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South Dakota state budget (2008-2009)
South Dakota was facing a $27 million budget gap for fiscal year 2009. The Center on Budget and Policy Priorities projected a larger deficit for fiscal year 2010, $32 million.[1]
On March 18, 2009 the governor signed the $3.9 billion state budget for FY 2010.[2]
Budget background
- See also: South Dakota state budget and finances
South Dakota's fiscal year begins July 1 and ends June 30 of the following year. State law requires annual preparation and approval of the state's budget and, according to the State Constitution, the budget is required to be balanced before approval. The governor presents the annual budget to the legislature by the first Tuesday following the first Monday in December. Both the House and the Senate are then required to approve a budget by the end of the legislative session. The governor has the power to veto individual line items in the budget approved by the legislature.[3]
Throughout the fiscal year, the state budget must remain in balance and state agencies are not allowed to request additional funds. However, the commissioner of the Bureau of Finance and Management has the authority to authorize intradepartmental transfers of funds so long as the total spending levels are not exceeded. Transfers must first be accepted by the legislature's Interim Appropriations Committee.[3]
Budget figures
The following table provides a history of South Dakota's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $3.8[4] | $23.1[4] |
| 2001 | $4.0[4] | $23.9[4] |
| 2002 | $4.3[4] | $26.4[4] |
| 2003 | $4.4[4] | $27.4[4] |
| 2004 | $4.6[4] | $29.5[4] |
| 2005 | $5.0[4] | $30.5[4] |
| 2006 | $5.2[4] | $32.0[4] |
| 2007 | $5.4[4] | $33.9[4] |
| 2008 | $5.7[4] | $36.0[4] |
| 2009 | $6.0*[4] | $38.1*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
Legislation
- South Dakota Senate Bill 143 (2009)[5]
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," March 13,2009
- ↑ Associated Press, "Governor signs $3.9 billion state budget," March 18,2009
- ↑ 3.0 3.1 State of South Dakota, "Budget Overview," accessed March 25,2009
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "South Dakota State and Local spending," accessed March 25,2009
- ↑ South Dakota Senate Bill 143 (2009): Bill Status
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