According to the National Association of State Budget Officers, South Carolina?s state government spent over $19.6 billion dollars in 2007, an increase of more than nine percent over the 2006 budget. Nearly twenty cents of each dollar spent went to public K-12 education. In addition to the $3.8 billion in state money, local governments were estimated by the Budget and Control Board to contribute an additional $7.5 billion of their own money in 2006 -or 65 percent of total local spending by cities, counties; and school districts. This money, once raised by local property taxes, will now be collected by the state in the form of additional sales tax revenues.
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Posted: March 20, 2008 by South Carolina Policy Council
According to the National Association of State Budget Officers, South Carolina?s state government spent over $19.6 billion dollars in 2007, an increase of more than nine percent over the 2006 budget. Nearly twenty cents of each dollar spent went to public K-12 education. In addition to the $3.8 billion in state money, local governments were estimated by the Budget and Control Board to contribute an additional $7.5 billion of their own money in 2006 -or 65 percent of total local spending by cities, counties; and school districts. This money, once raised by local property taxes, will now be collected by the state in the form of additional sales tax revenues.
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Category: Transparency