PIERRE, S.D. (KELO.com) — A legislative hearing convened with the intention of discussing cuts to the state’s “Future Fund” quickly evolved into a harsh critique
of the current administration’s handling of the fund’s resources.
Lawmakers defeated a proposal by one vote aimed at reducing the fund’s allocation by one-tenth of a percent.
Committee members in particular scrutinized Governor Kristi Noem’s use of the funds, highlighting a $2.5 million
dollar allocation for a rodeo in Sioux Falls last year.
South Dakota’s Future Fund was established by Gov. George Mickelson in 1987 for the purpose of bolstering economic development in the state.
