South Dakota closes the 2020 budget year with surplus
July 22, 2020
South Dakota closed the 2020 budget year on June 30 with a surplus of $19.1 million, Governor Kristi Noem announced.
Although total revenue finished $7.9 million lower than adopted estimates, the state general fund budget ended with expenditures approximately $27.2 million lower than budgeted. The state spent $74.8 million in Coronavirus Relief Funds in fiscal year 2020.
“Despite the challenges with COVID-19, South Dakota remains in a strong financial position,” said Governor Noem. “As many states closed their economies, I trusted South Dakotans to make the right decisions for thems...