South Dakota Fiscal Statistics

StatisNostics/State Financials/South Dakota
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20122024
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State Revenue Analysis (South Dakota: 2012–2024)

Population: 834,504 → 909,824 (9.0% change)

Overall Revenue Trends

Total Revenue▲ 69.8%
$4,036,969,000 (2012)→$6,854,243,000 (2024)
Per Capita Revenue▲ 55.7%
$4,838 (2012)→$7,534 (2024)
Fund Balances▼ 100%
$4,885,303,000 (2012)→$0 (2024)
Revenue Volatility✓ Low
Avg. fluctuation: 9.6%

Major Tax Revenue

Sales Tax▲ 100.1%
$838,240,000 (2012)→$1,677,538,000 (2024)

Utility Revenue

Water Utilities▲ 168.8%
$959,000 (2012)→$2,578,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Unemployment - Interest Revenue▲ 443.3%
$1,052,000→$5,716,000
Local Intergovernmental Other▲ 422.0%
$980,000→$5,116,000
Federal Intergovernmental Health & Hospitals▲ 346.7%
$98,639,000→$440,662,000

Declining/Slowest Growing Sources

Federal Intergovernmental Employment Security Administration▼ 52.1%
$23,835,000→$11,417,000
Unemployment - Contribution▼ 36.8%
$49,739,000→$31,436,000
Amusement License Tax▼ 24.8%
$7,568,000→$5,693,000

Revenue Forecast

Projected Revenue (Next Year)▼ 0.7%
Estimated: $6,803,681,016
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%

2024 Revenue Breakdown

Total General Sales Taxes24.5%
Federal Intergovernmental Public Welfare16.6%
Federal Intergovernmental Highways8.6%
Federal Intergovernmental Health & Hospitals6.4%
Interest Earnings5.1%
Federal Intergovernmental Education5.0%
Miscellaneous General Revenue Not Elsewhere Classified4.0%
Higher Education Tuition Charges3.2%
Motor Fuels Sales Tax2.9%
Net Lottery Revenue2.9%
Other Selective Sales Taxes2.5%
Federal Intergovernmental Other2.4%
Occupation & Business License Not Elsewhere Classified2.3%
Insurance Premium Tax1.7%
Motor Vehicle License1.5%
Higher Education Auxiliary Charges1.1%
Corporation Net Income Tax0.9%
Federal Intergovernmental Other Natural Resources0.8%
Tobacco Sales Tax0.8%
Federal Intergovernmental Housing & Community Development0.7%
All Other Not Elsewhere Classified Charges0.6%
Federal Intergovernmental Air Transportation0.6%
Hunting & Fishing License0.6%
Unemployment - Contribution0.5%
Other License Tax0.4%
Local Intergovernmental Education0.4%
Fines & Forfeits0.4%
Donations From Private Sources0.3%
Alcoholic Beverage Sales Tax0.3%
Local Intergovernmental Highways0.2%
Natural Resources Not Elsewhere Classified Charges0.2%
Amusement Tax0.2%
Federal Intergovernmental Employment Security Administration0.2%
Education Other State Charges Not Elsewhere Classified0.2%
Severance Tax0.2%
Corporation License Tax0.1%
Sale of Property0.1%
Unemployment - Interest Revenue0.1%
Amusement License Tax0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Other0.1%
Parks & Recreation Charges0.1%
Local Intergovernmental Public Welfare0.1%
Public Utilities Tax0.1%
Regular Highway Charges0.0%
Water Utilities Revenue0.0%
Hospital 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%

Key Insights

  1. 1Total revenue increased by 69.8% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 168.8%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 9.0%, while per-capita revenue changed by 55.7%.
  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 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 154%
$1,792,903,000→$4,556,957,000
Per Capita Spending▲ 133%
$2,148→$5,009

Population Trends

Population Change▲ 9%
834,504 (2012)→909,824 (2024)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 112%
$32,070,000 (2012)→$67,858,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 38%
$128,788,000 (2012)→$177,159,000 (2024)
Sewerage Operations▼ 0%
$0 (2012)→$927,000 (2024)

Administrative Expenses

Financial Administration▲ 129%
$102,184,000 (2012)→$234,487,000 (2024)
General Expenses▲ 168%
$123,191,000 (2012)→$330,462,000 (2024)

South Dakota Key Insights

  1. 1Police protection spending increased by 112%, significantly outpacing population growth of 9.0%
  2. 2Per capita expenditures grew by 133%, indicating substantial service expansion or cost increases not explained by population growth alone
  3. 3General expenses increased dramatically by 168%, which may indicate classification changes, new initiatives, or reporting adjustments
  4. 4Financial Administration was the fastest growing major expense category at 129% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 362%
$1,008,039,000 (2012)→$4,658,073,000 (2024)
Industrial Revenue Debt▼ 100%
$2,598,816,000 (2012)→$0 (2024)
Per Capita Debt▲ 324%
$1,208 (2012)→$5,120 (2024)

Population Trends

Population Change▲ 9%
834,504 (2012)→909,824 (2024)

Debt Management

Most Recent Year (2024)

Issued:$928,686,000
Retired:$398,634,000
Net Change:+$530,052,000

Debt Retirement Trend

$130,686,000 → $398,634,000▲ 205%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward higher debt levels.
  3. 3New debt issuance significantly increased the per-resident debt burden (up 324%).