One week after presenting his budget plans to lawmakers, South Dakota Governor Dennis Daugaard is taking it to the people.
On Monday morning, he told folks in Rapid City, South Dakota's economy is improving, but the growth is still slow enough to warrant continued caution when state legislators consider the budget in Pierre in January.
Daugaard says a slight surplus in revenues and a surprising amount of unclaimed property funds have allowed him to be more creative with his plan this year.
“So, we can provide an increase this year that can be sustained in fiscal year 15, 16 and future years. And that's something that local governments, school districts and Medicaid providers can build into their budgets,” Daugaard said.
Daugaaard says strong farm income helped insulate South Dakota from the worst impacts of the recent recession.
But non-farm income suffered, so he only expects to see two to three percent economic growth next fiscal year.