South Dakota Gov. Kristi Noem is trying to win over the Republican-controlled Legislature with details of her plan to enact a historic repeal of the state’s tax on groceries.
South Dakota Gov. Kristi Noem takes part in a panel discussion, Nov. 15, 2022, in Orlando, Fla. Gov. Noem is looking to convince lawmakers that the state can afford a historic tax cut as she lays out her vision for the state budget Tuesday, Dec. 6, 2022 but a number of big-ticket budget items and financial pressures are also weighing on lawmakers' minds. – South Dakota Gov.
Some Republicans are also pushing a plan to reduce property taxes on people’s homes by replacing revenue from property taxes that would go to schools with state funds. The governor has estimated that repealing the state tax on groceries would cost about $100 million and argued that state revenue growth can cover it. Revenue growth this year has been $76 million more than the Legislature's adopted projections, and the state ended the last fiscal year in July with a $115 million surplus.
But lawmakers are also cautioning that those years of plenty — when millions of dollars went to upgrading university campuses — could soon be over.could take a toll on state budget revenues in the coming year and inflation has already left budget holes to fill, said Sen. Lee Schoenbeck, a Republican who presides over the Senate.
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