SIOUX FALLS, S.D. (MITCHELLNOW) The Sioux Falls City Council is on the home stretch of budget work for 2026. But their concerns go further into the future than next year. Newly passed property tax limits will mean ten million dollars in budget cuts over the next decade. And, Finance Director Shawn Pritchett says the legislature’s property tax task force is considering even deeper cuts. The legislature has control over property tax limits, even though state government doesn’t receive funds from property taxes. Property tax revenues are used to fund schools and local government operations. For more Government stories from MitchellNow.com, Click Here.
Sioux Falls Faces $10 Million in Future Cuts Under Property Tax Restrictions
The Sioux Falls City Council is wrapping up work on the 2026 budget, but officials warn new property tax limits will force $10 million in cuts over the next decade. Finance Director Shawn Pritchett says the legislature’s property tax task force is weighing even deeper restrictions, raising concerns for the city’s long-term finances.
