Senate Report by Bryan Breitling

Revenue Setting Stage of Budget Finalization

Now that we are past the halfway point of the 2024 legislative session, this week is revenue setting. We will hear economic reports from the Bureau of Finance & Management and the Legislative Research Council. Following those reports, a Revenue Setting Subcommittee will negotiate the various estimates of FY24 revisions and FY25 revenues. Those will then likely be adopted on Wednesday, 14th. When this stage is finalized, this sets the final revenue and expense thresholds for South Dakota’s balanced budget to be finali...