SIOUX FALLS, S.D. (KELO) — Lawmakers are reacting to criticism of a new law that caps property taxes in South Dakota. Senate Bill 216, which became law in March, was titled “An Act to reduce the growth in the assessed value of owner-occupied property.”
It was passed and then signed by the Governor on March 13th. While seen as a victory for homeowners, some city and county leaders around the state are worried they will have to make budget cuts. A sentiment echoed by Sioux Falls Mayor Paul TenHaken on Thursday.
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“The trade-off for SB 216 is we have to reduce some services to make up the $8 to 10 million,” said TenHaken.
In Sioux Falls, early cuts could include limiting library hours, limiting pool hours and closing Sioux Falls Community Health clinics…