South Dakota

2015 Data (Released 05/03/2016)

Financial State of South Dakota

 
South Dakota owns more than it owes
At $3,300, South Dakota's “Taxpayer's Surplus” ranks 6th out of the 50 states
South Dakota is among 10 “Sunshine States” with enough assets to cover its debt
Elected officials have created a Taxpayer Surplus, which is each taxpayer's share of money available after state bills have been paid
TIA's Taxpayer Surplus measurement incorporates both assets and liabilities, not just pension debt
South Dakota has $3.1 billion of assets available to pay the state's bills totaling $2.1 billion
South Dakota has $948.1 million available after bills have been paid: $3,300 per taxpayer
Because of a new accounting rule, South Dakota now has to report its pension debt on its balance sheet. As a result, the state's reported pension debt grew from $0 in 2014 to -$275.7 million in 2015.
The state's financial report was released 206 days after its fiscal year end, which is considered untimely according to the 180 day goal
 

Prior Years' TIA Data

2014 Financial State of South Dakota

2013 Financial State of South Dakota

Other Resources

South Dakota Comprehensive Annual Financial Reports

Publishing Entity: Bureau of Finance and Management

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