PIERRE, S.D. (KSOO) – While offering a proposed budget for Fiscal Year 2019, there was also a look into the current South Dakota economic status during the Tuesday Budget Address in Pierre.
Governor Dennis Daugaard stated that his goal was to not allow South Dakota to live beyond its means in either FY 18 or 19. Other states have done so and have paid the price.
More than that, Daugaard believes if good fiscal habits are followed, the state will continue to run smoothly.
The plan calls for only a modest increase in spending to $4.7 billion in FY 19 as opposed to $4.6 billion in FY 18.
Current projections for tax collections in South Dakota point toward a shortage of just over $20 million for FY 18.