South Carolina Lawmakers Reach Budget Deal After Weeks of Negotiations
The compromise includes nearly $400 million in tax relief, no earmarks and a $50,000 minimum teacher salary, lawmakers said.
- On Wednesday, South Carolina lawmakers reached a compromise on a roughly $15 billion state budget, advancing the spending plan after weeks of stalled negotiations.
- Negotiators previously struggled to resolve disagreements over earmarks for local community projects, property tax exemptions for seniors, and a $150 million funding request for Scout Motors.
- The agreement provides nearly $400 million in tax relief, including $315 million in income tax relief and $81 million for homestead exemptions, while raising minimum teacher pay to $50,000.
- To expedite the process, lawmakers removed earmarks from the main budget, placing them into a separate fund for a newly created committee to review for future approval.
- The House and Senate must still approve the budget before it heads to Governor Henry McMaster, with final votes potentially occurring in Columbia within the next two weeks.
14 Articles
14 Articles
Lawmakers kick earmarks down road to get budget deal - Statehouse
S.C. House and Senate negotiators reached an agreement Wednesday that they say will allow both chambers to pass this year’s $15.6 billion state budget sometime in the next two weeks. But they did it more by finessing their differences than resolving them. The post Lawmakers kick earmarks down road to get budget deal appeared first on Charleston City Paper.
Index-Journal
scdailygazette.comSC budget deal gives homeowners smaller break, postpones decisions on local projects
COLUMBIA — A weeks-long budget impasse broke Wednesday with a compromise that cuts a proposed tax break for seniors and approves none of the legislator-requested earmarks for local projects — at least, not yet.
Greenville Online
The Times and DemocratState budget committee finds compromise on SC spending plan
South Carolina lawmakers advanced a $15 billion budget after weeks of stalemate over tax relief and project earmarks.
South Carolina lawmakers reach budget deal after weeks of negotiations
Twenty-two days into South Carolina’s new fiscal year, state lawmakers have reached a compromise on the state budget, clearing the way for funding priorities that include pay raises for teachers and state employees, as well as critical funding tied to SNAP benefits.
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