PIERRE, S.D. (MITCHELLNOW) For a second straight year, South Dakota legislators are dealing with falling sales tax revenues following several years of plenty. Those revenues are the driver for the state budget. Economist Derek Johnson of the Bureau of finance and Management briefed the appropriations committee on the latest numbers. At the same time, federal funding is being reduced, so the committee has its hands full dealing with the impact. If revenues continue to fall and go too far, the legislature will have to consider revising the budget. For more Government stories from MitchellNow.com, Click Here
South Dakota Legislature Grapples with Falling Sales Tax Revenue for Second Year
South Dakota lawmakers face another year of declining sales tax revenues, a key source for the state budget. Economist Derek Johnson from the Bureau of Finance and Management reports that federal funding is also dropping, putting added pressure on the appropriations committee. If revenue losses continue, legislators may be forced to revise the state budget to address the shortfall.
