BRACK: Political cockfighting starts over next year’s budget
By Andy Brack, editor and publisher | Political positioning has already started for next year’s state budget, not that you should be surprised.
The culprits are two big numbers causing some confusion before the debate even begins.
Last month, the state Board of Economic Advisors projected South Carolina lawmakers would have about $440 million in new revenues for the 2017-18 budget. It’s not the $1.2 billion they had to craft the current budget, but it’s not small potatoes either. The lower number — which would have been a dream come true during the Great Recession a few years ago — reflects a slowing economy, perhaps. But it’s important to note this: The economy is still growing.
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