40° F
Current Conditions
Radio Station Info Staff Advertising Job Opportunities Contact Us
 

Listen Live

Click Here To

Sign Our Guest Book


RSS Feed

KCSR Annual EEO Report
KBPY Annual EEO Report

(S.D.)-State Of South Dakota Finishes Its Fiscal Year With Surplus

By: Roxie Graham-Marski Posted at: 07/16/2013 09:42 AM

      PIERRE, S.D. (ASSOCIATED PRESS) - Governor Dennis Daugaard (DOO'-gahrd) says South Dakota has finished the fiscal year with a $24 million budget surplus.
 
     Daugaard says revenue exceeded estimates by $13.6 million. In addition, agencies spent $10.6 million less than appropriated.
 
     South Dakota's sales and use tax receipts are the largest revenue source. The receipts grew nearly 6 percent in the month of June. Collections from the sales and use tax accounted for 57 percent of general fund receipts in Fiscal Year 2013.
 
     The $24.2 million was transferred to the Budget Reserve Fund, as required by law. The Budget Reserve Fund now has a balance of $95 million.
 
     Daugaard says finishing Fiscal Year 2013 with a surplus increases the chance of finishing Fiscal Year 2014 with a balanced budget while properly funding critical areas.


Comments:


Back to News

Printer Friendly Version

Send Story to a friend.