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FOR IMMEDIATE RELEASE
March 19, 2026
Contact: Josie Harms
Gov. Rhoden Signs Budget Bills into Law
PIERRE, S.D. – Today, Governor Larry Rhoden signed five budget bills into law, including HB 1326, the general appropriations act for Fiscal Year 2027. You can find a photo of Governor Rhoden signing HB 1326 here.
“We do a lot of things right in South Dakota. When it comes to fiscal responsibility, we are second to none,” said Governor Larry Rhoden. “This is the 137th year in a row that we have delivered a balanced budget! We recognize these dollars aren’t ours – they belong to the people of South Dakota, and I am proud of our commitment to invest them wisely.”
South Dakota has a AAA credit rating from every major credit rating agency, is one of only three states with a fully-funded pension program, and has a constitutional requirement that the budget be balanced.
Governor Rhoden also signed the following four bills:
- SB 74 transfers moneys to the general fund from the budget reserve fund and the general revenue replacement fund, and declares an emergency;
- SB 78 revises the General Appropriations Act for fiscal year 2026;
- SB 119 creates the capitol restoration fund and transfers moneys thereto; and
- HB 1051 revises property tax levies for school districts and revises the state aid to general and special education formulas.
HB 1051 is the levy bill that is part of the package that delivers the largest property tax cut in South Dakota’s history. The bill cuts the mill rate on the statewide general education levy by 1.68, meaning that for every $1,000 in taxable value on a South Dakota home, the property taxes will decrease by $1.68. You can learn more about the historic property tax cut, which the Governor previously signed into law, here.
Governor Rhoden has signed 190 bills into law and vetoed one this legislative session.
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