Page 2 - Lance Koth News Today

A Searchlight review of budget documents, public testimony, legislation, and state laws pertaining to the fund revealed a common thread: references to the fund being intended for expenses within the state’s borders.

“She cannot use those funds for that,” Lee Schoenbeck said. “She needs to follow the law.”

The first legislative public forum in Mitchell — an hour-long discussion on the morning of Jan. 27 at the Chamber of Commerce — focused heavily on an overview of taxing and spending issues.

While South Dakota will avoid the worst of an expected nationwide recession, slowing sales tax growth and a potential tax cut could make the annual budget surplus nearly disappear by 2026.

While South Dakota will avoid the worst of an expected nationwide recession, slowing sales tax growth and a potential tax cut could make the annual budget surplus nearly disappear by 2026.

While South Dakota will avoid the worst of an expected nationwide recession, slowing sales tax growth and a potential tax cut could make the annual budget surplus nearly disappear by 2026.

While South Dakota will avoid the worst of an expected nationwide recession, slowing sales tax growth and a potential tax cut could make the annual budget surplus nearly disappear by 2026.

While South Dakota will avoid the worst of an expected nationwide recession, slowing sales tax growth and a potential tax cut could make the annual budget surplus nearly disappear by 2026.

Most lawmakers agree with Gov. Kristi Noem on her contention that record — and growing — surpluses allow the state to give dollars back to taxpayers. Exactly how to do that is up for debate.

Most lawmakers agree with Gov. Kristi Noem on her contention that record — and growing — surpluses allow the state to give dollars back to taxpayers. Exactly how to do that is up for debate.