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Published September 08, 2011, 03:13 PM

South Dakota revenue up $11M over estimates for August

SIOUX FALLS (AP) — South Dakota finished the month of August with nearly $11 million more in revenue than officials projected.

SIOUX FALLS (AP) — South Dakota finished the month of August with nearly $11 million more in revenue than officials projected.

According to media reports, South Dakota received $9.5 million from credit card banks paying their quarterly estimates of bank franchise tax in August. State officials hadn't counted on that money.

The unexpected bump in revenue means the state is ahead of its projections for the first two months of the fiscal year by about $8.8 million.

But officials say it's too early to make adjustments or plan for more revenue in the 2013 fiscal year budget.

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