South Dakota’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $454 million higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $951 million too much.
  • The 2023 all funds budget is $866 million higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $4.8 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $3.99
  • FY 2025 Only State Funds Budget Limit ($ Billions): $4.26
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 6.53%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $494
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $1,977
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $1,035
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $4,139

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $6.28
  • FY 2025 All Funds Budget Limit ($ Billions): $6.69
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 6.53%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: $942
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: $3,770
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: $5,237
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: $20,950

Other Considerations