SOUTH DAKOTA GOVERNOR KRISTI NOEM PRESENTED HER PROPOSED BUDGET TO STATE LAWMAKERS IN PIERRE TUESDAY AFTERNOON.
NOEM SAYS THE STATE IS PROJECTING TO HAVE $215.5 MILLION IN ONE-TIME DOLLARS FOR FISCAL YEAR 2022. AND AN ADDITIONAL $157.6 MILLION IN ONGOING GENERAL FUNDS.
SHE SAYS THE STATE IS ALSO RECEIVING MILLIONS IN AMERICAN RESCUE PLAN FEDERAL DOLLARS, WHICH SHE IS ACCEPTING BECAUSE OTHERWISE IT WOULD JUST GO ELSEWHERE:
SDBUDGET1 OC…OF THAT SPENDING. :26
NOEM ALSO IS PROPOSING A PAY INCREASE FOR THE STATE’S TEACHERS AND HEALTHCARE WORKERS, AS WELL AS STATE EMPLOYEES:
SDBUDGET2 OC……….HEALTH CARE PROVIDERS. :22
THE GOVERNOR IS ALSO PROPOSING USING SOME OF THOSE FEDERAL FUNDS TO EXPAND CHILD CARE IN THE STATE:
SDBUDGET3 OC………PROVIDE CARE. :21
IN FISCAL YEAR 2021, SOUTH DAKOTA’S GENERAL FUND REVENUES GREW BY 15.75%, OR APPROXIMATELY $275 MILLION.
THAT’S THREE YEARS’ WORTH OF AVERAGE REVENUE GROWTH IN ONE YEAR. AND THE GROWTH HAS NOT SLOWED.
NOEM SAYS IT’S THE STATE’S 133RD CONSECUTIVE YEAR WITH A BALANCED BUDGET.
SOUTH DAKOTA HAS NO PERSONAL INCOME TAX OR BUSINESS TAX, AND THE GOVERNOR SAYS AS SHE HAS PLEDGED, THERE WILL BE NO TAX INCREASES THIS YEAR.
