The fiscal sustainability of the South Carolina revenue and expenditure system, 1998-2010

Abstract

In 1997, a team of researchers from the Strom Thurmond Institute generated projections of South Carolina General fund revenues and expenditures through fiscal year 2009-10, based on plausible assumptions about inflation, population growth, and personal income growth over the next decade and beyond.1 This year, we revisited our projections for the fiscal year just ended and developed revised projections based on actual or appropriated data for the most recent fiscal year, new legislation and other developments, and slight modifications of the assumptions.