South Dakota finished Fiscal Year 2019 with a $19 million budget surplus, but some aspects of revenue collection underwhelmed, which could become a trend in Fiscal Year 2020. Much of the $19 million surplus was a result of budget reversions from state departments with more than $17 million in reversions. Revenue collection came in …
The holiday shopping season brought in the green to keep state revenue figures out of the red. Revenue collections in December came in slightly more than $10 million higher than what the legislature adopted for the month during last year’s legislative session. The December figures were a needed rebound over November’s numbers, which were …
Revenue figures bounce back, budget talks about to begin Read More »
South Dakota earned victory in the argument over online sales tax collection. In a 5-4 decision, members of the U.S. Supreme Court sided with South Dakota in its challenge that states can collect sales tax from online retailers. The high court’s decision comes two months after Attorney General Marty Jackley presented the state’s case …
Supreme Court sides with S.D. in online sales tax collection Read More »
Revenue figures reverted to the red in March. S.D. Bureau of Finance and Management reported revenue for the third month of 2018 was nearly $2 million under projections adopted by the legislature during session. Sales Tax collections were $2.4 million less than projected for the month with Bank Franchise Tax and Unclaimed Property …
South Dakota grabbed a rebound in revenue numbers in September, but saw the figures tipped out of bounds in October. October’s revenue figures came in nearly $5.6 million lower than the figure set by legislative projections adopted earlier this year. October’s loss comes on the heels of last month’s $3.5 million uptick on projections. …
Online sales tax revenue received more attention during the second week of legislative session. The Senate Taxation committee welcomed Department of Revenue Secretary Andy Gerlach to their meeting on Wednesday (1/18) to discuss a variety of subjects that included online sales tax. One of the first questions asked of Sec. Gerlach was about …
A bill gutting the tax on groceries moved from one legislative committee to another. On a 12-1 vote, the House Taxation committee sent House Bill 1075, which repeals the sales tax on groceries, to the House Appropriations committee for review and vote. S.D. Bureau of Finance & Management Commissioner Jim Terwilliger said the bill …
First grocery tax cut bill heads to House Approps Read More »
Neighbor States Widening Teacher Pay Gap The average teacher salaries in South Dakota continue to lag behind our neighboring states with SD’s teachers the only state of the group of seven not top $50,000 in average teacher pay in 2020-21 and facing a growing gap. The closest regional competitor, Montana, is more …
Will 5% Stem the Funding Issues in Public Schools? Read More »
It’s a proposed 5 percent increase in state aid for public schools. On Tuesday (12/6), Gov. Kristi Noem shared her proposed budget for Fiscal Year 2024 with legislators and the public. “This year I am recommending a 5 percent increase,” Gov. Noem said during the address in reference to state aid. The …
Gov proposes 5 percent funding increase, tax cut and scholarship program Read More »
Reducing the sales tax and repealing the Partridge Amendment is the aim of a bill bound for the Senate. On a 6-1 vote, members of the House Appropriations committee passed House Bill 1327, which reduces the half-cent tax rate on certain products and repeals the Partridge Amendment, while the full House followed suit and …
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