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Economic Impact of Municipalities in South Dakota

Explore the economic insights and trends of municipalities in South Dakota, including population, jobs, wages, taxes, spending categories, and urban vs rural impacts. Discover potential opportunities and challenges for future economic growth.

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Economic Impact of Municipalities in South Dakota

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  1. Economic Impact of Municipalitiesin South Dakota Jared McEntaffer, PhD Black Hills Knowledge Network

  2. Roadmap Economic Insights

  3. Economic Engines People Wages Jobs Economic Insights

  4. Population Trends • Nearly 70% of all South Dakotans live in cities • Rural South Dakota is falling behind Economic Insights

  5. Jobs 1 in 10 SD workers are employed by local governments An average of 300 new jobs created each year Almost 48,000 jobs in 2018 Economic Insights

  6. Jobs Trend Annual Change in Local Government Employment Economic Insights

  7. Wages Economic Insights

  8. Tax Trends Overview Sales Property Economic Insights

  9. Tax Overview Three-Legged Stool Property Tax + Sales Tax + Income Tax Economic Insights

  10. Tax Overview Two-Legged Stool Sales Tax Property Tax Property Tax + Sales Tax = Regressive & volatile tax base Economic Insights

  11. Property Tax Economic Insights

  12. Property Tax Who Pays Who Gets Paid 54% Urban Schools … $713 Million 29% Ag Counties … $344 Million 17% Rural Cities … $165 Million Economic Insights

  13. Sales Tax 2018 Urban vs Rural $378 Million $279 Million in 2018 $243 Million in 2013 15% Growth 2013-18 $98 Million in 2018 $96 Million in 2013 2% Growth 1% AnnualGrowth Economic Insights

  14. Spending Categories Trends Economic Insights

  15. Spending Categories • Debt Service • Debt Service • Interest Expenses • Infrastructure • Airport • Capital Assets • Highways and Streets • Parking Facilities & Transit • Sanitation • Protective Inspection • Housing • Quality of Life • Libraries • Auditorium • Museums • Parks & Recreation • Humane Society • Cemeteries • Historical Preservation • Safety • Fire • Police • Economic Development • Development and Assistance • Economic Opportunity • Healthcare • Ambulance • Home Health • Hospitals & Nursing Homes • Mental Health Centers Economic Insights

  16. Spending Levels Economic Insights

  17. Spending Trends Economic Insights

  18. Urban vs Rural Economic Insights

  19. Take aways Future Opportunities Adoption Headwinds Economic Insights

  20. Headwinds & Opportunities Economic Insights

  21. Economic Impact of Municipalitiesin South Dakota Thank you. If you have questions please feel free to contact me via email or phone Jared McEntaffer, PhD Regional Economist Black Hills Knowledge Network jared@blackhillsknowledgenetwork.org (605) 716-0045

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