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Lawmakers set to consider revenue targets for budgeting

PIERRE (AP) -- State economists are projecting South Dakota will bring in less money than anticipated when the governor prepared his budget in December, but they're still expecting positive future economic growth.

PIERRE (AP) - State economists are projecting South Dakota will bring in less money than anticipated when the governor prepared his budget in December, but they're still expecting positive future economic growth.

The Legislature's budget-writing committee is expected to set revenue targets on Wednesday.

State lawmakers will then use those numbers to decide how much money the state has to spend for the current and upcoming budget years.

State Economist Jim Terwilliger says he still expects "positive, slow economic growth." But he says the rate is lower than what officials expected in December.

That's in part because sales tax collections have been lower than Gov. Dennis Daugaard's administration had hoped they would be.

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Terwilliger says the softening agricultural economy has led to lower spending on farm equipment, which means lower sales tax collections.

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