Showing posts with label SC Budget. Show all posts
Showing posts with label SC Budget. Show all posts

Wednesday, October 22, 2008

From Wall Street to the Corner of Main and Gervais


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.