Each week this year (with the exception of Thanksgiving and Christmas) we will examine the fiscal and economic health of one of the U.S. states. Our 44th state in this series is South Carolina. Here are the top five (or more) things you need to know about the Palmetto State.
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According to a monthly business confidence index released by the Associated Industries of Massachusetts, employers posted a 51.1 reading in the month of October. A reading of 50 is considered neutral.
The State reports that South Carolina’s retirement system has now run a deficit of $1.4 billion dollars in just one year. Currently covering almost500,000 people, the system includes state employees, local government workers and teachers.
South Carolina doles out part of its budget surplus, Hawaii lays out spending before its sure of its revenue, and California gets an unexpected $2 billion surge.
A Public Notice bipartisan poll of likely South Carolina voters found concern over government spending second only to anxiety about the nation’s economic situation.