South Dakota Fiscal Statistics

StatisNostics/State Financials/South Dakota
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20122023
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State Revenue Analysis (South Dakota: 2012–2023)

Population: 834,504 → 895,376 (7.3% change)

Overall Revenue Trends

Total Revenue▲ 56.7%
$4,036,969,000 (2012)→$6,326,234,000 (2023)
Per Capita Revenue▲ 46%
$4,838 (2012)→$7,065 (2023)
Fund Balances▼ 100%
$4,885,303,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 9.7%

Major Tax Revenue

Sales Tax▲ 100.2%
$838,240,000 (2012)→$1,678,258,000 (2023)

Utility Revenue

Water Utilities▲ 233.9%
$959,000 (2012)→$3,202,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 420.2%
$980,000→$5,098,000
Federal Intergovernmental Health & Hospitals▲ 418.6%
$98,639,000→$511,585,000
Water Utilities Revenue▲ 233.9%
$959,000→$3,202,000

Declining/Slowest Growing Sources

Severance Tax▼ 58.9%
$13,759,000→$5,657,000
Sale of Property▼ 56.7%
$7,234,000→$3,134,000
Federal Intergovernmental Employment Security Administration▼ 52.6%
$23,835,000→$11,301,000

Revenue Forecast

Projected Revenue (Next Year)▲ 11.4%
Estimated: $7,045,760,128
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%

2023 Revenue Breakdown

Total General Sales Taxes26.5%
Federal Intergovernmental Public Welfare15.1%
Federal Intergovernmental Health & Hospitals8.1%
Federal Intergovernmental Highways7.5%
Federal Intergovernmental Education5.3%
Interest Earnings4.1%
Miscellaneous General Revenue Not Elsewhere Classified3.5%
Higher Education Tuition Charges3.4%
Net Lottery Revenue3.1%
Motor Fuels Sales Tax3.0%
Other Selective Sales Taxes2.6%
Occupation & Business License Not Elsewhere Classified2.5%
Federal Intergovernmental Other1.9%
Insurance Premium Tax1.7%
Motor Vehicle License1.5%
Higher Education Auxiliary Charges1.1%
Tobacco Sales Tax0.8%
Corporation Net Income Tax0.8%
Federal Intergovernmental Other Natural Resources0.7%
Unemployment - Contribution0.7%
Federal Intergovernmental Housing & Community Development0.6%
Hunting & Fishing License0.6%
All Other Not Elsewhere Classified Charges0.6%
Other License Tax0.5%
Federal Intergovernmental Air Transportation0.4%
Donations From Private Sources0.4%
Local Intergovernmental Education0.4%
Local Intergovernmental Highways0.4%
Alcoholic Beverage Sales Tax0.3%
Fines & Forfeits0.3%
Natural Resources Not Elsewhere Classified Charges0.2%
Amusement Tax0.2%
Federal Intergovernmental Employment Security Administration0.2%
Education Other State Charges Not Elsewhere Classified0.2%
Corporation License Tax0.1%
Parks & Recreation Charges0.1%
Motor Vehicle Operators License0.1%
Severance Tax0.1%
Amusement License Tax0.1%
Local Intergovernmental Other0.1%
Public Utilities Tax0.1%
Local Intergovernmental Public Welfare0.1%
Unemployment - Interest Revenue0.1%
Water Utilities Revenue0.1%
Sale of Property0.0%
Hospital Charges0.0%
Alcoholic Beverage License Tax0.0%
Regular Highway Charges0.0%
Local Intergovernmental Health & Hospitals0.0%
Taxes Not Elsewhere Classified0.0%
Federal Intergovernmental Sewerage0.0%
Documentary & Stock Transfer Tax0.0%
Workers Compensation - Interest Earnings0.0%

Key Insights

  1. 1Total revenue increased by 56.7% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 233.9%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 7.3%, while per-capita revenue changed by 46.0%.
  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 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 122%
$1,792,903,000→$3,978,821,000
Per Capita Spending▲ 107%
$2,148→$4,444

Population Trends

Population Change▲ 7.3%
834,504 (2012)→895,376 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 88%
$32,070,000 (2012)→$60,272,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 22%
$128,788,000 (2012)→$157,183,000 (2023)
Sewerage Operations▼ 0%
$0 (2012)→$847,000 (2023)

Administrative Expenses

Financial Administration▲ 113%
$102,184,000 (2012)→$218,118,000 (2023)
General Expenses▲ 118%
$123,191,000 (2012)→$268,645,000 (2023)

South Dakota Key Insights

  1. 1Per capita expenditures grew by 107%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 118%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 113% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 310%
$1,008,039,000 (2012)→$4,129,482,000 (2023)
Industrial Revenue Debt▼ 100%
$2,598,816,000 (2012)→$0 (2023)
Per Capita Debt▲ 282%
$1,208 (2012)→$4,612 (2023)

Population Trends

Population Change▲ 7.3%
834,504 (2012)→895,376 (2023)

Debt Management

Most Recent Year (2023)

Issued:$373,079,000
Retired:$183,496,000
Net Change:+$189,583,000

Debt Retirement Trend

$130,686,000 → $183,496,000▲ 40%

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2New debt issuance significantly increased the per-resident debt burden (up 282%).