PIERRE, S.D. –Governor Larry Rhoden has signed five budget bills into law, including HB 1326, the general appropriations act for Fiscal Year 2027.

The bill funds state government for fiscal year 2027, which begins July 1.

The bill includes a 1.4 percent increase for K-12 education and technical colleges, a 1.4 percent increase for community-based providers, and a 1.4 percent increase for state employees.

Rhoden says 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.

Rhoden also signed into law SB 74, which transfers money to the general fund from the budget reserve fund and the general revenue replacement fund, and declares an emergency, as well as HB1051, 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.

Governor Rhoden has signed 190 bills into law and vetoed one this legislative session.