GOVERNOR LARRY RHODEN SAYS SOUTH DAKOTA CLOSED THE STATE FISCAL YEAR 2025 BUDGET YEAR WITH AN OPERATING SURPLUS OF $63 MILLION.
THE SURPLUS INCLUDED $41 MILLION IN EXCESS REVENUES AND $22 MILLION IN SPENDING BELOW WHAT WAS BUDGETED.
SOUTH DAKOTA’S LARGEST REVENUE SOURCE, THE STATE SALES TAX, FINISHED THE YEAR $3.7 MILLION LOWER THAN RECENT ESTIMATES.
UNFORESEEN UNCLAIMED PROPERTY RECEIPTS WERE THE BIGGEST DRIVER OF EXCESS REVENUES.
THE STATE RECEIVED MORE THAN $47 MILLION IN UNEXPECTED UNCLAIMED PROPERTY RECEIPTS SINCE THE 2025 LEGISLATIVE SESSION.
BEGINNING IN FY-2026, SUCH WINDFALLS WILL BE DEDICATED TO A TRUST FUND VIA SB-155, WHICH GOVERNOR RHODEN SIGNED INTO LAW.
THE STATE’S RESERVE FUNDS NOW TOTAL $492 MILLION OR 19.9% OF THE FY-2026 BUDGET.
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