How to spend $100M among tasks for SD lawmakers - KSFY News - Sioux Falls, SD News, Weather, Sports

How to spend $100M among tasks for SD lawmakers

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PIERRE, S.D. (AP) - South Dakota lawmakers gathering in Pierre Tuesday for the new session expect to spend a lot of time examining the complex state budget the governor proposed.

Gov. Dennis Daugaard wants to use a $70 million windfall in unclaimed property payments to give 3 percent increases in school aid, payments to health care providers in the Medicaid program and raises for state workers.

The governor seeks to use more than $100 million available on a one-time basis from reserves and unclaimed property to pay off bonds and fund an economic development account early. That would free up money on an ongoing basis to support education and other priorities next year.

State law would require only a 1.6 percent inflationary increase for school aid.

 

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