Gov. Henry McMaster Unveils Fiscal Year 2020-21 Executive Budget

Staff Report From South Carolina CEO

Tuesday, January 14th, 2020

Governor Henry McMaster announced the FY 2020-21 Executive Budget - a budget that invests in the state's greatest priorities and returns almost one quarter of every dollar from the $1.8 billion budget surplus - nearly $425 million - back to the taxpayers in the form of income tax cuts and a one-time rebate.

The governor's budget also invests heavily in the state's K-12 education system, economic and workforce development, public safety, and good government reforms.

To view the governor's Executive Budget in its entirety, along with the governor's cover letter and detailed explanations of funding decisions, visit his website.