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

Barn Burns Down Near Mount Vernon

fire truck

A controlled burn went out of control on Tuesday.

in Local

Stickney And Corsica School Districts To Consolidate

school bus

An election was held on Tuesday.

in Local

State Was Investigating Benda At Time Of His Death

Marty Jackley

Attorney General Marty Jackley addressed a SD legislative committee on Tuesday morning.

in Local

VanderPol Dragline Wins VFW Demolition Bid

demolition

The demolition is expected to start on Monday.