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Headlines
Ex-Penn State president tops highest paid list
Presidents of public universities are taking home bigger paychecks, and a growing number are raking in more than $1 million.
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Headlines
What if the Internet Sales Tax Doesn't Make it Through Congress?
Some states are so anxious for the anticipated revenues they've already committed the money to various projects.
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Headlines
Williams: Marketplace Fairness Act and Internet taxes are not the answers to state budget problems
Bob Williams: Hoping for more federal stimulus or hoping the feds will allow taxes on the Internet will not solve the budget crises the states currently face. The problem is spending, not revenue.
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Headlines
State Pension Litigation Update, May 2013
In attempts to reign in the costs of pensions, state lawmakers legislate pension reform. Challengers to those reforms often bring suit, alleging violations of state law, contracts, and the Constitution.
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Headlines
Study shows Medicaid has little positive effect on health outcomes
While the debate about Medicaid expansion continues on in several states, a recent study reveals that new beneficiaries may use their new health coverage more often, but won't actually be much healthier because of it.
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Budget timeline: Annual
Fiscal Year starts: July 1
The current state budget can be found here.
Find the legislative session calendar here.
Find the current legislative leaders here.
Gov. Dennis Daugaard
Office of Governor Dennis Daugaard
500 East Capitol Avenue
Pierre, SD 57501
Phone: (605) 773-3212
Fax: (605) 773-5844
http://www.state.sd.us/governor/
Jason Dilges, Commissioner
Bureau of Finance and Management
500 East Capitol Avenue
Pierre, South Dakota 57501
Phone (605) 773-3411
Fax (605) 773-4711
www.state.sd.us/bfm
bfminfo@state.sd.us
Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities.
South Dakota is required to pass a "balanced budget." Section 4-7-10 of the State law requires the budget report to include ways expenditures are supported by revenues. Section 4-8-23 requires the governor to keep expenditures in proportion to revenues throughout the fiscal year, so as not to result in state debt. South Dakota law forbids the carrying over of a deficit from one year to the next. It is difficult to determine if this law is followed, because the State does not budget revenues.
The State maintains several individual governmental funds, of which the major ones are: the General Fund, Transportation Fund, Social Services Federal Fund, Dakota Cement Trust Fund, and Education Enhancement Trust Fund. The budget is prepared principally on a cash basis. Three of the major funds are budgeted: the General Fund, the Transportation Fund, and the Social Services Federal Fund. [from the Institute for Truth in Accounting]
Find the state's bond ratings here.
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Medicaid :
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HEADLINES
Study shows Medicaid has little positive effect on health outcomes
While the debate about Medicaid expansion continues on in several states, a recent study reveals that new beneficiaries may use their new health coverage more often, but won't actually be much healthier because of it.
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HEADLINES
State of the State Addresses: What Are Governors' Priorities?
Job creation and education served as central themes throughout most governors' speeches, while many also touched on pension reform and Medicaid expansion.
- View All South Dakota articles
K-12 Education :
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RESEARCH
The School Staffing Surge: Decades of Employment Growth in America's Public Schools, Part II
Public schools grew staffing at a rate four times faster than the increase in students over that time period. Of those personnel, teachers' numbers increased 252 percent, while administrators and other non-teaching staff experienced growth of 702 percent, more than seven times the increase in students.
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HEADLINES
Common Core Standards could costs states
Change is coming to American K-12 education in the form of the Common Core Standards (CCS) and implementing them could costs states billions.
- View All South Dakota articles
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Solutions:
How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps
State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.
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Solutions:
How to Prevent Future Pension Crises
The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.
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Solutions:
State Lawmaker’s Guide to Evaluating Medicaid Expansion Projections
Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.
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Solutions:
Medicaid Is Broken—Let the States Fix It
Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.
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Solutions:
The Case for Reform: Prisons
Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.
- View All Solutions
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State Pension Litigation Update, May 2013
In attempts to reign in the costs of pensions, state lawmakers legislate pension reform. Challengers to those reforms often bring suit, alleging violations of state law, contracts, and the Constitution.
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GAO finds growing state, local fiscal gap with Medicaid to blame
Closing the gap to achieve fiscal balance over 50 years will require "action to be taken today and maintained for each year equivalent to a 14.2 percent reduction in the state and local government sector's current expenditures."
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In Congress, a Bill Seeks to Tie Municipal Borrowing Power to Public Pension Disclosure
Representatives from California and two other states introduced a bill in Congress on Thursday that would strip states and cities of their right to issue tax-exempt bonds unless they first disclosed the true cost of their pension plans and whether they could pay it.
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States move along different roads to tackle underfunding dilemma
More states are enacting measures to help improve the solvency of their public pension funds as funding ratios remain low.
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GASB changes to boost pressure for pension reform, Fitch report says
Impending changes in Governmental Accounting Standards Board standards in 2014 and 2015 should increase public pressure on decision-makers to reform state and local government pension plans, according to a report from Fitch Ratings.
- View All Pensions
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BLOG: Higher Education, Spending
Who is the highest paid state employee in your state?
Time to add a new diagram to the state budget and policy playbook--your state's highest paid employee is probably a football or basketball coach.
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BLOG: Medicaid
Medicaid expansion won't yield quality health care
The bombshell Oregon Medicaid study released this week should give all states pause as they consider plans to expand Medicaid under the Affordable Care Act. States must now ask what the point of Medicaid is in the first place.
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BLOG: Federal Government Impact
Federal Sequestration Turns Into State Budget Cuts
As the federal government continues to make cuts due to sequestration, several states will find that a major revenue source is quickly drying up. Mineral lease and royalty payments to states for the oil, gas, and other energy production done on federal lands within their borders are set to be cut through the entire sequestration period.
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BLOG: Budget Gimmicks, Budget Processes and Systems, Measures to Balance Budgets, Spending, State Debt
Let's Put Privatizing Municipal Services Back on the Table
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BLOG: Unions
Airing Out the Smoke-filled Rooms: Bringing Transparency to Public Union Collective Bargaining
To help prevent union strong-arming that fleeces taxpayers, we should know precisely what public union officials are demanding and what government employers are offering in any collective negotiation about employment terms and conditions.
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