An overview of the Fiscal Year 2018 budget proposal

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By Gov. Dennis Daugaard

The week of the annual Budget Address is always a busy time in the Capitol Building, and this year is no exception. The halls are filled with Christmas trees and with hundreds of visitors who come to see them. We also welcome newly-elected legislators, incumbents, and those whose legislative service is ending, to discuss the state budget for the upcoming year. After the address, I travel to different parts of the state for my budget tour where I lay out the good news and the bad news of South Dakota’s economy. The news came as no surprise to those who attended Tuesday’s Budget Address. Our state’s revenue for the first several months of the current fiscal year has fallen short of projections, in large part because of lower sales tax collections. Recent revenue weakness is a problem many other states share.

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