Revenue projections for the next fiscal year were adopted recently. Legislative Appropriators adopted revenue projections at $2.067 billion for Fiscal Year 2023, which is more than $92 million higher than what was proposed by Gov. Kristi Noem in December, on a 14-3 vote. With the revenue projections exceeding what was projected in December […]
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The most recent revenue figures for South Dakota tell two different stories. November’s revenue numbers are either very good or very bad, depending on the projections used. Based on revenue projections adopted by the legislature during the 2019 legislative session, the revenue figures for November came in $8.7 million higher than projected, but utilizing
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Revenue projections for the upcoming fiscal year’s budget were higher than expected, but the figures adopted were only slightly more than what was proposed. Members of the Joint Appropriations committee approved revenue projections for the Fiscal Year 2020 budget totaling $1.701 billion, which is an increase above what was proposed by Gov. Kristi Noem
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Revenue projections adopted by appropriators present hope for a possible funding increase for schools. On Tuesday (2/13), members of the Joint Appropriations committee adopted revenue projections for the Fiscal Year 2019 budget totaling $1.641 billion, which exceeds the $1.622 billion in revenue proposed by Gov. Dennis Daugaard during his budget address in December.
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With the revenue projections presented the financial parameters were set for South Dakota’s fiscal year 2016 budget. Legislative appropriators adopted the revenue projection recommendations presented by the appropriations subcommittee for the FY16 budget, as well as the FY15 updated projections. Rep. Dan Dryden said the revenue projections presented by the Bureau of Finance
Appropriators adopt revenue projections Read More »
Revenue projections for South Dakota were not rosy. Representatives from South Dakota Bureau of Finance and Management and Legislative Research Council presented the projections to legislative appropriators on Monday (3/9). Compared to the projections proposed by Gov. Dennis Daugaard during his Budget Address in December, BFM projects an approximately $10 million shortfall and
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Members of the Joint Appropriations adopted revenue projections of $1.392 billion for the fiscal year 2015 budget on Tuesday. The projection comes in just $1 million under Gov. Dennis Daugaard’s proposed budget, which likely indicates schools will receive the proposed three percent increase in state aid. Gov. Daugaard’s budget proposal totaled $1.393 billion.
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With only two months left to collect in Fiscal Year 2022, revenue collections remain far above projections, even after they were adjusted during legislative session. Through April, revenue collections are $32 million ahead of the revised projections with the month of April alone accounting for an additional $20 million more than projections. Compared to
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Revenue collections continue to soar in South Dakota. One-third of the way through Fiscal Year 2022 revenue collections continue to climb as the October collection was $12.2 million higher than the projections adopted by the legislature, bringing the state’s total collection in FY22 to $720 million, which is $73 million more than adopted projections.
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A major day in deciding what school funding will look like for the next school year is coming up. The Joint Appropriations committee will hear revenue projections on Wednesday, February 12 and adopt revenue projections for the upcoming fiscal year the following day. Those figures will assuredly play a role in whether or not
FY20 revenue remains ahead, FY21 projections coming Thursday 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.