South Dakota Recommended Spending Percentages
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South Dakota generates the bulk of its tax revenue by levying a general sales tax and select sales taxes (otherwise known as excise taxes). The state derives its constitutional authority to tax from Article XI of the state constitution.
Among the states, Alaska had the highest per capita state and local spending in 2019 at $17,596, followed by New York ($15,667) and Wyoming ($15,107).
The state received $1,409 in federal money per individual in 2021, according to World Population Review. States do provide tax money to the federal government but South Dakota receives $1.21 for every dollar it pays, according to the Rockefeller Institute of Government.
According to NASBO, South Dakota's recent expenditure totals (general fund spending/total spending, including federal transfers) were: FY 2021: $1.9 billion/$6.7 billion. FY 2020: $1.7 billion/$4.9 billion. FY 2019: $1.6 billion/$4.5 billion.
Our low unemployment rate, strong labor force recovery, and terrific tourism numbers are generating historic revenues for the state. South Dakota's year over year growth in fiscal year 2021 was $274.2 million or 15.7%, compared to a ten year average of 4.6%.
The state received $1,409 in federal money per individual in 2021, according to World Population Review. States do provide tax money to the federal government but South Dakota receives $1.21 for every dollar it pays, according to the Rockefeller Institute of Government.
South Dakota's current budget The enacted budget included $1.8 billion in general fund spending and $5.1 billion in total spending. Under the American Rescue Plan, South Dakota will receive $974 million in direct state fiscal aid and $210 million in local government aid from the federal government.
Among the states, Alaska had the highest per capita state and local spending in 2019 at $17,596, followed by New York ($15,667) and Wyoming ($15,107).
According to NASBO, South Dakota's recent expenditure totals (general fund spending/total spending, including federal transfers) were: FY 2021: $1.9 billion/$6.7 billion. FY 2020: $1.7 billion/$4.9 billion. FY 2019: $1.6 billion/$4.5 billion.
