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Downtown Business Improvement District Assessment

At a glance

  • What: Resolution 96-26 approving the 2026 special assessment roll for the Downtown Sioux Falls Business Improvement District.
  • Where it stands: Adopted September 1, 2026, 7-0.
  • Deadlines: The roll was filed with the City Finance Office on September 1, 2026. It may be paid without interest to the Finance Office within 30 days of filing; otherwise the single installment, with 6.25 percent interest, is due with general taxes at the County Treasurer's Office on January 1, 2027.

Details

The assessment is levied against the property in the district, becomes a lien on filing, is based on assessed valuations adjusted each year, and is collected under Plan One (collection by County Treasurer) as provided in SDCL 9-43. The dollar total of the roll is not in the minutes. During general public input, one speaker raised the amount of money spent on Downtown Sioux Falls and the need to invest in other neighborhoods; the minutes do not tie that remark to this item.

Moved by Spellerberg, seconded by Merkouris; roll call 7-0.

Sources

Log

2026-08-18 - City Council

Resolution 89-26 (Item 29), a resolution of intent to amend Chapter 37 (Taxation), Downtown Sioux Falls Business Improvement District subchapter, adopted 8-0 (moved by Spellerberg, seconded by Sigette). It proposes removing the BID assessment exemption for industrial property and the reduced assessment for multifamily property whose sole use is residential, within the district boundary. Background in the resolution: the district was established October 23, 1989 as the Main Street Business Improvement District and renamed January 16, 2023; the City found that funding projects fairly needs both special assessments and a lodging establishment occupation tax (SDCL 9-55-2). A public hearing was set for Wednesday, October 14, 2026, at 6 p.m. at Carnegie Town Hall, with notice published and mailed to each taxable property owner at least 30 days earlier. See also Taxation Code Amendment.

2026-09-01 - City Council

Resolution 96-26 adopted 7-0 (Item 39).