South Dakota's 2024 fiscal year ended with an $80.7M budget surplus, which Governor Noem plans to use for prison construction costs.
South Dakota completed its 2024 fiscal year with a budget surplus of $80.7M, attributed to $24M additional revenue and $56M lower expenses than forecasted. Governor Kristi Noem plans to allocate the surplus towards offsetting prison construction costs, aiming for responsible budgeting and debt avoidance. This surplus increased South Dakota's budget reserves to $322.8M, equating to 13.3% of the fiscal year 2025 budget.
July 15, 2024
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