AP Survey: SD Lawmakers Like Balanced Budget Plan
January 2, 2012, 10:43 AM
PIERRE, SD -
A survey by The Associated Press indicates South Dakota lawmakers are likely to endorse Gov. Dennis Daugaard's proposed constitutional amendment that would require a balanced state budget.
About 70 percent of the lawmakers responding to the survey said they support Daugaard's plan to require that the governor propose and the Legislature pass a balanced state budget every year.
Officials have long said the constitution requires a balanced budget. But those words are not actually in the document, which instead limits state debt and provides for taxes to wipe out any deficit.
If the Legislature approves the governor's suggestion, the proposed amendment would be placed on the November ballot so voters statewide could decide whether to change the constitution.
Daugaard says the change would improve the state's bond rating.
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