U.S. Department of Commerce

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STATE GOVERNMENT FINANCES: 2006
STATE: SOUTH CAROLINA
(Thousand Dollars)
 
Source: 2006 Annual Survey of State Government Finances. Data users who create their own estimates using
data from this report should cite the U.S. Census Bureau as the source of the original data only. The data in
this table are based on information from public records and contain no confidential data. Although the data in
this table come from a census of governmental units and are not subject to sampling error, the census results
do contain nonsampling error. Additional information on nonsampling error, response rates, and definitions
may be found at http://www2.census.gov/govs/state/06_methodology.pdf.

Item       Amount      
Total revenue      23,719,970
       
    General revenue      19,435,908
        Intergovernmental revenue      6,867,415
        Taxes      7,759,797
            General sales      3,186,306
            Selective sales      1,013,815
            License taxes      432,250
            Individual income tax      2,727,251
            Corporate income tax      296,753
            Other taxes      103,422
       
        Current charges      3,305,309
        Miscellaneous general revenue      1,503,387
       
    Utility revenue      1,339,482
    Liquor stores revenue      0
    Insurance trust revenue(1)      2,944,580
       
Total expenditure      23,430,743
    Intergovernmental expenditure      4,699,299
    Direct expenditure      18,731,444
        Current operation      13,081,001
        Capital outlay      1,801,737
        Insurance benefits and repayments      2,343,568
        Assistance and subsidies      817,647
        Interest on debt      687,491
Exhibit: Salaries and wages      3,264,614
       
Total expenditure      23,430,743
General expenditure      19,785,364
        Intergovernmental expenditure      4,699,299
        Direct expenditure      15,086,065
       
    General expenditure, by function:       
        Education      7,076,629
        Public welfare      4,825,203
        Hospitals      1,216,476
        Health      870,263
        Highways      1,497,651
       
        Police protection      195,199
        Correction      441,620
        Natural resources      205,798
        Parks and recreation      91,489
        Governmental administration      930,339
       
        Interest on general debt      520,895
        Other and unallocable      1,913,802
       
    Utility expenditure      1,301,811
    Liquor stores expenditure      0
    Insurance trust expenditure      2,343,568
       
Debt at end of fiscal year      13,737,148
       
Cash and security holdings      38,784,518

(1) Within insurance trust revenue, net earnings of state retirement systems
is a calculated statistic (the item code in the data file is X08), and thus can be
positive or negative. Net earnings is the sum of earnings on investments plus gains on
investments minus losses on investments. The change made in 2002 for asset valuation
from book to market value in accordance with Statement 34 of the Governmental
Accounting Standards Board is reflected in the calculated statistics.
 
Created: December 12, 2007
Last Revised:   January 5, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: January 20, 2011