Truth in Accounting

TIA Data

2019 Financial State of South Dakota (Released 9/22/2020)

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South Dakota owns more than it owes.
South Dakota's Taxpayer Surplus™ is $3,300, 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 $3.6 billion of assets available to pay the state's bills totaling $2.6 billion.
South Dakota has $1 billion available after bills have been paid, which breaks down to $3,300 per taxpayer.
South Dakota's reported net position is overstated by $260.1 million, largely because the state delays recognizing losses incurred when the net pension liability increases.
The state's financial report was released 173 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

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 Comprehensive Annual Financial Reports

Publishing Entity: Bureau of Finance and Management

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