User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


10° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Back to all news

Politics

Find local businesses
on the KELO Pages!

 

Adelstein: Tax Increase Would Fund Education

February 3, 2012, 5:59 PM by David Brown

Adelstein: Tax Increase Would Fund Education
As soon as this summer, the sales and use taxes in South Dakota could each go up one percent.

It's all part of a plan to help education funding in the state and according to the bill's sponsor, it could help other issues in the future.

Senator Stan Adelstein is the primary sponsor of Senate Bill 120, which would immediately increase the sales tax from four to five percent but only for the months of June, July and August. That would continue each summer until September 2015. Adelstein believes it's a feasible option that can help make up the budget woes in the school system, especially out west.

Adelstein sent out a letter this week indicating the need for more education funding is urgent, especially for his constituents in Pennington County. That's why he's proposing a temporary summer adjustment in sales taxes.

"Rapid City's school system represents about ten percent of the total statewide support," Adelstein said. "This will raise somewhere between $50 and $65 million."

And Adelstein wants to use $30 million of that pie from the general fund on a one-time education funding basis. He says the state will be more than able to allocate that money because of all the tourism that comes in during the summer.

"I've taken $30 million of those proceeds, given it to the state to go back to make up the losses for the cuts in 2012 and 2013," Adelstein said. "And that will literally wipe out Rapid City's shortfall and some other towns as well."

Adelstein believes the need is so pressing that he declared an emergency within the actual wording of the bill.

"An emergency bill takes effect immediately when passed. So, we'd collect the June money this year," Adelstein said.

Adelstein says the increased taxes are only for three summers and he sees no reason to go any longer.

"I really don't think it'll be necessary because the state is growing and we have a lot of other programs," Adelstein said. "And I think the United States will recover as well."

A lot of people have been asking Adelstein if it's a one-time payment for education funding, why does the tax go for three summers? He says it'll allow the state to solve other problems in the future such as health care costs.

The bill is scheduled for a hearing by the Senate Taxation committee on Monday at 10 a.m.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View politics

You may also like

Supporters Vow To Get Medical Marijuana On 2016 Ballot

11/23/2014 10:15 AM

A collection of South Dakota supporters gathered in Sioux Falls today to try and add the Rushmore State to that list.

Full Story | Watch
Obama Says Time For Immigration Changes Is Now

11/20/2014 7:21 PM

President Barack Obama is telling the American people that the time to change the nation's immigration system is now, and he's taking action t...

Full Story
Rounds Picks Committees, Has Immigration Concerns

11/20/2014 4:16 PM

Republican Senator-elect Mike Rounds is expressing concerns over President Barack Obama's expected administrative actions on immigration.

Full Story
Thune Wants Visa Ban From Ebola-Affected Countries

11/20/2014 8:13 PM

U.S. Sen. John Thune has joined other Republicans in calling for a temporary visa ban on those attempting to travel to the U.S. from Ebola-affected co...

Full Story
Deadwood Bets On Gaming Once Again

11/26/2014 7:55 PM

Twenty-five years after voters approved gaming in Deadwood, residents are turning back to casinos as the historic mining town works to reinvent itself...

Full Story


Events