Ipswich Tribune -

South Dakota closes the 2020 budget year with surplus

 


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...



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