Compromise reached on state budget
Fri, 17 Jun 2011 12:02:15 GMT —
COLUMBIA, S.C. (AP) -- South Carolina businesses will get a $146 million bailout on unemployment taxes after a budget conference agreed to less money for public schools as final deals were reached in a compromise version of $6 billion state general fund spending plan.
A conference committee agreed Thursday to a final version of the proposed budget. It could be approved as early as Wednesday and sent to Gov. Nikki Haley to consider vetoes.
The biggest money issue involved $210 million in unexpected tax collections. The Senate split that money with $100 million used to lower unemployment taxes for employers with records of firing people and $105 million for schools. The panel used a House proposal with $146 million for businesses and $56 million for schools.
(Copyright 2011 by The Associated Press. All Rights Reserved.)