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South Dakota Ends Fiscal Year in the Black

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South Dakota Ends Fiscal Year in the Black

The State of South Dakota ended the fiscal year in the black, and was able to transfer about twenty four million dollars to the reserve fund. That now stands at over one hundred fifty eight million dollars.

That follows major budget cuts of up to ten percent in the 2011 legislative session.

Representative Susan Wismer of Britton, a member of the Appropriations Committee, says the extra dollars came at a high price.  

Wismer says there was an overreaction to the recession in 2011.

 Wismer says looking back, there were enough revenues to cover those budget gaps in 2011.

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