U.S. Department of Commerce

State Government Finances

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STATE GOVERNMENT FINANCES: 2007
STATE: SOUTH CAROLINA
(Thousand Dollars)
 
Source: 2007 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/07_methodology.pdf.

Item       Amount      
Total revenue      27,530,567
       
    General revenue      20,942,385
        Intergovernmental revenue      7,097,636
        Taxes      8,688,935
            General sales      3,233,632
            Selective sales      1,343,680
            License taxes      471,080
            Individual income tax      3,239,468
            Corporate income tax      311,902
            Other taxes      89,173
       
        Current charges      3,573,831
        Miscellaneous general revenue      1,581,983
       
    Utility revenue      1,400,859
    Liquor stores revenue      0
    Insurance trust revenue(1)      5,187,323
       
Total expenditure      24,824,628
    Intergovernmental expenditure      4,870,680
    Direct expenditure      19,953,948
        Current operation      14,216,031
        Capital outlay      1,829,973
        Insurance benefits and repayments      2,310,807
        Assistance and subsidies      861,432
        Interest on debt      735,705
Exhibit: Salaries and wages      3,360,557
       
Total expenditure      24,824,628
General expenditure      20,887,140
        Intergovernmental expenditure      4,870,680
        Direct expenditure      16,016,460
       
    General expenditure, by function:       
        Education      7,462,708
        Public welfare      5,404,269
        Hospitals      1,309,736
        Health      970,251
        Highways      1,125,851
       
        Police protection      196,501
        Correction      470,894
        Natural resources      259,490
        Parks and recreation      117,228
        Governmental administration      1,011,040
       
        Interest on general debt      550,200
        Other and unallocable      2,008,972
       
    Utility expenditure      1,626,681
    Liquor stores expenditure      0
    Insurance trust expenditure      2,310,807
       
Debt at end of fiscal year      14,981,290
       
Cash and security holdings      44,819,892

(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: November 19, 2008
Last Revised:   December 14, 2011


Source: U.S. Census Bureau | State Government Finances | (800) 242-4523| govs.public.finance.analysis.b@census.gov |  Last Revised: December 14, 2011