In December, the South Carolina State Budget and Control Board (a unique entity that administers state government in lieu of the Governor) ordered a $383 million across-the-board reduction in state spending to balance the $7 billion budget. Since July, ordered cuts have totaled $1 billion. Legislators are going without travel and expense payments. Gov. Mark Sanford (R) has proposed a tax reform plan designed to improve the state’s long-term economic growth while remaining revenue neutral for the short-term. More on South Carolina here.
