South Dakota closes fiscal year with a $69 million surplus as $7.5 billion budget begins
South Dakota ended FY2026 with a $69 million surplus, but the money moved to reserves rather than automatic tax cuts or new ongoing spending.
South Dakota
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South Dakota Closed FY2026 With a $69 Million Surplus. What Happens to the Money?
South Dakota ended FY2026 with a $68,895,361 general fund surplus. Most of the money came from budgeted spending that was not used, and the state transferred it to reserves rather than issuing automatic rebates or tax cuts.
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South Dakota Gov. Larry Rhoden Wins Republican Primary Runoff
Unofficial results show Larry Rhoden defeating Toby Doeden in South Dakota’s first gubernatorial runoff. He will face Democrat Dan Ahlers on November 3 for a full four-year term.
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South Dakota Seeks Federal Disaster Aid for Storm Damage in 8 Counties and 2 Reservations
Gov. Larry Rhoden has asked for federal aid after June and July storms caused an estimated $4.56 million in eligible public-infrastructure damage. The request remains pending.
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South Dakota Schools Gain Federal Education Flexibility, With Limits
South Dakota can consolidate certain federal education funds through 2029 and approve selected district waivers through 2030-31, but core rules remain.