The general fund receipt report was released by the South Dakota Bureau of Finance and Management showing the revenues are $4.4M above revised legislative estimates through April FY 2018. The report compares the most recent year-to-date receipts in all major categories for the state general fund to receipts from the prior year and on a year-to-date basis.
The dashboard reports also compare the most recent legislative adopted forecast, as well as the original adopted forecast to gauge how well actual collections are performing compared to budgeted levels.
A line item worth noting is the decline in alcohol beverage tax for the month, which is due to timing of receipts.
As proposed by Gov. Daugaard and appropriated by the 2018 legislature, the South Dakota FY2019 Budget in Brief provides a cursory overview of the financial condition of the state and a summary of the budget for the period beginning July 1, 2018, and ending June 30, 2019.
In addition, the South Dakota Legislative Research Council (LRC) released the Medical Services Data and Trends report for March 2018 showing Medicaid and Child Health Insurance Program (CHIP) enrollment numbers and expenditures. Total monthly enrollment for Medicaid eligibles is down 1,539 from the prior year, while total Medicaid recipients (an individual that had at least one medical service paid for during the month) was 59,445, down from the prior year of more than 70,000. Total expenditures per recipient was $1,342 for March 2018, up from nearly $1,250 per recipient last year.