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.


31° 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!

 

Panel Endorses Balanced Budget Amendment

February 6, 2012, 12:44 PM by Karen Sherman

Panel Endorses Balanced Budget Amendment
PIERRE, SD - A legislative committee has endorsed Gov. Dennis Daugaard's plan to amend the South Dakota Constitution to make it clear that the state budget must be balanced.

Jim Seward, the governor's legal counsel, says language in the constitution now implies that the state budget must be balanced. He says new language expressly requiring a balanced budget is needed to maintain the state's good bond rating, which will help get low interest rates when special authorities issue bonds for building projects.

The proposed constitutional amendment says the governor must propose and the Legislature must pass a balanced budget each year.  Reserve funds could be used to balance the budget.  If the full Legislature endorses the proposal, the proposed constitutional change will be put on the November ballot for a statewide public vote.

Previous Story

Next Story




Sponsored
Find Local Businesses on KELO Pages!

View politics

You may also like

State's Attorney Deadrick Switching To Secretary Of State

12/14/2014 11:58 AM

Charles Mix County State's Attorney Tom Deadrick will resign his current post to join the office of incoming Secretary of State Shantel Krebs.

Full Story
SD's Rounds Selected To Serve On Four Committees In Congress

12/15/2014 5:42 PM

U.S. Sen.-Elect Mike Rounds from South Dakota will serve on four committees in the upcoming Congress.

Full Story
Rounds Appoints Two To Senior Leadership Team

12/18/2014 12:01 PM

U.S. Senator-Elect Mike Rounds appointed two members to his senior leadership team.

Full Story
South Dakota Democrats Elect New Party Chairwoman

12/13/2014 3:56 PM

The South Dakota Democratic Party has elected a new leader.

Full Story
Jeb Bush To 'Actively Explore' Run For President

12/16/2014 9:27 AM

Jeb Bush is taking his most definitive step yet toward running for president.

Full Story


Events