KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

Debate Continues On Referred Law 14



Bookmark and Share

When you get to the polls, you'll have the chance to vote yes or no on Referred Law 14. The law would provide grant money to larg companies looking to build in the state. But not everyone agrees with how the fund would be implemented and where the money would come from.

Approved as House Bill 1230 in the legislature, there's been enough opposition, and enough signatures to put the measure on the November ballot. By voting yes to now Referred Law 14, you would say yes to establishing the 'Large Project Development Fund'. The fund is something the Sioux Falls Area Chamber of Commerce is all about.

Bob O'Connell from the Sioux Falls Areas Chamber of Commerce says, "It gives us a chance to incent local companies to expand, South Dakota companies to expand or to bring in other companies from outside the state."

If it passed, beginning in January, 22 percent of contractors' excise tax revenues would be transfered from the state's general fund to the new development fund. That money would provide grants to companies building large projects in the state. To be eligible for the grants, your project must cost $5 million or more. Ultimately, it's up to the South Dakota Board of Economic Development to decide who recieves one.

O"Connell said, "You have to show that you're going to stay here and that you're going to spend money here and that you're going to create jobs here."

But others like Democratic State Representative Bernie Hunhoff of Yankton says that's part of the problem, there's no transparancy and no accountability.

Rep. Hunhoff said, "You can track, that the companies who are getting big, government grants in South Dakota are also making very large contributions to the ruling party in Pierre."

He also doesn't believe in taking money from the general fund which he feels should go to education, health care and other essential goverment services.

Rep. Hunhoff said, "We all agree there's never enough money there for the schools and we cannot bleed money from the fund for large corporate projects like this."

However controversial, it's now up to the voters to decide what happens next.

The two groups also disagree on how much the program would cost. The chamber says it would cost about $17 million. Rep. Hunhoff says it would cost about two to three times more.
< Prev Story Back To Top Next Story >
     

Judge Rules On Evidence In Pierre Teen's Trial

A judge has ruled on what evidence can be presented during the upcoming trial of a ...

Transportation Funding Panel To Meet In Pierre

South Dakota lawmakers will take input next week in Pierre on the state's ...

Restaurant Won't Pass Higher Wage To Workers

A St. Paul restaurant chain that dipped into employee tips to offset a higher state minimum ...

Presentation Gets Shot At Regaining Accreditation  Aug. 21

Federal Jury Convicts Man In Large Drug Bust  Aug. 21

El Riad Shrine To Host Midwest Shrine Association  story with video  Aug. 21

Weiland Calls Rounds 'Senator' In Forum Gaffe  Aug. 20

U.S. Senate Debate Surrounds EB-5 Scandal   story with video  Aug. 20

Iowa Mother Charged After Girl Becomes Pregnant  Aug. 20

SD Gubernatorial Candidates Square Off   story with video  Aug. 20

South Dakota Hunger Report Released  story with video  Aug. 20

Students Issued Chromebooks For Year Ahead  Aug. 20

SD Groups Form Alliance Against Pipeline  Aug. 20

SD Man Sentenced Over Worker Lead Poisoning  Aug. 20

Suspect Tried To Push Woman Into Lake  Aug. 20

South Dakota Students Score Well On ACT Exam  Aug. 20

Neunaber's Father Died Of Natural Causes  Aug. 20

Rapid City Teacher Faces Child Porn Charges  Aug. 20

Uranium Mine Hearings Continue In Rapid City  Aug. 20

Man Convicted Of Murdering 2 People In Sioux City  Aug. 20

KDLT News Archive
     

Iowa Mother Charged After Girl Becomes Pregnant

Authorities say a central Iowa woman faces a child ...

Suspect Tried To Push Woman Into Lake

Sioux Falls Police are looking for a 19-year-old man ...

Neunaber's Father Died Of Natural Causes

(KTIV) The Plymouth County Sheriff released the ...

Rapid City Teacher Faces Child Porn Charges  Aug. 20

U.S. Senate Debate Surrounds EB-5 Scandal   story with video  Aug. 20

South Dakota Hunger Report Released  story with video  Aug. 20

Students Issued Chromebooks For Year Ahead  Aug. 20

Man With 200 Bags Of Heroin Sentenced To Prison  Aug. 20

KDLT News Archive
     

Explorers quick start too much for Birds  story with video

Sioux Falls, SD-- The Sioux Falls Canaries were dogged by timely ...

Scheels Plays of Week from August 11th-17th  story with video

Zach Borg has your Scheels Plays of the Week from August 11th-17th. ...

Bougher pitching well for Railcats  story with video

Former Jackrabbit Stephen Bougher has had a solid second season in the American ...

Birds go extras behind Kirby-Jones HR's  story with video  Aug. 19

MMA Fights finally come to South Dakota  story with video  Aug. 19

Kluwe, Vikings Reach Settlement To Avert Lawsuit  Aug. 19

Softball season is underway  story with video  Aug. 18

Talcott adds amateur title to resume  story with video  Aug. 18

KDLT Sports Stories
     
Back To Top