A proposed change to a comprehensive bipartisan economic development plan would kick start the effort with $7 million from the state's general fund.
Building South Dakota would be funded on an ongoing basis by a portion of the contractors' excise tax collected on large projects and some of the unclaimed property that the state receives from abandoned bank accounts.
Senate President Pro Tem Corey Brown says much of the bill's funding wouldn't kick in until the next fiscal year or later, and the one-time money will help get it started.
Brown says another major change would add a safety valve, withholding spending if projected ongoing revenues would be insufficient to fund education, Medicaid and state employee costs.
A negotiating committee plans to consider the proposed changes Thursday morning.
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Thursday, December 12 2013 8:59 PM EST2013-12-13 01:59:17 GMT
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Thursday, December 12 2013 7:05 PM EST2013-12-13 00:05:50 GMT
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Thursday, December 12 2013 5:07 PM EST2013-12-12 22:07:29 GMT
Jason Todd Garreau
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Thursday, December 12 2013 4:17 PM EST2013-12-12 21:17:46 GMT
The city is recognizing businesses that employ individuals with disabilities.Wednesday, Mayor Mike Huether recognized Camille's Sidewalk Café, Hy-Vee, Lowe's and TJ Maxx as the first disability-friendlyMore >>
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Thursday, December 12 2013 2:49 PM EST2013-12-12 19:49:48 GMT
South Dakota philanthropist T. Denny Sanford has pledged a $10 million matching grant to speed work on the mammoth Crazy Horse Memorial mountain carving. The gift announced Thursday follows a $10 millionMore >>
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