SD tax revenue to stay in highway fund

| Friday, March 23, 2007

South Dakota Gov. Mike Rounds vetoed a bill that would have moved fuel tax revenue away from the state's highway fund and into a fund used for soil and conservation programs.

In his veto statement, Rounds said that while he supports conservation, the state's highway fund can't afford to give up money that is badly needed for its highway system.

Rounds said the highway fund is in a bit of a financial crisis because of federal funding reductions last year, according to media reports. What's more, he said future federal funding is "at best uncertain, so the state needs to keep the highway funds where they are."

 

Comments