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Battle Lines Drawn In SC Revenue War

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PRIMARY WARNINGS ISSUED …

Earlier this week we wrote on the re-engagement of one national advocacy group that’s been fighting against a proposed gas tax hike in South Carolina … now another group is stepping forward to demand lawmakers stop blowing surplus tax dollars on bigger government.

In response to state economists certifying an additional $1.2 billion in new general fund revenue ($1.3 billion if you count lottery funds and earmarked education funds), RJ May – executive director of the S.C. Club for Growth – lamented the expressed intention of many leading lawmakers to spend all of the new money.

“Unfortunately, instead of protecting taxpayers by reducing the state income tax, paying down pension obligations, or shrinking the size and scope of state government, Democrats and liberal Republicans appear to be working quickly on ways to spend this un-obligated money,” May said.  “This is unacceptable and the SC Club for Growth, our supporters, and other taxpayer advocacy groups will be watching the legislature closely as the June 2016 state primaries approach.”

Good for the Club …

We support their efforts.  In fact we made a similar observation in our coverage of the massive cash windfall.

“This wave of new money should help blunt legislative momentum to raise the state’s gas tax,” we wrote.  “In fact in a government that confined itself to core functions, such a windfall would kickstart a movement for tax relief.”

Let’s hope it does …

The current state budget – which began on July 1, 2015 and runs through June 30, 2016 – stands at roughly $26 billion.  The latest projections would indicate the FY 2016-17 budget would soar to $27.2 billion – an increase of more than a billion dollars.

Sadly, such rampant growth is par for the course.

In 2010-11, the state’s budget was $20.8 billion – meaning spending has grown by roughly a billion dollars annually over the past seven years, a whopping 30.7 percent increase.

Don’t expect the mainstream media to tell you that … but it’s the truth.

It’s also why you’re still dirt poor … 

Pic: Travis Bell Photography

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