STATE HOUSE: State has extra $108 million to spend next year
02/13/2014 4:08 PM
03/14/2015 7:15 AM
The S.C. General Assembly has an extra $108 million to spend next year after the state Board of Economic Advisors revised its budget estimate Thursday.
The state is getting $80 million above forecasts from the state lottery with a spike in ticket sales after a series of $100 million-plus jackpots.
The board also added $28 million that the state received from a drug lawsuit settlement.
South Carolina has about $7 billion in state money to spend next year.
Revenue from taxes and other sources are up an adjusted $39.5 million over a year ago.
But the board did not include that excess in what lawmakers could spend because of anticipated dips in tax collections after a pair of winter storms during the past two weeks.
Gov. Nikki Haley has asked that any extra money above budget forecasts go toward paying for road and bridge repairs.
About this blog
Editor's Choice Videos
Join the Discussion
The State is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.