Budget pressures push South Dakota toward reserve funds
State finance officials warn of flat revenues, rising Medicaid costs as lawmakers open 2026 session
Gov. Larry Rhoden’s proposed budget would draw nearly $100 million in reserve funds in order to balance.
Top finance and budget officials in Gov. Larry Rhoden’s cabinet are warning that flat revenue growth coupled with rising Medicaid costs is squeezing the 2026 budget outlook, leaving limited room for property tax relief or new spending.
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