Home Local News SOUTH DAKOTA ENDS BUDGET YEAR WITH SURPLUS

SOUTH DAKOTA ENDS BUDGET YEAR WITH SURPLUS

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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.