Lawmakers Expect South Dakota Revenue Growth
February 24, 2012, 9:47 AM
PIERRE, SD -
The legislative committee putting together South Dakota's next state budget has decided that an improving economy will provide more revenue than had previously been expected.
Members of the Joint Appropriations Committee also said Friday the Legislature should be cautious in spending the extra money because rising gas prices and other factors could cause the economy to stall.
The committee adopted revenue estimates that show tax collections for the current year will be about $12 million more than Gov. Dennis Daugaard predicted when he presented his proposed budget three months ago. The panel expects revenue for next year will be about $10 million higher than the governor had predicted.
The committee will finish work on the budget next week and submit it for approval by the House and Senate.
© 2012 Associated Press. All rights reserved. Material may not be redistributed.
7/29/2014 10:42 AM
South Dakota investigators were closing in on former South Dakota Secretary of Tourism and State Development Richard Benda when he committed suicide l...
7/29/2014 5:54 PM
South Dakota authorities were about to charge former Secretary of Tourism and State Development Richard Benda with embezzlement and grand theft when h...
7/29/2014 5:53 PM
An independent candidate for governor says he plans to sue the South Dakota Secretary of State.
7/31/2014 12:52 PM
August 1 brings a gaggle of new laws for Minnesota, ranging from the little-discussed (such as establishing Cesar Chavez Day in Minnesota every March ...
7/27/2014 12:02 PM
Supporters of a bill that transfers ownership of nine historic cemeteries in the Black Hills from the federal government to local communities celebrat...