A look at SC's local government fund

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by The Associated Press

WCNC.com

Posted on January 31, 2013 at 8:52 PM

COLUMBIA, S.C. (AP) -- South Carolina law requires the state budget to provide local governments with 4.5 percent of the previous year's state tax collections. However, legislators have suspended that rule since 2008. A look at the local government fund in the following fiscal years: 

2006-07: $249 million, 4.5 percent 

2007-08: $280 million, 4.5 percent 

2008-09: $261 million, 4.2 percent, after $19.5 million mid-year budget cut 

2009-10: $230 million, 3.6 percent, after $83,000 mid-year budget cut 

2010-11: $203 million, 3.7 percent 

2011-12: $183 million, 3.4 percent 

2012-13: $213 million, 3.7 percent 

Sources: SC Budget and Control Board and House Ways and Means

 

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