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Gov. Dennis Daugaard delivers his budget proposal for the 2015 fiscal year to the South Dakota Legislature on Tuesday afternoon in the House Chambers at the Capitol in Pierre. (Sean Ryan/The Daily Republic)

How much is enough in reserves? Daugaard says 10 percent seems right

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PIERRE — With state government’s budget reserves at an all-time high, Gov. Dennis Daugaard laid out a new policy Tuesday.

He told legislators the target amount should be 10 percent of general-fund spending.

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