Gov. Noem praises state revenue growth, aims to invest with budget surplus
PIERRE, S.D. — Gov. Noem went before lawmakers on Tuesday, touting the state’s COVID response and it’s effect on the budget – saying the state has never seen such revenue growth in the last 30 years.
She says an additional 125-million dollars are available for one-time spending between bolstered tax revenue and coronavirus relief funds. These dollars are on top of the quarter-billion in one time funds, initially laid out in Noem’s budget in December. She suggests putting 50-million in trust funds for long term investments.
With the rest, she aims to boost economic longevity for the state, and invest as previously planned.
“Whatever action we take with this money needs to fix something for 20 to 30 years or longer. That is why I am proposing important infrastructure investments like broadband, the brittle fund, dam repair, and radio tower equipment,” said Gov. Noem.
Noem is asking lawmakers to push through a needs-based scholarship endowment of 50-million dollars, as well as reinforce budget priorities, such as the Huron Dakota Events Complex and upgrading state aircraft.