State Revenue

You are currently browsing the “State Revenue” sub-category.

HB1182 Raising Teacher Salaries – how much would taxes change for your Agricultural Operation?

Raising sales tax by 1/2 cent will raise about $107 million dollars.  And decreasing property tax will cost about $40 million dollars.  But how much will your agricultural operation pay to support the change?  You can figure that out by answering two questions.

Question 1:   What is my agricultural land … Read more

HB 1182 Raising teacher salaries – how much would taxes change for your household?

The combination of property tax savings and sales tax increases will affect each household differently.

Raising sales tax by 1/2 cent will raise about $107 million dollars.  And decreasing property tax will cost about $40 million dollars.  But how much will your household pay to support the change?  You can … Read more

WHO PAYS increased SD sales taxes to raise teacher salaries?

There is broad consensus in South Dakota that teacher salaries need to be competitive to attract and retain good teachers – but who is going to pay for it? Two options have been floated thus far to fund the increase. Some in-depth fiscal analysis and charting helps clarify the difference … Read more

One win and one loss on new funding proposals for SD counties

Counties still have a funding bill alive in SD legislature

thumbs up

Passed:   SB 2   Purpose: revise the distribution of the revenue from the alcoholic beverage fund

 

thumbs down  Killed:    HB1006 Purpose: authorize counties to impose sales and use taxes

 

 

Although South Dakota’s House State Affairs committee killed  HB1006 – a Read more

County Government – SD Legislature’s summer study report

New bills being considered by legislature flow from County Summer Study report

SD Legislators studied County Government over the 2015 interim.  Their report is listed below.

  County Government Study Interim Committee   Page 9

Study Assignment

A review of the functions of county government, laws and regulations regarding counties, county revenue … Read more

A federal balanced budget amendment sounds so reasonable – Why isn’t it?

A Federal Balanced Budget Amendment doesn’t make fiscal sense for South Dakota

At risk:  Federal Budget Spending is $8.2 billion in South Dakota

Fiscally responsible federal budgeting can and should be achieved through prudently balanced taxation and spending policies without a Constitutional Amendment requiring a balanced budget.  A Constitutional Amendments … Read more

Who Pays state and local taxes in South Dakota?

South Dakota is often touted as a low tax state.  It is, for some families.  Not so much for others.

What makes the difference?  See the latest analysis. http://www.itep.org/pdf/whopaysreport.pdf

Family income drives the overall percentage of income paid in state and local taxes in South Dakota.

2015 ITEP ChartThe 20% of South … Read more

Long term funding trends in South Dakota k-12 education

Long Term funding trends in SD k-12 EducationRead more

South Dakota’s revenue estimation process

New revenue projections adopted by SD 2014 legislature for FY14 and FY15 budgets:

$1,348,309,187—FY14 ongoing revenue estimate ($5.4 million less than Governor’s 12/3/13 budget estimate)

$1,391,836,433—FY15 ongoing revenue estimate ($1.9 million less than Governor’s 12/3/13 budget estimate) 

South Dakota’s revenue estimation process:    Budget DevelopmentHistory of South Dakota Revenue Estimates

The South Dakota budget revenue estimate Read more

What will happen to extra $96 million in SD unclaimed property?

Policy Brief – Unclaimed Property Receipts in South Dakota

The South Dakota legislature’s fiscal year 2014 revenue estimate projected unclaimed property receipts at $24 million. 

Last week SD State Treasurer Sattgast announced the state received $125 million in FY14 unclaimed property and the Division of Unclaimed Property confirmed the net … Read more

Next Page »