Gov. Henry McMaster Renews Calls for Ambitious Spending Plan Along With Tax Cuts And Rebates
For the second year in a row, state lawmakers have the luxury of putting together the state’s budget with millions of additional dollars.
The state’s economy is booming. More people are working, and tax revenues are way ahead of projections. For the first time the state’s annual operating budget for next year is expected to exceed $10 Billion.
In his annual State of the State address Wednesday night (Jan 22), Gov. Henry McMaster recommended an ambitious spending plan along with returning a quarter of every new dollar back to taxpayers.