637,414 in 2019 — good for 3.93% growth over 2018. December ended up being the second strongest month of the year, up 7.03% over the same month in 2018.
Leon said the strong finish was pleasing, owing it potentially to an extended construction season.
“December is sometimes a good month for us with the holiday shopping and things that go on,” she added. “We also still stayed strong in construction and projects that all play into the sales tax. I think it’s a combination of those things.”
Some ongoing projects include the fieldhouse and residence hall at Mount Marty College, a new Casey’s on Broadway Ave. and finishing work at the water treatment plant, which is wrapping up a three-year expansion project.
She added that the strong finish could be a sign of a smoother start to 2020.