Local

SD Receives $70 Million In Unexpected Money

SD Receives $70 Million In Unexpected Money

SIOUX FALLS, S.D. (AP) — South Dakota has a nice problem: Figuring out what to do with a $70 million windfall thanks to a big uptick in unclaimed property.

The extra money results from a couple of legal changes in handling unclaimed property, as well as the consolidation of two big banks in the state. The state had expected to get about $53 million this year, but it got $122 million.

That property includes things like insurance policies, rebates, and dormant bank accounts. Banks, businesses and others have to turn those over to the state when they can’t find the owner.

So one of the tasks for the governor and lawmakers when the legislative session starts in January will be how to spend $70 million.

Recent Headlines

15 mins ago in Local

Man Pleads Not Guilty To Shooting Tribal Officer

Fresh
courtroom

Linn Cross Dog III entered his plea on Wednesday.

16 mins ago in Local

Northern State To Name New President On Thursday

Fresh
SD sign

Three finalists were named last week.

17 mins ago in Local

Hail Hits Hughes County Wednesday Night

Fresh
hailstorm

The storm hit shortly before 6 PM.

3 hours ago in Local

Donald McDougal Charged With Using Meth

police 1

McDougal was acquitted of killing his wife last year.