80
      Tuesday
      87 / 69
      Wednesday
      88 / 69
      Thursday
      90 / 70

      Compromise reached on state budget

      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. / FILE

      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.)

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