Officials Say SD County Could be Facing Bankruptcy

Bennett County South Dakota on Map

 

RAPID CITY, S.D. (AP) – Officials in Bennett County say the county might go broke if residents vote down a measure to raise property taxes.

Voters will go to the polls Tuesday to decide whether to opt out of a state-imposed tax limitation that caps a property tax increase at 2.1 percent next year.

If the vote is approved, it would allow the county commission to keep the $350,000 it has built into its $1.8 million budget for 2014.

County commission chairman Rolf Kraft tells the Rapid City Journal that the county will face almost certain bankruptcy if voters reject the measure.

Kraft says passage of the amendment would give the county time to seek solutions for its financial crisis, which could include help from the federal government.


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