State Revenues in March $2 Million Lower Than Earlier Estimates

A report from the South Dakota Bureau of Finance and Management shows while state income was up over four million dollars in March, it was two million lower than the last estimate, and actual collections were only about one hundred thousand higher than estimated.

Representative Jean Hunhoff of Yankton says legislators were hoping for some stable numbers for a few months

Hunhoff, Vice Chair of the Appropriations Committee, says pressure on ag translates quickly to state tax revenues

Hunhoff says they have high expectations for a good tourism season too

The state report also shows sales taxes up over four and a half percent through nine months of the fiscal year.

 

(WNAX)