The South Dakota Board of Regents discussed potential challenges in securing all the funds they requested from the state at their recent meeting.
Pam Roberts, a member of the board, highlighted concerns regarding state revenue, noting that both sales and excise tax revenues have decreased. This was shared by the state’s budget director, Jim Terwilliger.
As a result, the economic outlook for additional funds for the Board of Regents is uncertain. Board members acknowledged this financial warning and indicated they will consider it in their future planning.