Recent News
The Bureau of Economic Advisors met on April 9, 2020, to discuss the state’s revenue forecast. View a summary of the meeting and the charts that were shared. Read more
Counties are in the midst of trying to finalize budgets for FY2020-2021 and need information regarding the COVID-19 financial implications on state and local revenues and expenditures. SCAC hosted a virtual meeting on Thursday, April 9th at 4:00 p.m. to discuss state and local revenue projections and budgetary implications. Frank Rainwater, Executive Director of the SC Revenue and Fiscal Affairs Office, shared state and local revenue estimates. Frank Hefner, Kendra Stewart, and Bob O’Neill from the College of Charleston provided preliminary information on their COVID-19 Revenue Shock for... Read more
Members of the General Assembly returned to Columbia on Wednesday for a one-day emergency session aimed at funding the ordinary expenses of state government at current levels in the event the 2020-2021 fiscal year begins without the passage of the annual general appropriations act. Lawmakers in the House of Representatives met briefly and passed a continuing resolution (H. 3485) that includes the establishment of the “Coronavirus Relief Fund” for the receipt and disbursement of appropriations received from the federal government. The continuing resolution also includes a provision that... Read more
ICMA provides an overview of the recent federal assistance packages and recommendations on how local governments can access COVID-19 funding resources.Read more