Governor Reluctant to Use Reserves to Cover Shortfall

If sales tax numbers continue to slide in South Dakota, one option to fill in any budget gap would be to use the reserve fund.

Governor Dennis Daugaard says using those funds could harm the states “Triple A” bond rating. He says that rating has helped school districts save a lot of money

Daugaard says the rating indicates how the state’s finances are being managed

Daugaard says there is a great benefit in keeping the high rating

The latest report shows sales taxes about ten million dollars below projections.