News

SD Taxes Continue Downward Slide

SD Taxes Continue Downward Slide

Photo: WNAX


Members of the Executive Board of the South Dakota Legislature got an update today Tuesday on tax trends at their meeting in Pierre

Jeff Melhaff, a Fiscal Analyst with the Legislative Research Council told the board that the down sales tax trend is continuing…..

Melhaff says a cut in insurance taxes contributed to an overall drop…..

Melhaff says the actual tax dollars from February, collected in March were also down……https://soundcloud.com/wnax-radio/jeff-melhaff-418c

The legislature approved a budget last month that would spend just under one point six billion dollars in the general fund, which was a thirty million dollar cut from the Governor’s proposed budget.