{"id":210,"date":"2007-04-24T03:01:00","date_gmt":"2007-04-24T03:01:00","guid":{"rendered":"http:\/\/kevinbryant.com\/?p=210"},"modified":"2007-04-24T03:01:00","modified_gmt":"2007-04-24T03:01:00","slug":"mark-on-spending-almost-as-good-as-the-pigs","status":"publish","type":"post","link":"https:\/\/www.kevinbryant.com\/kbarchive\/mark-on-spending-almost-as-good-as-the-pigs\/","title":{"rendered":"mark on spending: almost as good as the pigs"},"content":{"rendered":"

<\/a>Gov. Sanford Unveils Spending Clock NEW DISPLAY WILL SHOW HOW FAST BUDGET SPENDS SOUTH CAROLINIANS\u2019 NEW TAX DOLLARS<\/p>\n

Columbia, S.C. \u2013 April 23, 2007 \u2013 Governor Mark Sanford today unveiled a new spending clock, aimed at displaying just how fast the state budget is spending new tax dollars coming into Columbia this year. <\/p>\n

This week, the Senate will begin debate on its budget, which as of right now contemplates spending nearly all of the $1.3 billion in new money coming into Columbia this year, while only providing $54 million in tax relief to hard-working South Carolinians. By contrast, the governor\u2019s spending plan called for $205 million in income tax relief, while the House\u2019s spending plan called for more than $80 million in tax relief. <\/p>\n

That rate of spending growth translates into roughly $33 per second \u2013 more than $2.8 million spent per day. The governor said the spending clock is an important illustration of just how fast that money is being spent, particularly in light of how little tax relief the Senate Finance Committee\u2019s budget would provide. <\/p>\n

\u201cThis clock provides a fairly startling reminder of just how fast an average South Carolinian\u2019s hard-earned dollars are being spent in Columbia,\u201d Gov. Sanford said. \u201cOur state\u2019s budget is poised for yet another year of double-digit growth after growing by more than 25 percent over the past two years. That\u2019s a rate of growth that far exceeds the growth in the average South Carolinian\u2019s paycheck, that far exceeds the growth in the national economy, and that\u2019s unsustainable by any measure. As the Senate begins its budget debate this week, I\u2019d ask that conservative Senators make their voices heard about the need for more in the way of tax relief and less in the way of government spending, so that we can return more of these dollars to hard-working people of this state.\u201d<\/p>\n

Currently, the Senate budget would return only about three percent of new dollars to South Carolinians in the form of tax relief. The budget also only puts $205 million toward state\u2019s $9 billion unfunded retiree healthcare liability, compared to the $439 million recommended by Gov. Sanford toward that debt. In addition, the Senate Finance Committee\u2019s budget contains $242 million in annualizations \u2013 the use of one-time money for ongoing expenses \u2013 compared to $73 million in the governor\u2019s budget plan. <\/p>\n

The spending clock will continue to be displayed outside the Governor\u2019s Office throughout the budget process.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov. Sanford Unveils Spending Clock NEW DISPLAY WILL SHOW HOW FAST BUDGET SPENDS SOUTH CAROLINIANS\u2019 NEW TAX DOLLARS Columbia, S.C. \u2013 April 23, 2007 \u2013 Governor Mark Sanford today unveiled a new spending clock, aimed at displaying just how fast the state budget is spending new tax dollars coming into Columbia this year. This week, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-210","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2gEQ0-3o","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/comments?post=210"}],"version-history":[{"count":0,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/210\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/media?parent=210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/categories?post=210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/tags?post=210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}