Legislators and governor make competing proposals to take money from housing fund

Gov. Larry Rhoden speaks on Oct. 24, 2025, at the Sioux Falls Regional Airport in South Dakota while announcing a proposal to fund airport expansion projects. (Photo by Joshua Haiar/South Dakota Searchlight)

SIOUX FALLS — 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…

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