Act 388 and the minimum guarantee

Author
Saltzman, Ellen W.
Ulbrich, Holley H.
Jim Self Center on the Future
Subject
Property tax relief--South Carolina; Property tax--Law and legislation--South Carolina; School districts--South Carolina--Finance
Act 388 of 2006 provided relief to South Carolina homeowners from school property taxes, resulting in a substantial shift in state education funds among school districts. This report focuses on only one aspect of Act 388, the guarantee of a minimum of $2.5 million per county in Act 388 funds. Counties whose school districts received less than a combined $2.5 million were to receive supplemental tax relief to bring them up to that level. This supplemental tax relief came to $20.4 million in 2011-12, which accounted for an average of 5.6 percent of all state funds distributed to 28 recipient school districts
URI
https://dc.statelibrary.sc.gov/handle/10827/47648
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Date
2014-01
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Date Accessioned2023-02-01T14:30:54Z
Date Available2023-02-01T14:30:54Z
Item Formatapplication/pdf
Media TypeDocument
RightsCopyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
TypeText
Digitization SpecificationsThis South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.