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

Freezing rain switching to snow Sunday evening through Monday.

 

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Daugaard: 'Hint Of Promise' In State Budget

September 12, 2011, 4:56 PM by Ben Dunsmoor

Daugaard: 'Hint Of Promise' In State Budget
SIOUX FALLS, SD - The possibility of South Dakota schools seeing an increase in funding during the next session is looking better.

In his first nine months as South Dakota governor, Dennis Daugaard had to propose a lot of controversial cuts to balance a state budget with a multi-million dollar deficit.

At Monday's Downtown Rotary Club lunch in Sioux Falls, Daugaard said there are signs of hope for the upcoming budget. Right now, he says the state has nearly $9 million more than expected in the budget.

"It's very early, but there's a hint of promise," Daugaard said.

State agencies are starting to put together the numbers, and sales tax revenue is up two percent for the first two months of the budget cycle that started in July. But, even though the legislature predicted it would be up three percent, the state is still in the black because an unexpected $9.5 million that was paid out in bank franchise tax by the state's credit card companies.

"The bank franchise is up so strongly that it's off-set that and then some, so we're about $9 million ahead of where we thought we'd be after two months of the 12-month year," Daugaard said.

And with that news in mind, state agencies are now starting to submit proposals for the next budget, which will be revealed in December.

Daugaard says the Department of Education is asking that the legislature stick to the school funding formula, something that hasn’t been done the last two years.

"The Department of Education for example is submitting a request to fully fund the school funding formula and whatever else they might have in increased costs," Daugaard said.

But while there are some positive signs, Daugaard has asked state agencies not to be too bold with their requests.

"Don't add back all the cuts that were made in the FY12 budget because those cuts were to balance out our revenue with our income and we need to remain balanced, so don't come in with big requests," Daugaard said.

Daugaard will deliver his next budget address December 6.

Previous Story

Next Story


Comments







Sponsored
Find Local Businesses on KELO Pages!

You may also like

Dominic Fischer Found Dead During Search

12/17/2014 12:07 PM

Searchers discovered the body of Dominic Fischer in a field on Wednesday.

Full Story
Alexis Vanbochove Has Passed Away

12/17/2014 10:47 AM

According to her family, 4-year-old Alexis Vanbochove passed away early Wednesday morning.

Full Story
Grain Bin Collapses In Britton

12/14/2014 5:55 PM

A grain bin in Britton, SD collapsed this afternoon. No one was injured.

Full Story
Rapid City Police Search For Three Men Following Violent Home Invasion

12/17/2014 8:20 PM

Rapid City Police are searching for three suspects after a violent home invasion Wednesday afternoon.

Full Story
Man Missing After Vehicle Slides Into Ditch

12/16/2014 9:50 PM

Dominic Fischer was one of three people in a vehicle that slid into a ditch due to bad road and weather conditions, several miles north east of M...

Full Story


Events