South Dakota's Budget on Track for Record Year

South Dakotas Budget on Track: State On Pace to Exceed Revenue Targets South Dakotas budget is looking robust, with the states top budget official reporting that the state is on track to meet or surpass revenue targets by the end of the fiscal year in June. Key revenue sources, such as sales tax, contractors excise taxes, and lottery cash, are all performing well through March. The contractors excise tax, the third largest revenue source, is on pace to meet its projected 2.4% increase from last year, having already seen a 2.1% year-to-date increase. The lottery revenue, the second largest source, is just $43,000 short of its full-year goal. With smaller revenue streams also meeting targets, there are no major shortfalls in sight. April figures will be released next week, and with three months left in the fiscal year, there is potential for further progress. Full year-end numbers and next years targets will be presented on July 20th, as fiscal year 2027 begins on July 1st. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8a36086ce31b31e7