What’s Driving Property Tax Changes in South Dakota?
In South Dakota, property taxes make up around 75% of local government tax revenue and about 25% of the overall state and local tax revenue (U.S. Census Bureau 2021 Annual Surveys of State and…
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viewing: Research and Analysis
New Insights into South Dakota’s Population Change
Domestic Migration Domestic migration is a key driver of population growth in South Dakota. As noted in last spring’s article on population change, South Dakota has largely experienced positive and increasing net domestic…
South Dakota’s Tax Base is Changing
South Dakota doesn’t have a personal or corporate income tax. Instead, the foundation of South Dakota’s public finance system rests heavily on sales and property taxes. This article delves into the intricacies of the…
Regional
Are South Dakotans Ready for Student Loan Payments to Resume?
In March of 2020, the US government initiated an interest-free payment pause on student loans under the Trump Administration. This sweeping policy action affected over 40 million borrowers who were no longer required to…
Regional
Real Incomes and Hourly Earnings on the Rise
South Dakota’s personal income growth was strong in the first quarter of 2023, with its 5.1% inflation-adjusted annualized growth rate more than four times the national growth rate. Part of the rapid growth reflected…
Momentum Holds but Economic Uncertainty Rising
Sometimes I like to think of the macroeconomy as an oceangoing container ship. There’s a lot of mass in those ships, a lot of momentum. The largest of these ships are nearly 450 yards…
Housing Demand Remains Strong Despite Increased Borrowing Costs
Mortgage rates, the ever-powerful forces shaping the dynamics of the US housing market, remain at the forefront of activity as we push into the latter half of 2023. The first half of the year…
Labor Markets Continue to Run Hot
The labor market outlook continues to defy gravity. In our last issue, we shared how national and state labor markets generally outperformed expectations. We also discussed historic data revisions that indicated labor markets were…
How We Track Housing Affordability
Affordable housing has emerged as a critical issue impacting individuals, families, and communities in South Dakota and across the United States. While the overall US housing market has experienced a noticeable slowdown in recent…
Regional
CO2 Pipelines Would Significantly Impact South Dakota Economy
The South Dakota Ethanol Producers Association worked with the Dakota Institute to analyze the potential economic impacts of two large CO2 pipeline projects. The pipelines would collect CO2 byproducts of corn-based ethanol production and…
Consulting
Economic Impact
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