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SD Ends Fiscal Year with a Big Surplus

SD Ends Fiscal Year with a Big Surplus

Photo: WNAX


South Dakota wrapped up the fiscal year with a surplus of almost eighty-six million dollars. State revenues were up sixty-two million dollars, and about twenty-four million dollars that was budgeted was not spent.

Senator Jean Hunhoff of Yankton, Co-Chair of the Joint Committee on Appropriations, says the results reflects the past year…

Hunhoff says taxable sales were much better than expected..

Hunhoff says legislators are setting budget estimates with the best information they have at the time…

The eighty-six million dollars has been rolled into a special reserve fund as the overall general budget reserve is at its legal maximum.

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