December 7, 2010 at 2:26 am in The Daily Republic
PIERRE Revenue from South Dakota’s sales and use taxes isn’t growing fast enough to offset problems elsewhere in the economy, especially in the banking and credit card sectors, and public schools could face a 5 percent funding cut as a result, Gov. Mike Rounds said Monday.
Rounds told reporters he will ask the Legislature today to consider cutting the base amount of per-pupil funding for K-12 schools by about $240 per student, from the current $4,804.60 to $4,564.37, for next school year. Continue Reading