HomeLatest NewsState NewsSouth Dakota Ends Year with $115M Surplus

South Dakota Ends Year with $115M Surplus

This week, the Interim Joint Committee on Appropriations heard testimony from the Bureau of Finance and Management (BFM) about the Fiscal Year 2022 year end surplus of 115 million dollars. Total general fund revenue for fiscal year 2022 finished $72.3 million higher than adopted estimates, and the state general fund budget ended with expenses $43.2 million less than budgeted. BFM also presented on updated Fiscal Year 2023 revenue estimates. Currently, they are projecting a 3.34% increase in in total ongoing receipts, which is roughly 69 million dollars.

The SDAHO advocacy team will continue to encourage legislators to include healthcare providers in mind when budgeting during, and leading up to, the 2023 legislative session. For more information, contact Jacob Parsons, SDAHO’s Director of Fiscal Policy.

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