Surplus Squabble

DeSue, Tedra
May 2004
Bond Buyer;5/6/2004, Vol. 348 Issue 31878, p31
Trade Publication
Reports on South Carolina lawmakers' plan to apply the projected excess revenue to the fiscal 2005 budget instead of paying off a deficit left over from fiscal 2002. Governor Mark Sanford's opposition against the plan because of its adverse impact on the state's triple-A bond rating; Sanford's suggestion that South Carolina should devote surplus revenue in the fiscal 2004 budget toward paying down the deficit from fiscal 2002 before contemplating additional spending for fiscal 2005.


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