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December30

Revenue projections may have major implications for K-12

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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February18

Appropriators adopt revenue projections

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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February16

Appropriators adopt revenue projections above December’s proposal

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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March11

Appropriators adopt revenue projections

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
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March09

Revenue projections presented to appropriators

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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March11

Revenue projections adopted by Appropriators

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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February11

FY20 revenue remains ahead, FY21 projections coming Thursday

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
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December22

Collections well below projections in latest revenue report

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
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June06

Revenue collections were mildly ahead in May, still down overall for year

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
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May11

Revenue collection shows effect of virus

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
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