Sales tax, licensing collections pushing South Dakota revenues above projections
2025 fee hikes boosting revenue totals in Bureau of Finance and Management report
CORRECTION: An earlier version of this article didn’t clearly state sales tax rates will increase in 2027. The Dakota Scout strives for fairness and accuracy and deeply regrets the error.
South Dakota continues to outpace state revenue projections as the close of the government’s fiscal year nears.
That’s according to a rosier-than-expected monthly financial report released Tuesday by the Bureau of Finance and Management showing state collections exceeded budget in April by $12.1 million.
“April’s strong revenue performance reflects the stability of our state economy and the fiscal responsibility that continues to position South Dakota for long-term success,” BFM Commissioner Jim Terwilliger said in a statement provided to The Dakota Scout.
