Truth in Accounting

South Dakota

TIA Data

2022 Financial State of South Dakota (Released 10/11/2023)

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South Dakota owns more than it owes.
South Dakota's Taxpayer Surplus™ is $6,900, and it received a "B" from TIA.
South Dakota is a Sunshine State with enough assets to cover its debt.
Elected officials have created a Taxpayer Surplus™, which is each taxpayer's share of money available after state bills have been paid.
TIA's Taxpayer Surplus™ measurement incorporates both assets and liabilities, not just pension debt.
South Dakota has $6 billion of assets available to pay the state's bills totaling $3.9 billion.
South Dakota has $2.1 billion available after bills have been paid, which breaks down to $6,900 per taxpayer.
South Dakota's reported net position is understated by $150 million, largely because the state delays recognizing gains resulting from decreases in retirement liabilities.
The state's financial report was released 183 days after its fiscal year end, which is considered untimely according to the 180 day standard.
 

Prior Years' TIA Data

2021 Financial State of South Dakota

2020 Financial State of South Dakota

2019 Financial State of South Dakota

2018 Financial State of South Dakota

2017 Financial State of South Dakota

2016 Financial State of South Dakota

2015 Financial State of South Dakota

2014 Financial State of South Dakota

2013 Financial State of South Dakota

2012 Financial State of South Dakota

2011 Financial State of South Dakota

2010 Financial State of South Dakota

2009 Financial State of South Dakota

Other Resources

South Dakota Annual Comprehensive Financial Reports

Publishing Entity: Bureau of Finance and Management

IN THE NEWS
Financial Transparency Score 2024

APRIL 23, 2024

Truth in Accounting has once again created a transparency score for the financial reporting by state governments to encourage the publication of transparent and accurate government financial information.

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