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The budget calls for $7.39 billion in total spending in fiscal 2024, a 6.3 percent increase from the budgeted amount for fiscal 2023 (the fiscal 2023 amount includes $427.0 million in emergency special appropriations and $181.5 million in continuous appropriations/transfers).
Since the Bipartisan Infrastructure Law passed, South Dakota will receive approximately $944.6 million for transportation to invest in roads, bridges, public transit, ports and airports and roughly $203 million for clean water.
The budget calls for $7.39 billion in total spending in fiscal 2024, a 6.3 percent increase from the budgeted amount for fiscal 2023 (the fiscal 2023 amount includes $427.0 million in emergency special appropriations and $181.5 million in continuous appropriations/transfers).
South Dakota's current budget The enacted budget included $2.1 billion in general fund spending and $5.9 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.
(The Center Square) ? South Dakota's year-end financial report shows the state's net worth at $8.1 billion, an increase of 10% over last year, ing to the Annual Comprehensive Financial Report that covers fiscal year 2021.
This is because it has state-level regulations that allow trusts to continue in perpetuity, devoid of state income tax as well as capital gains taxes, and helped by court-sealed records. Compared to its competitors, South Dakota's key businesses are banking as well as health care.
South Dakota | State Budget The Governor's Budget Report for Fiscal Year 2024 represents our state's 134th year of a balanced budget.
South Dakota has $6 billion of assets available to pay the state's bills totaling $3.9 billion. South Dakota has $2.1 billion available after bills have been paid, which breaks down to $6,900 per taxpayer.