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Tony Venhuizen: “In a normal year, you expect revenue growth of 3, 4, maybe…”

Featuring: Tony Venhuizen, Republican | Lieutenant Governor of South Dakota

History of South Dakota Governors with Tony Venhuizen | In The Moment

Published December 3, 2024 | Video Starts at 30:40

Yeah. And, and even in the pre pandemic time, this would have been a little on the tough side. Really? We've had years like this before, but In a normal year, you expect revenue growth of 3, 4, maybe 5%, and we're not there right now. Yeah. Anything else that. Yeah, I think we talked about that. The budget of the future, but she's not necessarily going to be here to. (30:40–30:47)

CLAIM

Asserts that current revenue growth is below the typical 3-5% expected in a normal year.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Tony Venhuizen

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“Mitch McConnell, who he's replacing, is the longest-serving Senate leader in the history of the Senate.”
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“Mitch McConnell...held that job for 18 years.”
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“We've had two other times where a governor has left office midterm.”
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“Dick Knipe resigned to be ambassador to Singapore the summer of his last year in office.”
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“Governor George Mickelson died in a plane crash April of 1993.”
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“Those [budget requests] come into the Bureau of Finance and Management, which is the budget office, late summer.”
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“Her nomination has been announced by Donald Trump.”
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“The U.S. senate, the new U.S. senate convenes January 3rd.”
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“Senator Rand Paul of Kentucky, who's going to be chair of the Homeland Security Committee.”
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“We have a budget address on December 3 that is always delivered by the governor.”
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“Our legislative session starts the second Tuesday of January, which this year is the 14th.”
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“Donald Trump becomes president on the 20th.”
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“Larry Rhoden takes over as the governor.”
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“The governor appoints a replacement [for Lieutenant Governor], subject to confirmation by a majority vote of both houses, the House and the…”
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“When Governor Mickelson died, there was actually a special session held several weeks later to confirm a new lieutenant governor.”
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“Lieutenant Governor Rhoden is from West River Union Center, a very small town.”
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“Clinton P. Anderson was a Secretary of Agriculture in the 1940s in the Truman administration.”
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“Tom Daschle was nominated by Barack Obama to be Secretary of Health and Human Services in late 2008.”
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“Governor Knipe resigned to be ambassador to Singapore.”
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“Governor Sigurd Anderson served on the Federal Trade Commission.”
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“Nils Bowe worked in the White House and then was a judge on the Customs Court.”
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“George T. Mickelson was the Federal District Judge here in Sioux Falls.”
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“Kristi Noem will be departing just days, over six years that she'll have served out of the eight.”
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“Larry's background is in ranching, and he also has had a welding business.”
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“He'll only be the fifth west river governor.”
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“Larry would be just the third [governor] who has served in the South Dakota National Guard.”
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“There have been seven lieutenant governors who have gone on to be elected governor.”
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“There are two who have seceded to the governorship, Harvey Wolman and Walter Dale Miller, neither of whom went on to be elected.”
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“Larry Rhoden will be the third lieutenant governor to step up into the governorship.”
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“John Thune was elected to the Senate. He defeated Tom Daschle, who had been a three-term US Senator from South Dakota.”
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“South Dakota has maybe not had as much influence...as we're about to, between having the Senate majority leader and Kristi Noem in the…”
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“The budget process really starts in the spring, early summer. All the state agencies work on putting together their individual requests.”
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“By Thanksgiving or so, it [the budget] needs to be decided so that the budget staff can write the budget book.”
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“This could be a challenging budget this year. We've had several years because of fast economic growth, inflation, federal money coming…”
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“The sales tax in July was down almost 6% from a year ago.”
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“The three months since then have been about flat.”
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“A lot of our other revenues are down.”
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“The farm economy is a little tough right now.”
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“This could be a pretty slim year for the state budget.”
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“I don't think this is the year for large new spending programs. The money's just not there.”
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