Governor Dennis Daugaard brought his budget explanation tour to Huron Wednesday. Daugaard presented the budget with the same slides and presentation he used to tell lawmakers about his plan to cut spending by 10-percent and eliminate the structural deficit. Following the presentation Daugaard was asked if a temporary tax increase would be a good way to improve revenue streams…
The Governor says there is growth in tax revenue…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/01/dennyxroads2.mp3|titles=dennyxroads2]Daugaard anticipates the bank franchise tax to increase but says construction revenue has not yet recovered…
[audio:http://prprt.itmwpb.com/wp-content/uploads/sites/688/2011/01/dennyxroads3.mp3|titles=dennyxroads3]Daugaard is hopeful gradual increases can be made to areas where cuts have been made after the structural deficit is eliminated.