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Slower Economic Growth Predicted

Slower Economic Growth Predicted

Photo: WNAX


While the State of South Dakota has seen very strong sales tax growth over the past two years, forecasts indicate that could slow over the next year.

Jeff Mehlhaff, Chief Fiscal Analyst with the Legislative Research Council, appeared before the Joint Committee on Appropriations this week…..

Mehlhaff says say he is still expecting some growth in sales taxes through 2024….

Mehlhaff says other revenue sources will show mixed results…..

The state has seen a twenty seven percent growth in sales tax revenues over the past two years.

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