Last week the Conference Committee on the FY21-22 General Appropriations Act, H. 4100 (Ways and Means Committee) adopted a Conference Report resolving differences between the House and Senate versions. The $31 billion budget includes $10 billion in general fund revenues and one-time surplus revenue of $1.3 billion. The revised budget also includes $524 million in new recurring revenue.
Senate Finance Committee Chairman Hugh Leatherman (R-Florence) said this was the best budget he has seen in his 41 years in the Senate. Ways and Means Chairman Murrell Smith (R-Sumter) commended Governor Henry McMaster for working with them on establishing priorities including fully funding 4-K and putting a school resource officer and nurse in every public school. Smith said they should be proud of the funds they put into public safety, higher education, reserve accounts and paying down state debt. State employees will receive a 2.5% salary increase in the plan.
The House conferees were Representatives Murrell Smith, Bruce Bannister and Jackie Hayes. Senate conferees were Senators Hugh Leatherman, Harvey Peeler and Nikki Setzler.
The General Assembly will return Monday at noon to adopt the budget Conference Report before sending the bill to the governor. Finally, they will return on June 29 to address any vetoes of the governor.
Once posted, the Conference Report can be found here.
In addition to the annual state budget, the General Assembly must still determine how to appropriate $2.1 billion in federal funds from the American Rescue Plan Act. Also up for debate is the $525 million from the Savannah River Site (SRS) settlement, much of which is likely to be directed to the three-county region primarily impacted by SRS. Those decisions are likely to occur sometime in the fall of this year.
The Revised Ways and Means Committee budget can be found here.
The governor’s executive budget can be found here.
Individual state agency budget requests can be found here.
The Senate Finance Committee budget spreadsheet can be found here.