South Dakota Fiscal Year Finishes With Near $100M Surplus

(Sioux Falls, SD) — South Dakota is now working with a 96-point-eight-million-dollar surplus after the end of the 2023 fiscal year. The Governor’s Office made the announcement Monday after the budget year closed on June 30th. State government spent about 80-million less than what lawmakers appropriated for the 2023 fiscal year. Governor Noem says the surplus is thanks to the state’s thriving economy, keeping state government small, taxes low and spending within the state’s means. She added that the budget surplus could help with future prison construction costs.

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