Quantcast

SC economy grows; adds $210M to budget debate - Live5News.com | Charleston, SC | News, Weather, Sports

SC economy grows; adds $210M to budget debate

COLUMBIA, S.C. (AP) - South Carolina legislators are getting good economic news as they wrap up debate on the state's $5.9 billion spending plan that will give them $210 million more to decide how to handle.

The state Board of Economic Advisors met Thursday and said the economy is growing enough that the current budget year will end with a $105 million surplus. And they said at least that amount should be added to the revenue projection for the budget year that begins July 1.

About half of that cash already has been spoken for.

The Senate agreed to spend $100 million on an unemployment tax break for employers who fired workers. Employers complained they were repaying too much on federal loans.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

Powered by Frankly