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
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    The General Reserve Fund balance must equal 5% of General Fund revenue and may be withdrawn only for the purpose of covering operating deficits. If amounts are withdrawn from the Reserve Fund, the South Carolina Constitution provides a schedule for restoring the Reserve within five years.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
    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.


    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.