Post by Logan on Dec 3, 2016 17:05:50 GMT -6
South Carolina agencies say budget cuts would eliminate hundreds of state jobs, effect schools
It’s unlikely to happen, but if there is a shortfall in revenues, S.C. agencies propose roughly $200 million in budget cuts that would eliminate hundreds of state workers’ jobs.
In August, Gov. Nikki Haley directed state agencies paid for through the general fund budget – largely tax dollars that come from sales taxes and business and personal income taxes – to include a plan for 3 percent cuts in their spending requests for next year.
Haley ordered the plans for cuts in case of an economic downturn.
The likelihood of a recession is low, economists say, particularly since the Nov. 8 election of Republican President-elect Donald Trump, who is promising an economic stimulus package including tax cuts and spending on infrastructure.
Read more here: www.thestate.com/news/politics-government/article117302148.html
It’s unlikely to happen, but if there is a shortfall in revenues, S.C. agencies propose roughly $200 million in budget cuts that would eliminate hundreds of state workers’ jobs.
In August, Gov. Nikki Haley directed state agencies paid for through the general fund budget – largely tax dollars that come from sales taxes and business and personal income taxes – to include a plan for 3 percent cuts in their spending requests for next year.
Haley ordered the plans for cuts in case of an economic downturn.
The likelihood of a recession is low, economists say, particularly since the Nov. 8 election of Republican President-elect Donald Trump, who is promising an economic stimulus package including tax cuts and spending on infrastructure.
Read more here: www.thestate.com/news/politics-government/article117302148.html