Governor Dennis Daugaard says South Dakota has ended the 2017 budget year with a surplus built on state spending reductions that offset lower-than-expected tax collections.
OC….very weak. :13
The state collected $7.6 million less in revenue than expected but also spent $15.6 million less than budgeted.
That left about $8 million for budget reserves.
OC………legislature appropriated. :20
That makes six straight year of surplus in the state.
Ongoing general fund receipts totaled more than $1.5 billion. South Dakota has roughly $165 million in reserves.
The 2017 budget year ended June 30th.
