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SD Revenue Likely To Fall Short Of Gov. Projections

March 10, 2014, 11:20 AM

SD Revenue Likely To Fall Short Of Gov. Projections
PIERRE, SD -

State economists predict South Dakota's revenue collections next year will fall short of projections made when Gov. Dennis Daugaard proposed his state budget in December.

Economists for the Legislature and the governor's budget office say ongoing state revenue from taxes and other general revenue is likely to be $4 million to $6 million below what the governor projected. That will give the Legislature less money to spend in the nearly $1.4 billion general budget.

The Legislature's Joint Appropriations Committee will formally decide by Tuesday how much can be spent in next year's budget. The Legislature plans to pass that budget by Friday.

Senate Appropriations Chairwoman Deb Peters of Hartford says the Legislature likely will make changes in the governor's budget to fund the Legislature's priorities, which she says includes schools.

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