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Revenue and Fiscal Affairs: agency sees state revenue running ahead of estimate, no budget changes requested
2247174 · January 15, 2025
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Summary
Agency representatives told the subcommittee the economy remains strong, employment is growing and revenues are running above estimate; the agency requested no additional funding and said it will issue the next revenue estimate in mid‑February.
Mike Rainwater of the South Carolina Revenue and Fiscal Affairs office told the Constitutional Subcommittee on Jan. 15 that the agency has no budget change requests and that current indicators show revenue running higher than expected.
Rainwater said employment and migration trends…
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