South Carolina's 2024-25 Budget

SOURCE www.foxnews.com
South Carolina's $13.2 billion budget for the 2024-25 fiscal year was approved by the House with raises for teachers and state employees, property tax relief, bridge funding, and long-term income tax cuts.

Key Points

  • House budget writers had less to spend due to the end of pandemic relief
  • Increases in tax revenue allowed for funding of key items
  • Focus on core functions of government like infrastructure, education, and law enforcement

Pros

  • Raises for teachers and state employees
  • $500 million in property tax relief
  • $200 million for bridges
  • $100 million for long-term income tax cuts

Cons

  • Some proposals like redirecting money from other areas failed to gain support