LEGISLATORS AND GOVERNOR MAKE COMPETING PROPOSALS TO TAKE MONEY FROM HOUSING FUND

SIOUX FALLS, S.D. (Joshua Haiar and Seth Tupper / SD Searchlight) – South Dakota Gov. Larry Rhoden and a group of legislators — including one seeking his job — made rival proposals this week to shift millions in state housing infrastructure funds to other purposes.

On Wednesday, a legislative task force working on property tax reduction advanced 19 ideas that could become legislation this winter. The ideas include taking the roughly $65 million remaining in the state’s housing infrastructure fund and pairing it with money from the state’s budget reserves to provide $500 individual property tax credits to homeowners.

On Friday, Rhoden said he wants to use $30 million of housing infrastructure money to offer interest-free loans of up to $15 million each for expansion projects at the Sioux Falls and Rapid City airports…

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