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State Rep. Mike Stevens warns Yankton board about budget limits, explains educational savings account mechanics
Summary
Representative Mike Stevens told the Yankton School Board that one‑time COVID funds are largely gone and warned that new, ongoing programs could make the state budget not 'structurally balanced'; he also explained that placing an educational savings account in the Department of Education budget affects the voting threshold needed to pass it.
Representative Mike Stevens briefed the Yankton School Board on the upcoming legislative session and cautioned that the state budget outlook will constrain new, ongoing program spending.
Stevens said one‑time federal COVID funds have largely been spent and estimated the legislature will have about $44 million in new revenue while facing roughly $86 million in mandatory…
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