The report of gloomy budget projections is in The Rapid City Journal.
A fight looms over education funding. SD ranks last in national per student funding. At the same time, the state scores highly (top 10 nationally as recently as 2004) on comparative measures of academic achievement.
South Dakota has been somewhat sheltered from the national economic downturn, but housing starts and prices are beginning to stall and fall. State business and finance data are here (scroll down for links to the most current figures).
h/t South DaCola