The fiscal sustainability of the South Carolina revenue and expenditure system, 1997-2010

Abstract

This fiscal sustainability project was undertaken in order to offer a basis for assessing the budgetary impact of recent and proposed legislative policy actions that might affect either state revenue or state expenditures. Researchers attempted to develop plausible estimates of future revenue and expenditures in the South Carolina General Fund as well as the projected revenue stream for local governments through fiscal year 2009-10. In order to ensure that the revenue and expenditure projections were unbiased, these projections were made independently and compared only toward the conclusion of the project.