Two South Dakota agencies say state government is expected to end the new fiscal year in the black.
South Dakota lawmakers passed a law earlier this year requiring the Bureau of Finance and Management and Legislative Research Council to provide revenue estimates for each budget year by July 30.
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The agencies told lawmakers and the governor's office Monday that revenue is on track to exceed expenses through next June.
If either agency projects a budget shortfall of more than 2.5 percent, the new law requires them to propose ways to eliminate the gap. Any expected shortfall of 5 percent or more requires the governor to propose a solution.
Gov. Dennis Daugaard will provide the next revenue estimate in December and there will be another at the end of next year's legislative session.