Black Hills Knowledge Netowork

Lawmakers are anticipating that total revenues will be lower than projected at the end of 2016.
Lawmakers are anticipating that total revenues will be lower than projected at the end of 2016. photo
February 15, 2017

South Dakota Tax Revenues Lower than Projected

Lawmakers on a state budget subcommittee believes that revenue streams for the state will be $27.8 million lower than projected in December of last year, reports KOTA News. Lawmakers are also projecting approximately $25.3 million less in ongoing receipts for the current budget cycle.

Jim Terwilliger, the state’s economist, cites low inflation and a decrease in spending in the farm economy as possible contributors to the lower revenue. The Legislature’s Joint Committee on Appropriations will formally announce budget levels.

For more legislative information, visit the 2017 South Dakota Legislative Issue Hub page. To read recent legislative news, visit the Black Hills Knowledge Network’s online news archive

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