072517_YKBP_A5.pdf
Broadcaster Press 5
July 25, 2017 www.broadcasteronline.com
Budget Practices:
SD vs. DC
By Gov. Dennis Daugaard:
I have long been troubled by the federal government’s budget situation. According to the online U.S.
debt clock, which uses figures from the U.S. Treasury,
our national debt is currently at $19 trillion, or $61,346
per citizen. This crippling amount of debt is unsustainable, and it is disconcerting that future generations will
pay the price.
Though there is no end in sight for the federal deficit
crisis, South Dakotans can rest assured that our state
budget is in stable and sustainable condition. Unlike
some states, South Dakota has low tax-supported debt
and our pension liability is fully funded.
A few days ago, we closed the books on Fiscal Year
2017 with a $7.9 million surplus. This marks the sixth
year in a row that we have ended the budget year with a
surplus. With revenues coming in below projections, it
was a challenge. Since the end of the legislative session,
state revenue has been lower than anticipated, leaving
us with a $7.6 million shortfall.
In response, I directed cabinet secretaries to reduce
their spending this spring, and every state agency
reverted funds to fill the gap. Collectively, the three
branches of government spent $15.6 million less than
appropriated – with $14.4 million of savings coming from
Executive Branch agencies and $1.2 million from the
Unified Judicial System, Legislature, Board of Regents
and constitutional offices. Because of those savings, we
ended the year in the black. As required by state law,
the surplus dollars have been deposited into the budget
reserve fund.
In a time when the federal government and many other states are borrowing, adopting rosy projections, or
employing budget gimmicks to perpetuate overspending,
South Dakota is acting responsibly. There will always be
cries to spend more, but the state cannot spend money
it doesn’t have.
That’s why every year we work hard to keep our
budget structurally balanced, with recurring spending
supported only by recurring revenues. It’s one reason
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that last monthyouAAA credit rating was reaffirmed
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enues are used for capital projects, or to invest in a way
that will reduce ongoing expenses. It’s like adding insulation to your attic to reduce utility bills.
Regardless of what is going on at the federal level, the
State of South Dakota will continue to employ practices
that reflect the responsible values of its citizens.
Rounds Applauds USDA Decision To Open Sensitive
CRP Acres For Emergency Haying And Grazing
WASHINGTON –U.S. Sen. Mike Rounds (R-S.D.) today
made the following statement in support of the U.S.
Department of Agriculture’s (USDA) decision to open
sensitive Conservation Reserve Program (CRP) acres
for emergency haying and grazing, effective today, July
20, 2017, for additional counties in South Dakota. USDA
is adding the ability for farmers and ranchers in these
areas to hay and graze CRP wetland and buffer practices. More information can be found on the U.S. Drought
Monitor.
“Secretary Perdue understands the severity of the
drought situation facing farmers and ranchers in South
Dakota, and I thank him for continuing to provide additional tools to help producers during these tough
times,” said Rounds.
Last month, Rounds and Sen. John Thune (R-S.D.)
wrote to USDA Secretary Sonny Perdue urging him to
provide timely assistance to counties currently facing
extreme drought conditions.
For CRP practices previously announced, including those authorized today, USDA is allowing this
emergency action during and after the primary nesting season, where local drought conditions warrant in
parts of South Dakota that have reached D2, or “severe”
drought level or greater according to the U.S. Drought
Monitor. This includes counties with any part of their
border located within 150 miles of authorized counties
in the state, and may extend into surrounding states. All
emergency grazing must
end Sept. 30 and emergency
haying must end Aug. 31.
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