U.S. Department of Commerce

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STATE GOVERNMENT FINANCES: 2008
STATE: SOUTH CAROLINA
(Thousand Dollars)
 
Source: 2008 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/08_methodology.pdf.

Item       Amount      
Total revenue      23,575,480
       
    General revenue      20,975,542
        Intergovernmental revenue      7,018,905
        Taxes      8,435,550
            General sales      3,051,608
            Selective sales      1,227,555
            License taxes      433,877
            Individual income tax      3,327,800
            Corporate income tax      312,600
            Other taxes      82,110
       
        Current charges      3,909,828
        Miscellaneous general revenue      1,611,259
       
    Utility revenue      1,453,006
    Liquor stores revenue      0
    Insurance trust revenue(1)      1,146,932
       
Total expenditure      27,593,614
    Intergovernmental expenditure      5,719,235
    Direct expenditure      21,874,379
        Current operation      14,967,195
        Capital outlay      2,343,611
        Insurance benefits and repayments      2,773,146
        Assistance and subsidies      1,005,766
        Interest on debt      784,661
Exhibit: Salaries and wages      3,639,952
       
Total expenditure      27,593,614
General expenditure      22,988,332
        Intergovernmental expenditure      5,719,235
        Direct expenditure      17,269,097
       
    General expenditure, by function:       
        Education      8,151,202
        Public welfare      5,477,881
        Hospitals      1,684,779
        Health      1,051,239
        Highways      1,064,541
       
        Police protection      208,518
        Correction      514,479
        Natural resources      299,956
        Parks and recreation      120,343
        Governmental administration      1,094,646
       
        Interest on general debt      590,974
        Other and unallocable      2,729,774
       
    Utility expenditure      1,832,136
    Liquor stores expenditure      0
    Insurance trust expenditure      2,773,146
       
Debt at end of fiscal year      15,212,910
       
Cash and security holdings      40,977,111

(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 2, 2009
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