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There’s no pot of gold for South Dakota’s state budget
Last week (Jan. 21), Democrats in the South Dakota Legislature responded to Gov. Dennis Daugaard’s budget plan by presenting one of their own. While they are willing to accept about $42 million of the $127 million in budget cuts Daugaard proposed, they strongly disagreed with his plan to cut $55 million from education and $30 million from health care services for the needy. They proposed spending the state’s $107 million in reserves over the next three years, taking unspecified amounts from state trust funds beyond the normal interest earnings, and possibly reaching into state government’s cash flow account. Continue Reading