Category Archives: SC Budget

Haley Budget Priorities: Savings and Tax Cuts but Not Schools

Posted on January 15, 2012 by The Ruoff Group

Although state funding for our local schools is $600 million short of what our funding formula (the Education Finance Act) calls for and state economists project nearly a billion dollars in available additional revenue , Governor Nikki Haley’s first Executive … Continue reading →

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Another Bad Idea: Axing the SC Corporate Income Tax

Posted on January 5, 2012 by The Ruoff Group

In 2011, we will again see proposals to repeal the corporate income tax to “encourage economic development”.  The only real effects will be to further reduce revenue and make it harder to make the long-term investments that will produce sustained … Continue reading →

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Building a Better Gas Tax for South Carolina

Posted on December 14, 2011 by The Ruoff Group

South Carolina could generate an additional $407 million in transportation revenues by updating its gas tax to reflect changes in the cost of transportation construction according to a report out today from the Institute on Taxation and Economic Policy (ITEP).  … Continue reading →

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SC Senate Fiscal Fitness Subcommittee Reports Bills Out

Posted on December 7, 2011 by The Ruoff Group

The South Carolina Senate Judiciary’s Subcommittee on Fiscal Fitness (Sens. McConnell, Knotts, Malloy, Sheheen, Davis and Shoopman) met in Columbia today (December 7) to, more or less, finalize its recommendations on changes to the Full Judiciary Committee. Streamlining Commission. The … Continue reading →

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Real Fiscal Fitness for South Carolina: It’s Not Spending Caps

Posted on November 16, 2011 by The Ruoff Group

South Carolina needs to make changes to improve its fiscal fitness.  Adopting the Budget Stabilization Fund advanced by Senator McConnell in the past few years would be an important start, holding excess revenues in good times and protecting against damaging … Continue reading →

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