Governor Says Rainy Day Fund Will Cover Flood Costs

     PIERRE, S.D. (AP) - South Dakota Gov. Dennis Daugaard says the
state's rainy day fund will cover flood prevention costs, so no
spending cut or tax increase will be needed.
     Daugaard says the state has spent about $10 million in the first
two weeks of work to prevent flooding in Pierre, Fort Pierre and
the Dakota Dunes area in southeastern South Dakota. He says the
Federal Emergency Management Agency is likely to reimburse the
state for about 75 percent of that cost.
     The governor says the state has $107 million in reserves, which
should be more than enough to cover the total cost of fighting the
rising water on the Missouri River.
     Daugaard says cities may face high bills for the
flood-prevention effort, but FEMA will also reimburse them for much
of the cost.