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SD Ends Fiscal Year With Budget Surplus

SD Ends Fiscal Year With Budget Surplus

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PIERRE, S.D. (AP) — Gov. Dennis Daugaard says South Dakota wrapped up its third straight budget year with a surplus.

The state general fund budget on June 30 had $2.6 million more revenue than legislators predicted in March. And spending was $7.2 million less than expected. The net result was almost $10 million put into the state’s reserves.

Daugaard says in a statement that his top priority when he took office was a balanced budget — and that’s been met.

Susan Wismer is the Democratic nominee for governor and a member of the budget-setting Appropriations Committee. She told the Argus Leader the surplus was “great news” but that the Legislature could have made better predictions that might have freed up money for priorities such as education.

Independent governor candidate Mike Myers had no comment.

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