You are browsing the archive for Budget Address.

Governor’s budget tour hits Mitchell

January 24, 2011 in The Daily Republic

Gov. Dennis Daugaard does not support law changes to abolish structural deficits or place annual limits on state government spending, he said Monday.
Last week, during his budget address to the Legislature in Pierre, the new governor proposed $127 million in cuts to eliminate the state’s structural deficit. A “structural” deficit exists when a budget is balanced with money from sources such as reserves, while ongoing expenses remain greater than ongoing revenue. Continue Reading

Area schools see fiscal forecast come true

January 20, 2011 in The Daily Republic

An ominous funding forecast came true for area school officials Wednesday when Gov. Dennis Daugaard announced a 10 percent cut in state aid.
The Associated School Boards of South Dakota sent a memo to districts on Jan. 7, warning them of a potential 10 percent cut in state aid in education from the Daugaard administration.
For small districts such as Sanborn Central that officials said have reduced their budgets as much as possible, it doesn’t leave much room. Continue Reading

Mitchell superintendent: 10 percent funding drop ‘worst-case’ scenario

January 20, 2011 in The Daily Republic

In his first state budget address from Pierre on Wednesday, South Dakota Gov. Dennis Daugaard proposed $60 million in cuts for state funding to K-12 education. The chop is among $127 million in statewide cuts outlined by the governor.
The roughly 10 percent cut delivered a “worst case” budget scenario for Mitchell schools, said Superintendent Joe Graves, and will amount to roughly $1.2 million in reduced funding for the Mitchell School District. In previous comments, Graves had remained hopeful the cuts would be no more than 5 percent. “We’re going to have to make reductions,” he said Wednesday. Continue Reading

Legislators will consider options to balance books

January 20, 2011 in The Daily Republic

PIERRE Among legislators Wednesday, the talk began immediately about ways to bring state government’s budget back into balance, other than directly following the 10 percent-plus cuts proposed across the board by Gov. Dennis Daugaard in his speech to the Legislature.
“I would have made some deeper cuts, and leave education alone, and not affect programs that get federal matching money,” Rep. Frank Kloucek, D-Scotland, said. Continue Reading

Governor proposes $127 million general fund cut in speech to Legislature

January 20, 2011 in The Daily Republic

PIERRE Two weeks into his new administration, Gov. Dennis Daugaard stood alone before a joint assembly of the Legislature Wednesday and called for budget cuts of at least 10 percent throughout the state government departments and offices under his control.
“The gun is at our head,” he said. “I’m tired of looking at death from a thousand paper cuts.” Continue Reading