Siouxland Flood Worries Abate, Rain and Tariffs Hurting Ag Economy, 12:04

Jun 3, 2019

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Flood concerns in Siouxland are fading.  After cresting at 30.32 feet early Saturday morning, the Missouri River had fallen more than half a foot as of Sunday afternoon and is expected to continue dropping over the next few days.

Data accumulated by the National Weather Service station in Sioux Falls shows the Missouri River had been at flood stage – 30 feet in depth – since around 8 a.m. Friday. The river dropped below flood stage early Sunday morning around 6.

Regardless, the waters of the Missouri are still standing at Scenic Park. Other portions of the riverfront remain flooded as well.

A new report says a May survey of business supply managers suggests economic growth will slow over the next three to six months in nine Midwest and Plains states.

The report issued Monday says the Mid-America Business Conditions Index dropped to 54.3 last month from 55.9 in April. The figure was 58.2 in March.

Creighton University economist Ernie Goss oversees the survey, and he says tariffs and flooding have harmed several states. 

With the 2019 session now over, the Republican governor says he plans to meet with key lawmakers this summer in search of a new property tax compromise before the Legislature reconvenes in January.

But Nebraska Governor Pete Ricketts is standing firm in his opposition to any proposal that lowers one tax by raising another.

The main plan championed by lawmakers sought to lower property taxes by raising the state's sales tax and eliminating dozens of sales tax exemptions on a variety of goods and services.