A legislative committee has endorsed Gov. Dennis Daugaard's plan to amend the South Dakota Constitution to make it clear that the state budget must be balanced.
Jim Seward, the governor's legal counsel, says language in the constitution now implies that the state budget must be balanced. He says new language expressly requiring a balanced budget is needed to maintain the state's good bond rating, which will help get low interest rates when special authorities issue bonds for building projects.
The proposed constitutional amendment says the governor must propose and the Legislature must pass a balanced budget each year. Reserve funds could be used to balance the budget.
If the full Legislature endorses the proposal, the proposed constitutional change will be put on the November ballot for a statewide public vote.
Christine Rousselle - Maine Man Who Shot Intruder Robbing Him Told to Give Up His Gun
War on cops: Female officer in Penn. assaulted and thrown over guardrail after stopping to help disabled vehicle
Homemade Gunpowder from What? - Bearing Arms - Video
Hugh Hewitt to Trump: Do you know who the Quds Force is? - Hot Air
Kim Davis Should Have Done This | RedState
How to Write a New York Times Op-Ed in Three Easy Steps | Human Events
Political Calculations - What Is Your U.S. Income Percentile Ranking?