So it turns out that reduced consumer spending means that we're going to have to cut about $500 million from the state budget this year. Apparently our state government receives about a third of its revenue each year from the sales tax. Oops. At least our legislature is cutting its budget instead of just running a deficit. That's refreshing.
3 comments:
Don't forget, 2006 was the end of property taxes for education.
Yeah, I was working at the state house then. That was a mess.
Education in South Carolina, where?
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