South Dakota’s tax receipts higher than expected

The State of South Dakota general fund receipt report, released last week, shows the most recent month-end and year-to-date receipts in all major categories for the state general fund. The reports compare actual receipts to the prior year for the most recently completed month and on a year-to-date basis.

Through one month of fiscal year 2019, total actual ongoing receipts were $7.3 million higher than the adopted estimate.

Actual receipts are also compared to 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.

The complete financial metrics dashboard is available on the South Dakota Bureau of Finance and Management’s website.