Thursday,  October 25, 2012 • Vol. 13--No. 100 • 26 of 35 •  Other Editions

(Continued from page 25)

•Daugaard's replacement plan would take 22 percent of the receipts from the contractor's excise tax and put the money into a fund that a state board could use for incentive grants. The governor said that would allow the board to limit grants to companies that would not otherwise build in South Dakota.
•Democrats said the estimated $16 million a year earmarked for the program would be better spent on schools and other priorities.
•BALANCED BUDGET
•Voters also will have the final say on Daugaard's proposed constitutional amendment to require a balanced state budget.
•The South Dakota Constitution now has provisions limiting state debt and providing for an emergency tax to wipe out any deficit. Daugaard says that shows a balanced budget is intended, but the language is imprecise. His amendment says the governor must propose and the Legislature must pass a budget in which spending does not exceed anticipated revenues and other available funds.
•Opponents contend the amendment is not needed and could encourage overly optimistic revenue estimates that lead to deficits.
•The Legislature has proposed three additional constitutional amendments that would revise provisions related to corporations, increase reimbursements for lawmakers' mileage during their first and last trips to the Capitol during each legislative session, and revise the distribution of money from a trust fund set up with the proceeds of the 2001 sale of the state cement plant.

Measurable snow expected in parts of the Dakotas

•RAPID CITY, S.D. (AP) -- A storm system crossing the Northern Plains is brining measurable snowfall to parts of the Dakotas.
•National Weather Service meteorologist Scott Rudge tells the Rapid City Journal that an inch or two of snow has accumulated in the northern Black Hills area. And snow is starting to stick in the grassy areas across the Rapid City area and the southern Black Hills.
•The National Weather Service says 3-7 inches of snow is expected in the Black Hills of western South Dakota, with 1-3 inches on the plains in that region. A winter weather advisory is in effect until 10 p.m.
•Snow also is expected in southern North Dakota, though meteorologist Adam Jones in Bismarck says the maximum will be only about an inch.

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