YANKTON, S.D.(WNAX)- South Dakota Governor Kristi Noem announced that the state ended the fiscal year at the end of June with a one hundred fifteen million dollars surplus. General fund revenue was seventy-two million dollars over earlier estimates and state government spending was forty two million dollars lower than estimated.
Senator Jean Hunhoff of Yankton, Co-Chair of the legislatures Joint Committee on Appropriations, says they dealt with two sets of budget estimates.
Hunhoff says the unspent dollars are a bigger concern.
Hunhoff says a lot of the revenue was generated off one time federal dollars.
The surplus was transferred to the states reserve fund which now totals over four hundred twenty two million dollars.