State Budget - FAQ
 What is the total amount of South Carolina's state budget? 
For Fiscal Year 2013-14, the total state budget is $22.5 billion, of which $6.3 billion is from General Funds:

General Funds 6,378,704,094
Federal Funds 7,617,923,777
Other Funds 8,552,968,804
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Total $ 22,549,596,675

 How is the money spent? 
46.2% of General Funds are appropriated for K-12 and higher education. Health and social rehabilitation agencies received 26.6% of the General Funds appropriated; from all funding sources however, health and social rehabilitation agencies received 39.7%.

(See the attached files for more details.)
  • Excel File  MS Excel File - Chart - General Funds
  • Excel File  MS Excel File - Chart - All Funding Sources

  •  What are the sources of General Fund revenue? 
    Over 87% of South Carolina's General Fund revenue comes from income and retail sales taxes.

    (See the attached file for a detailed chart.)
  • Excel File  MS Excel File - Chart - General Fund Revenue Sources

  •  Does South Carolina have a rainy day fund? 
    Yes, South Carolina has two "rainy day" funds:

    The General Reserve Fund balance must equal 5% of General Fund revenue and may be withdrawn only for the purpose of covering operating deficits. If amounts are withdrawn from the Reserve Fund, the South Carolina Constitution provides a schedule for restoring the Reserve within five years. For Fiscal Year 2010-2011, the General Reserve had a balance of $166.3 million. The General Reserve Fund contributions were $17,141,169 for FY 2011-12 and $98,175,036 million for FY 2012-13. The General Reserve Fund is currently fully funded with a balance of $292,889,764.

    The Capital Reserve Fund (CRF) is a recurring appropriation that must equal 2% of General Fund revenue. If a year-end deficit is forecast, the CRF is reduced to the extent necessary before mandating operating reductions. If no year-end deficit is projected, the CRF may be appropriated in separate legislation for capital improvements or nonrecurring projects. For FY 2013-14, $117,155,905 is set- side for the Capital Reserve Fund.

     How many state employees are there? 
    As of July 2013, authorized positions from all sources of funding totaled 64,983 of which 56,044 were filled:

    Source Authorized Filled
    General Funds 31,293 27,201
    Federal Funds 8,031 6,656
    Other Funds 25,659 22,187
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    Total 64,983 56,044

     How much of the General Fund is spent on education? 
    For FY 2013-2014, over $2.9 billion, or 46.2% of the General Fund, is appropriated for educational initiatives in South Carolina.

    The K-12 education General Fund appropriation is $2,299,096,105 for FY 2013-2014. In addition to the General Fund appropriation, one cent of South Carolina's sale tax (or $24,726,353) is earmarked for K-12 education.

    The FY 2013-2014 General Fund appropriation for South Carolina's colleges and universities totals $593,400,357.



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    In addition to the General Fund, appropriations from South Carolina's Education Lottery Account total $2,287,500,000 for FY 2013-2014. Of this amount, $40,901,798 is earmarked for K-12 education, $258,349,202 is earmarked for higher education.