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South Carolina state budget (2008-2009)

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Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances.


State Information


South Carolina was facing a budget deficit for fiscal year 2009 and fiscal year 2010. For FY 2009 South Carolina was facing a $871 million deficit. The Center on Budget and Policy Priorities projected the deficit would be $725 million for FY 2010.[1][2] Since July 2008, $1 billion had been cut from state spending and the budget had fallen to $6.1 billion. State revenue in January 2009 was estimated to be $80 million lower than 2008.[3]

Budget background

See also: South Carolina state budget and finances

South Carolina's fiscal year begins July 1 and ends June 30 of the following year. Agency budget requests are submitted to the governor by October, after which the governor compiles his recommendation for the new fiscal year. Every January the governor is required to submit an executive budget to the legislature containing an itemized plan of proposed expenditures, the amount appropriated for the last preceding appropriating year, and for the current year. Following a series of meetings the House and the Senate pass a version of the budget. If both versions do not match, a six-member conference consisting of both House and Senate members is assembled. The governor has the final say on the budget and has the power to veto sections. In 1998 the state Supreme Court ruled that the governor could not strike individual sentences. A two-thirds majority is needed in both houses to override the governor's veto.[4]

  • From 2004 to 2008, the South Carolina legislature's spending increased by 40 percent.[5]
  • FY 2006-07 and FY 2007-08 combined, the General Assembly spent an additional $1.3 billion in surplus revenues.[6]

The South Carolina Policy Council hosted Governor Sanford and Sen. Tom Davis to reveal the Council's analysis of the fiscal year 2008-2009 budget.[7] The Council's analysis broke the budget into three categories:

General funds

(from tax revenues)

Other funds

(from agencies' fines and fees)

Federal funds
$6.7 billion[7] $7 billion[7] $7.1 billion[7]
  • Total budget for FY 2008-2009 was $20,858,215,743 billion.[8]
  • Over $3.3 billion went to K-12 and higher education.[8]
  • The state had over 62,000 employee positions.[8]
  • The state had two rainy day funds.[8]

Budget figures

The following table provides a history of South Carolina's budgeted spending in recent years. Figures are based on the budgets as they were ratified by the legislature, and do not take budget cuts into account:

Fiscal year Total expenditures Change from previous year
2008 20,858,585,100[9] 2.9%
2007 20,266,849,917[10] 5.3%
2006 19,242,459,434[11] 6.7%
2005 18,033,783,808[11] 7.2%
2004 16,818,721,431[11] 9.0%
2003 15,424,866,119[11] 2.4%
2002 15,060,995,600[11] 2.2%
2001 14,730,477,146[11] 6.1%
2000 13,889,209,525[11] n/a

See also

Footnotes

  1. ↑ Center on Budget and Policy Priorities, "State Budget Troubles Worsen," March 13,2009
  2. ↑ Business Week, "States in Worst Budget Trouble," accessed March 23,2009
  3. ↑ Associated Press, "SC Budget Problem Could Grow To $1.6 Billion," January 8, 2009
  4. ↑ Children's Trust of South Carolina, "Budget Process," accessed March 23,2009
  5. ↑ Wall Street Journal, "Two Governors and the GOP Future," February 20, 2009
  6. ↑ State of South Carolina, "Executive Budget: fiscal years 2009-2010," January 9,2009
  7. ↑ 7.0 7.1 7.2 7.3 South Carolina Policy Council, "Governor Joins Policy Council to Unveil Budget Report," February 20, 2009 (dead link)
  8. ↑ 8.0 8.1 8.2 8.3 South Carolina Office of State Budget, "Frequently Asked Questions"
  9. ↑ [http://www.scstatehouse.gov/sess117_2007-2008/appropriations2008/tas87.htm South Carolina General Assembly, "H. 4800: General Appropriations Bill for fiscal year 2008-2009"]
  10. ↑ South Carolina General Assembly, "H. 3620: General Appropriations Bill for fiscal year 2007-2008"
  11. ↑ 11.0 11.1 11.2 11.3 11.4 11.5 11.6 Office of State Budget, "Historical budget information for each state agency?" September 13, 2006
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