Legislators Get Updated Look At Revenue Projections For Budget

Legislators Get Updated Look At Revenue Projections For Budget

PIERRE, (KCCR) — Members of the Joint Appropriations Committee of the South Dakota Legislature were updated recently on the latest projections of revenue coming into the state. Legislative Research Council Fiscal Analyst Jeff Mehlhaff says inflation seems to have leveled off…

Mehlhaff projected three-percent growth in sales taxes for the next fiscal year related mainly to inflation…

Mehlhaff says in the next fiscal year he expects 36-point-five million in surplus available…

Excluding unclaimed property reflects a four-percent increase in estimated revenue.