South Dakota Fiscal Statistics

StatisNostics/State Financials/South Dakota

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20122022

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State Revenue Analysis (South Dakota: 2012–2022)

Population: 834,504 → 892,717 (7.0% change)

Overall Revenue Trends

Total Revenue▲ 73.8%

$4,036,969,000 (2012)→$7,015,250,000 (2022)

Per Capita Revenue▲ 62.4%

$4,838 (2012)→$7,858 (2022)

Fund Balances▼ 100%

$4,885,303,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 9.7%

Major Tax Revenue

Sales Tax▲ 81.8%

$838,240,000 (2012)→$1,524,337,000 (2022)

Utility Revenue

Water Utilities▲ 261.4%

$959,000 (2012)→$3,466,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1426.7%

$98,639,000→$1,505,939,000

Local Intergovernmental Other▲ 449.8%

$980,000→$5,388,000

Water Utilities Revenue▲ 261.4%

$959,000→$3,466,000

Declining/Slowest Growing Sources

Parimutuels Tax▼ 82.2%

$634,000→$113,000

Federal Intergovernmental Employment Security Administration▼ 49.0%

$23,835,000→$12,150,000

Severance Tax▼ 41.6%

$13,759,000→$8,035,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.3%

Estimated: $7,668,600,832

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Total General Sales Taxes20.8%

Federal Intergovernmental Public Welfare14.8%

Federal Intergovernmental Highways9.9%

Federal Intergovernmental Education6.9%

Interest Earnings5.6%

Higher Education Tuition Charges4.7%

Federal Intergovernmental Other3.4%

Motor Fuels Sales Tax3.4%

Miscellaneous General Revenue Not Elsewhere Classified3.4%

Occupation & Business License Not Elsewhere Classified3.1%

Net Lottery Revenue2.7%

Federal Intergovernmental Health & Hospitals2.4%

Insurance Premium Tax1.7%

Other Selective Sales Taxes1.6%

Motor Vehicle License1.6%

Tobacco Sales Tax1.5%

Corporation Net Income Tax1.5%

Higher Education Auxiliary Charges1.4%

Unemployment - Contribution1.2%

All Other Not Elsewhere Classified Charges1.1%

Federal Intergovernmental Other Natural Resources0.9%

Federal Intergovernmental Housing & Community Development0.9%

Hunting & Fishing License0.7%

Federal Intergovernmental Employment Security Administration0.6%

Donations From Private Sources0.6%

Other License Tax0.4%

Alcoholic Beverage Sales Tax0.4%

Severance Tax0.3%

Fines & Forfeits0.3%

Natural Resources Not Elsewhere Classified Charges0.3%

Local Intergovernmental Education0.3%

Amusement Tax0.2%

Local Intergovernmental Highways0.2%

Amusement License Tax0.2%

Sale of Property0.2%

Education Other State Charges Not Elsewhere Classified0.1%

Corporation License Tax0.1%

Motor Vehicle Operators License0.1%

Public Utilities Tax0.1%

Workers Compensation - Other Contributions0.1%

Parks & Recreation Charges0.1%

Federal Intergovernmental Water Utilities0.0%

Local Intergovernmental Health & Hospitals0.0%

Hospital Charges0.0%

Unemployment - Interest Revenue0.0%

Regular Highway Charges0.0%

Local Intergovernmental Other0.0%

Water Utilities Revenue0.0%

Alcoholic Beverage License Tax0.0%

Parimutuels Tax0.0%

Documentary & Stock Transfer Tax0.0%

Workers Compensation - Interest Earnings0.0%

2022 Revenue Breakdown

Total General Sales Taxes21.7%

Federal Intergovernmental Health & Hospitals21.5%

Federal Intergovernmental Public Welfare13.8%

Federal Intergovernmental Education5.3%

Federal Intergovernmental Highways5.2%

Interest Earnings3.8%

Higher Education Tuition Charges3.1%

Motor Fuels Sales Tax2.9%

Net Lottery Revenue2.7%

Miscellaneous General Revenue Not Elsewhere Classified2.2%

Other Selective Sales Taxes2.2%

Occupation & Business License Not Elsewhere Classified2.2%

Federal Intergovernmental Other1.4%

Insurance Premium Tax1.4%

Motor Vehicle License1.3%

Higher Education Auxiliary Charges0.9%

Corporation Net Income Tax0.9%

Tobacco Sales Tax0.8%

Federal Intergovernmental Air Transportation0.6%

Unemployment - Contribution0.6%

Hunting & Fishing License0.5%

All Other Not Elsewhere Classified Charges0.5%

Federal Intergovernmental Other Natural Resources0.5%

Federal Intergovernmental Housing & Community Development0.5%

Other License Tax0.5%

Donations From Private Sources0.3%

Alcoholic Beverage Sales Tax0.3%

Local Intergovernmental Education0.3%

Local Intergovernmental Highways0.2%

Amusement Tax0.2%

Fines & Forfeits0.2%

Federal Intergovernmental Employment Security Administration0.2%

Sale of Property0.2%

Natural Resources Not Elsewhere Classified Charges0.2%

Education Other State Charges Not Elsewhere Classified0.1%

Corporation License Tax0.1%

Severance Tax0.1%

Motor Vehicle Operators License0.1%

Amusement License Tax0.1%

Local Intergovernmental Other0.1%

Parks & Recreation Charges0.1%

Public Utilities Tax0.1%

Water Utilities Revenue0.0%

Local Intergovernmental Public Welfare0.0%

Unemployment - Interest Revenue0.0%

Hospital Charges0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Taxes Not Elsewhere Classified0.0%

Federal Intergovernmental Sewerage0.0%

Documentary & Stock Transfer Tax0.0%

Parimutuels Tax0.0%

Key Insights

1Total revenue increased by 73.8% from 2012 to 2022, representing a significant change in the state's financial position.
2Utility revenue growth was exceptional, with water up 261.4%, suggesting infrastructure expansion or rate adjustments.
3Population changed by 7.0%, while per-capita revenue changed by 62.4%.
4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (South Dakota: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 117%

$1,792,903,000→$3,883,133,000

Per Capita Spending▲ 102%

$2,148→$4,350

Population Trends

Population Change▲ 7%

834,504 (2012)→892,717 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 84%

$32,070,000 (2012)→$58,853,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 10%

$128,788,000 (2012)→$141,207,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$803,000 (2022)

Administrative Expenses

Financial Administration▲ 154%

$102,184,000 (2012)→$259,153,000 (2022)

General Expenses▲ 98%

$123,191,000 (2012)→$244,376,000 (2022)

South Dakota Key Insights

1Per capita expenditures grew by 102%, indicating substantial service expansion or cost increases not explained by population growth alone
2Financial Administration was the fastest growing major expense category at 154% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 291%

$1,008,039,000 (2012)→$3,939,398,000 (2022)

Industrial Revenue Debt▼ 100%

$2,598,816,000 (2012)→$0 (2022)

Per Capita Debt▲ 265%

$1,208 (2012)→$4,413 (2022)

Population Trends

Population Change▲ 7%

834,504 (2012)→892,717 (2022)

Debt Management

Most Recent Year (2022)

Issued:$790,918,000

Retired:$655,200,000

Net Change:+$135,718,000

Debt Retirement Trend

$130,686,000 → $655,200,000▲ 401%

🔄 Significant change in retirement strategy detected

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.
3New debt issuance significantly increased the per-resident debt burden (up 265%).