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 purchasing power or the cost of consumer goods and services.
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South Carolina Needs State and Local Spending Caps
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Posted: January 18, 2008 by South Carolina Policy Council
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 purchasing power or the cost of consumer goods and services.
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Category: Budget