Push for downtown Sioux Falls tax hike hits snag
Council delays action after business opposition
Sioux Falls Councilors hit the pause button Tuesday night on a proposed tax increase for downtown properties that had been cruising toward passage.
Since August, Downtown Sioux Falls, Inc. has been pushing for an ordinance change that would lift a decades-old cap on the amount of revenue it can collect on properties within the boundaries of what’s known as the Main Street Business Improvement District (BID).
And until this week, the proposal has faced little resistance, earning approval from a board of downtown stakeholders and sailing through a first reading in front of the City Council in November.
NEWS: Downtown group says decades old tax cap holding it back