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.


67° 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




 
Find Local Businesses on KELO Pages!

View politics

You may also like

Pro-Marijuana Group Planning Protest At State Fair

8/26/2014 6:08 AM

Supporters of medical marijuana and industrial hemp are planning on staging a protest Friday that will begin at the South Dakota State Fair.

Full Story
Sorenson Pleads Guilty To Charge From GOP Caucuses

8/27/2014 1:54 PM

Former Iowa state Sen. Kent Sorenson pleaded guilty to federal charges stemming from his switch of support from one Republican candidate for president...

Full Story
Few Attend Medical Marijuana Protest At State Fair

8/29/2014 6:00 PM

A protest promoting the legalization of medical marijuana Friday didn't turn out the numbers organizers were expecting.

Full Story | Watch
Wismer Asks For Another Lawmaker To Sit In For Her

8/27/2014 3:07 PM

The Democratic candidate for South Dakota governor is asking that another member of her party sit in on a committee looking into reported misconduct w...

Full Story
SD Dems Want In-Person Testimony On EB-5

8/26/2014 11:25 AM

South Dakota Democrats want Governor Dennis Daugaard and former Governor Mike Rounds to testify in person and under oath about the immigrant investor ...

Full Story


Events