Post by Logan on Mar 3, 2016 16:13:41 GMT -6
After more than two hours of debate, South Dakota senators voted 25-10 Tuesday to increase the state sales and use tax to 4.5 percent. The tax has been 4 percent since 1969.
Republican Gov. Dennis Daugaard asked for the higher tax as part of a plan to raise the average teacher salary in public schools to $48,500 and get South Dakota out of last place nationally.
Teachers on average will see raises of about $8,000 apiece, but local school boards will set the actual amounts.
The legislation earmarks the proceeds 63 percent for increasing state aid to public schools, 34 percent for additional property-tax relief and 3 percent for raising instructor salaries at the four public technical institutes.
Read more: www.capjournal.com/news/sales-tax-increase-gets-final-senate-approval/article_c309d992-e031-11e5-8ffc-f3e6f02355e2.html
Republican Gov. Dennis Daugaard asked for the higher tax as part of a plan to raise the average teacher salary in public schools to $48,500 and get South Dakota out of last place nationally.
Teachers on average will see raises of about $8,000 apiece, but local school boards will set the actual amounts.
The legislation earmarks the proceeds 63 percent for increasing state aid to public schools, 34 percent for additional property-tax relief and 3 percent for raising instructor salaries at the four public technical institutes.
Read more: www.capjournal.com/news/sales-tax-increase-gets-final-senate-approval/article_c309d992-e031-11e5-8ffc-f3e6f02355e2.html