Office
of the Speaker
SOUTH CAROLINA HOUSE OF REPRESENTATIVES
FOR IMMEDIATE RELEASE
June 6,
2012
Contact: Greg Foster
(803) 734-3125
gregfoster@schouse.gov
House Amends Budget, Prepares for Conference
$700M in Tax Relief, Port Deepening Funded,Below Spending Caps, Balanced
(Columbia, SC) - Today, the SC
House of Representatives adopted its amendment to the FY2012-2013 state
spending plan in preparation for the budget being sent to a joint House/Senate
Conference Committee to be finalized.
The House returned the spending
back to the core of the original version unanimously adopted by the House in
March and addressed a few additional items - fully funds the Small Business
Income Tax Cut (4 years ahead of schedule), fully funds the Port of Charleston
Harbor Deepening Reserve Fund, gives law enforcement officers and teachers pay
raises all while coming in under spending caps supported by both the House and
the Governor.
House Speaker Bobby Harrell issued this
statement about the budget amendment:
"This is a solid, fiscally
conservative, balanced spending plan that limits government growth while responsibly
planning for our state's economic future. Coming in well below
proposed spending caps, this budget provides $700 million in tax relief, funds
education in the classroom, pays down state debt and fully funds the Harbor
deepening project that will keep our state competitive. We worked hard to
protect our state's taxpayers and limit government growth by focusing on core
functions of government.
"Chairman Brian
White and the rest of the Ways & Means
Committee did an excellent job of working with House Members on a budget
that received unanimous approval back in March. The House's amended
budget shows South Carolinians that we are serious about making sure our state
stays competitive and helping our small businesses create jobs. The Ways
& Means Committee and the Members of the House have produced a plan that we
can firmly stand behind as we head into the budget conference committee."
-30-
|
