Gov. Dennis Daugaard’s administration says lower-than-expected tax collections will require a lean state spending plan for South Dakota’s upcoming budget year. He says the latest data shows state revenues down again
The Governor says it’s not that revenues are going down so much as they’re rising very slowly
He says the latest news means the state will have to tighten the belt a bit and, if things don’t improve, cuts may be necessary next year
Daugaard says he’s not planning to support any new taxes since the state already did that a couple times already with the gas tax and teacher pay. He says that, despite revenues being down, the state is still in good shape, managing to balance the budget every year: (dl 110)
The Governor is expected to release his budget in December.
(KWAT)