South Carolina Needs State and Local Spending Caps

Since 2004, state spending has grown nine percent each year while family incomes in South Carolina have grown at just three percent. In that same period, the median family income in South Carolina has risen only three percent per year. Lawmakers need to limit all government spending growth to a multi-year averaged index of consumer …

Supplement not Supplant: Education Lottery Revenues

Education Lottery revenues have in many instances supplanted, not supplemented, the States spending on K-12 and Higher Education. In the former, this has meant Lottery money for basic instructional needs rather than special programs and teacher training. With Higher Education, this has caused a shell game of rerouting money through scholarships to pay for higher …

State Spending Growth Tops Southeastern Region

The Fiscal Survey of the States, a joint publication of the National Governors Association and the National Association of State Budget Officers was released this month. The reported cited South Carolinas spending growth as among the highest in the nation. Between 2006 and 2007 South Carolinas General Fund expenditures grew by 18.1 percent. South Carolina’s …

Local Government Spending: South Carolina’s Impending Fiscal Crisis

For three decades, South Carolina state and local government spending has grown faster than revenues. Annual government growth has also outpaced the per capita income growth. Three times state lawmakers have responded with swaps and reforms to the tax system. Despite the relief, the counties, cities and school districts have engaged in a perpetual increase …

Growth is Self-Financing

A recent study documented the fiscal impact of six new residential subdivisions across the state of South Carolina. After years of local governments complaining about the cost of growth these findings illustrate how the positive economic effects of such developments far exceed the short term costs incurred by their creation. The case studies in Berkeley, …