SD Legislative Panel Looks At Revenue Prospects
by Associated Press
February 28, 2013 1:03 PM
Economists who work for the South Dakota Legislature and Gov. Dennis Daugaard say state tax collections for the next budget year are expected to be about the same as was predicted when the governor proposed a state budget in December.
The economists presented their revenue estimates to the Legislature's Joint Appropriations Committee on Thursday. The committee will use those estimates to determine how much money the state will have to spend next year.
After the Appropriations Committee finishes work on the budget bill, the Legislature plans to pass a budget for the year beginning July 1 before the main run of this year's legislative session ends next week.
The governor has proposed a $4.1 billion state budget that includes spending more than $1.3 billion from state general tax collections.