• PIERRE, S.D. (AP) -- South Dakota likely won't see as much money come in next year as was projected when Gov. Dennis Daugaard proposed his state budget in early December, state economists told the Legislature's budget-writing committee Monday.
• Even though a growing economy is expected to boost the collections of sales tax, the state's largest general revenue source, collections from the bank tax and unclaimed property are predicted to fall, the economists said.
• Jim Terwilliger, an economist for the governor's budget office, predicted ongoing general state revenue will be about $8.4 million below projections for the current year and about $6 million lower than expected for the next budget year, which begins July 1. Aaron Olson, a financial analyst for the Legislature, also predicted revenue will fall short of the December projections -- by about $6 million this year and $4 million next year.
• Though the projected shortfalls are a tiny portion of the nearly $1.4 billion general fund budget, Senate Appropriations chair Deb Peters, R-Hartford, said the estimates are a "little sobering."
• The Joint Appropriations Committee planned to make a formal decision later Monday or early Tuesday on how much revenue to expect, which they'll use to determine the size of next year's budget.
• The House and Senate plan to pass the budget by Friday, the final day of the main run of this year's legislative session.

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