South Dakota’s avoided the worst of winter’s coldest weather, thus far, but the state’s revenue collection last month was below zero, per se. November’s reported revenue collections came in lower than any other month thus far in fiscal year 2018 with actual collections coming in nearly $17 million lower than the projection adopted by …
Collections well below projections in latest revenue report Read More »
A handful of the pieces of legislation being tracked by ASBSD on our Billtracker page during the 2023 legislative session deal with tax reduction or repeal in some manner and their outcome will inevitably be affected by the state’s revenue collections, with adoption of FY24 revenue estimates upcoming. You can read about the, the …
2023 ASBSD Billtracker Update: Taxes, revenue & funding Read More »
Revenue collections in South Dakota so far in Fiscal Year 2023 exceeded expectations by nine figures. Through November of FY23, the state’s revenue collections surpassed the figure adopted by the legislature by $135,260,272. Revenue figures for FY23 were adopted by the legislature earlier this year during the 2022 legislative session and since the …
FY23 revenue collections exceeding expectations by more than $100 million Read More »
With Fiscal Year 2022 nearing its end South Dakota’s revenue collections have exceeded revised projections by nearly $50 million. May’s revenue collections came in $16 million above the revised projections adopted by the legislature during the 2022 legislative session. The additional $16 million in May combined with collections in April, March and February …
Nearly $50 million more in revenue collected as FY22 nears end Read More »
South Dakota’s strong 2022 Fiscal Year continued in December. Gov. Kristi Noem touted the month and year’s strength in her State of the State Address on Tuesday (1/11) citing “exceptional revenue growth that South Dakota has enjoyed” because of the steps the state has taken in the past few years. “So far this …
Revenue collections exceeded projections for the fifth consecutive month. November’s revenue collections exceed the legislature’s adopted projections by $14.5 million, which was powered by sales tax collection being nearly $13 million above projection. The surplus revenue projection for the month brought the 2022 Fiscal Year total collections to nearly $88 million more than …
Rev. collections exceed projections for fifth month Read More »
Revenue collections were mildly ahead of projections for the month of May. Overall for the month, collections were $1 million ahead of the projections adopted by the legislature in February and the gain brought the year-to-date figure to a $4.37 million deficit. “Overall what they (revenue figures) will show you is that we’re …
Revenue collections were mildly ahead in May, still down overall for year Read More »
South Dakota revenue collection has begun to show the impact of the Coronavirus. April’s revenue collection came in $18 million less than what was adopted by the legislature earlier this year. The S.D. Bureau of Finance and Management noted in it’s COVID-19’s Delayed Impact on South Dakota document that “a larger impact” was …
The chances of schools seeing an increase in state aid were buoyed by last week’s adopted revenue projections. Members of the Joint Appropriations committee adopted revenue projections for Fiscal Year 2021 $19 million higher than what was projected by Gov. Kristi Noem during her budget address in December, which did not include a proposed …
State aid increase in play after revenue figures higher than December’s numbers Read More »
South Dakota’s revenue figures from the holiday season brought with them some cheer and a note from Gov. Kristi Noem during her State of the State Address that any extra money should be prioritized for K-12 education. “Since my budget address, revenues have been slightly better than expected,” Gov. Noem said during her address …
Gov. Noem notes rise in revenue, possibility for state aid increase Read More »
Associated School Boards of South Dakota is a private, non-profit organization representing more than 850 local school board members, the school districts they govern and the students they serve.