So where does Governor Rounds find the political genius to craft a state budget with a spending increase of $23.9 million but no new taxes?
Oh, this just in: the voters (that's us) already handed him the new taxes. The cigarette tax increase we voted into effect last year has generated a 136% increase in tax revenue, a $35 million dollar increase to a total of $61 million in eleven months. At the same time, the smokes tax has had its other promised effect, decreasing sales by 9 million packs and an estimated concomitant 20% reduction in smoking [see Perry Groten, "SD Tax Hike Lowers Smoking," KELOLand.com, 2007.12.22].
Raise taxes, raise revenue, and produce positive social effects? Heck of a deal. A little social engineering gives the governor more fiscal wiggle room to smile and say "No new taxes!" But Governor Rounds -- where'd the other $11.1 million (the difference between the raised revenue and your proposed budget increase) go?
Congrats to Cameron Stalheim!
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I have often told people we have world class artists in Sioux Falls, and
Cameron is one of them! Cameron Stalheim was awarded the juried 3D category
prize ...
17 hours ago
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