Saturday, May 16, 2009

SC Policy Council Weekly Review

Important news from the the South Carolina Policy Council


Five Myths About the General Assembly's State Budget
The General Assembly approved the second-largest budget in state history this week at $20.7 billion. Governor Sanford has until Tuesday to issue vetoes. This budget increases spending more than $700 million above the $19.97 billion the state spent this year.

The budget increases fees on businesses and taxpayers, directs money toward the government-driven "pyramids and pillars" economy, and dramatically increases federal control of state government. Legislative leaders have argued the state is in a severe crisis and that a quick influx of federal cash is the only way to avoid firing teachers and closing prisons. A closer look at the budget reveals that is not the case. Below are some of the myths about this year's state budget, and the truth behind them more

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