News

SD Sales Tax Dip Could Impact Bond Rating

SD Sales Tax Dip Could Impact Bond Rating

Photo: WNAX


If sales tax numbers continue to slide in South Dakota, one option to fill in any budget gap would be to use the reserve fund.
Governor Dennis Daugaard says using those funds could harm the states “Triple A” bond rating. He says that rating has helped school districts save a lot of money…..

Daugaard says the rating indicates how the state’s finances are being managed……

Daugaard says there is a great benefit in keeping the high rating…..

The latest report shows sales taxes about ten million dollars below projections.

Recent Headlines

18 hours ago in Local

SALEM RESIDENTS INVEST OWN MONEY IN NEW SUBDIVISION

SALEM, S.D. (Bart Pfankuch / South Dakota News Watch) – In an effort to build new housing that will help…

18 hours ago in Local

UNCERTAINTY STILL REIGNS AS SOUTH DAKOTA’S MONTHLY SNAP PAYMENT DAY ARRIVES

PIERRE, S.D. (John Hult and Seth Tupper / South Dakota Searchlight) – The South Dakota Department of Social Services says it…

2 days ago in Local

SOUTH DAKOTA BOARD OF REGENTS NAMES NEW PRESIDENT FOR NSU

ABERDEEN, S.D. – The South Dakota Board of Regents has appointed of Alan D. LaFave, D.M.A., as the next President of…

2 days ago in Local

SIOUX CITY SCHOOL DISTRICT SUPERINTENDENT PLACED ON PAID ADMINISTRATIVE LEAVE

SIOUX CITY (KTIV) – After hours in a closed session, the Sioux City Community School District announced that Superintendent Dr.…

6 days ago in Local

MEDICAL MARIJUANA RIFT WIDENS AS OVERSIGHT PANEL CONFUSES AND UPSETS INDUSTRY WITH SLATE OF MOTIONS

PIERRE, S.D. (Joshua Haiar-South Dakota Searchlight) – The rift between an oversight committee and the state’s medical marijuana industry widened Tuesday…