Local

Governor Says State Has Budget Surplus

Governor Says State Has Budget Surplus

PIERRE, S.D. (AP) — Gov. Dennis Daugaard says South Dakota has finished the fiscal year with a $24 million budget surplus.

Daugaard says revenue exceeded estimates by $13.6 million. In addition, agencies spent $10.6 million less than appropriated.

South Dakota’s sales and use tax receipts are the largest revenue source. The receipts grew nearly 6 percent in the month of June. Collections from the sales and use tax accounted for 57 percent of general fund receipts in Fiscal Year 2013.

The $24.2 million was transferred to the Budget Reserve Fund, as required by law. The Budget Reserve Fund now has a balance of $95 million.

Daugaard says finishing Fiscal Year 2013 with a surplus increases the chance of finishing Fiscal Year 2014 with a balanced budget while properly funding critical areas.

Recent Headlines

in Local

Police Identify One Person In Rapid City Hockey Incident

police 1

Native American students were subjected to racial slurs at the game.

in Local

Measure Requiring School Safety Plans Passes Committee

school bus

The measure will go to the full Senate.

in Local

State House Passes Measure To React To Deadly Disease Outbreaks

hospital

The measure now goes to a Senate committee.

in Local

Police Looking Into Rapid City Hockey Game Incident

police 2

Several Native American students were subjected to racial slurs and had beer sprayed on them.