(Greenville Online) This is something of a state issue, but one that continues to get bigger and bleeds into Washington as well. New accounting rules — and the propsect of huge retirement liabilities showing up on local government balance sheets — is helping spur a new constituency to agitate for pension reform in South Carolina. [...]
Each South Carolina taxpayer’s financial burden equals $9,700. Read report here: 2009 South Carolina Financial State of the State Share and Enjoy:
By FITSNews || The S.C. House of Representatives voted to sustain 51 of Gov. Mark Sanford’s 107 budget vetoes on Wednesday – resulting in $261 million in “savings.” Both the number of sustained vetoes and the dollar amount “saved” are records for the Sanford administration, which the governor called “an encouraging commitment by many lawmakers [...]
(WLTX) — Proposed budget cuts in the State House would cuase 26,000 people with disabilities and special needs to lose services in South Carolina. Juanita Banks was one of many advocates for people with disabilities and special needs who showed up at the State House for a rally Wednesday. Her daughter, Tammy Lamb, needs services [...]
South Carolina Comptroller’s website: http://www.cg.state.sc.us/ South Carolina’s Comprehensive Annual Financial Reports can be found at: http://www.cg.state.sc.us/ South Carolina is required to pass a “balanced budget”. Article 10, Section 7(a) of the 1895 Constitution requires a “budget process to insure that annual expenditures of state government may not exceed annual state revenue.” In addition, Section 11-11-345 [...]
