South Dakota Fiscal Statistics

StatisNostics/State Financials/South Dakota
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20122021
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State Revenue Analysis (South Dakota: 2012–2021)

Population: 834,504 → 884,659 (6.0% change)

Overall Revenue Trends

Total Revenue▲ 31.1%
$4,036,969,000 (2012)→$5,291,770,000 (2021)
Per Capita Revenue▲ 23.6%
$4,838 (2012)→$5,982 (2021)
Fund Balances▲ 39.9%
$4,885,303,000 (2012)→$6,833,453,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 7.1%

Major Tax Revenue

Sales Tax▲ 51.9%
$838,240,000 (2012)→$1,273,575,000 (2021)

Utility Revenue

Water Utilities▲ 106.2%
$959,000 (2012)→$1,977,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Local Intergovernmental Other▲ 615.3%
$980,000→$7,010,000
Regular Highway Charges▲ 230.0%
$992,000→$3,274,000
Unemployment - Interest Revenue▲ 203.8%
$1,052,000→$3,196,000

Declining/Slowest Growing Sources

Workers Compensation - Other Contributions▼ 100.0%
$3,172,000→$1,000
Parimutuels Tax▼ 81.1%
$634,000→$120,000
Federal Intergovernmental Employment Security Administration▼ 54.8%
$23,835,000→$10,770,000

Revenue Forecast

Projected Revenue (Next Year)▲ 11.6%
Estimated: $5,904,377,528
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Total General Sales Taxes24.1%
Federal Intergovernmental Public Welfare14.8%
Federal Intergovernmental Highways7.3%
Federal Intergovernmental Education5.9%
Interest Earnings5.0%
Federal Intergovernmental Health & Hospitals4.7%
Higher Education Tuition Charges4.0%
Motor Fuels Sales Tax3.6%
Net Lottery Revenue3.3%
Miscellaneous General Revenue Not Elsewhere Classified3.3%
Other Selective Sales Taxes2.7%
Federal Intergovernmental Other2.6%
Occupation & Business License Not Elsewhere Classified2.6%
Insurance Premium Tax1.7%
Motor Vehicle License1.7%
Unemployment - Contribution1.5%
Higher Education Auxiliary Charges1.1%
Corporation Net Income Tax1.0%
Tobacco Sales Tax1.0%
Donations From Private Sources0.8%
Federal Intergovernmental Air Transportation0.8%
Federal Intergovernmental Other Natural Resources0.7%
Federal Intergovernmental Housing & Community Development0.6%
Hunting & Fishing License0.6%
All Other Not Elsewhere Classified Charges0.6%
Other License Tax0.4%
Alcoholic Beverage Sales Tax0.4%
Local Intergovernmental Highways0.3%
Local Intergovernmental Education0.3%
Fines & Forfeits0.3%
Natural Resources Not Elsewhere Classified Charges0.3%
Amusement Tax0.2%
Federal Intergovernmental Employment Security Administration0.2%
Education Other State Charges Not Elsewhere Classified0.2%
Severance Tax0.2%
Corporation License Tax0.1%
Local Intergovernmental Other0.1%
Motor Vehicle Operators License0.1%
Amusement License Tax0.1%
Sale of Property0.1%
Parks & Recreation Charges0.1%
Local Intergovernmental Public Welfare0.1%
Regular Highway Charges0.1%
Public Utilities Tax0.1%
Unemployment - Interest Revenue0.1%
Hospital Charges0.0%
Water Utilities Revenue0.0%
Alcoholic Beverage License Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Taxes Not Elsewhere Classified0.0%
Federal Intergovernmental Water Utilities0.0%
Federal Intergovernmental Sewerage0.0%
Documentary & Stock Transfer Tax0.0%
Parimutuels Tax0.0%
Workers Compensation - Other Contributions0.0%

Key Insights

  1. 1Total revenue increased by 31.1% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 106.2%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 6.0%, while per-capita revenue changed by 23.6%.
  4. 4The state's fund balances increased by 39.9%, suggesting improved fiscal health.
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State Expense Analysis (South Dakota: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 22%
$1,792,903,000→$2,188,065,000
Per Capita Spending▲ 15%
$2,148→$2,473

Population Trends

Population Change▲ 6%
834,504 (2012)→884,659 (2021)

Public Safety Expenses

Police Protection▲ 60%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 4%
$0 (2012)→$0 (2021)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 176%
$0 (2012)→$0 (2021)
General Expenses▲ 85%
$0 (2012)→$0 (2021)

South Dakota Key Insights

  1. 1Financial Administration was the fastest growing major expense category at 176% increase
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 12%
$1,008,039,000 (2012)→$1,127,778,000 (2021)
Industrial Revenue Debt▲ 7%
$2,598,816,000 (2012)→$2,767,777,000 (2021)
Per Capita Debt▲ 6%
$1,208 (2012)→$1,275 (2021)

Population Trends

Population Change▲ 6%
834,504 (2012)→884,659 (2021)

Debt Management

Most Recent Year (2021)

Issued:$232,041,000
Retired:$213,630,000
Net Change:+$18,411,000

Debt Retirement Trend

$130,686,000 → $213,630,000▲ 63%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2021, with a move toward higher debt levels.