Tag Archives: budget

Legislators: Law on Budget Process has been Ignored

A handful of legislators surveyed by The Nerve says the General Assembly has failed to adhere to state law when crafting South Carolina’s annual budget. “It was brought to my attention at the end of the last session that the … Continue reading

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Veto on Sprawling Capital Reserve Fund Overridden

S.C. House members wasted little time drawing a line in the sand regarding Gov. Nikki Haley’s budget vetoes, as evidenced by the fact that they quickly voted to override her capital reserve fund veto early Wednesday. The Senate followed suit … Continue reading

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‘Extra Session’ Dustup Could Eclipse Vote to Nix BCB

In a perhaps unprecedented move, the S.C. Senate has voted unanimously to abolish the unique, long-criticized hybrid of the executive and legislative branches of state government that is the Budget and Control Board.

In doing so, however, the Senate set itself on a collision course with Gov. Nikki Haley in a showdown that could end up being decided by the third branch of state government – the judiciary. Continue reading

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Davis: S.C. Needs a Spending Cap

Davis tells a Midlands-area high school class that he’s in favor of a cap that would be based on population plus inflation growth. “Any money above and beyond that ought to be sent back to the private sector,” he says. Continue reading

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Davis: Legislative Arrogance a Problem

State Sen. Tom Davis tells a Midlands-area high school class that he believes part of South Carolina’s problems come from arrogance on the part of its elected officials. Continue reading

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Senator Eyes Budget Cuts, Tax Refunds

S.C. Sen. Tom Davis wants to cut next year’s proposed state budget by at least $149 million and have that money refunded to South Carolina taxpayers. The senator’s proposed cuts and rebates could be twice that amount, or closer to $300 million, based on calculations he attributes to Senate Finance Committee staff. Continue reading

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‘Angel’ Tax Credits Would Cost $5 Million a Year

A bill to give tax breaks to wealthy “angel” investors would exact a $5 million toll on the state’s coffers every year, according to a revenue impact statement for the legislation. That’s $5 million annually deprived from the general fund, … Continue reading

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