Governor McMaster Unveils Ambitious Executive Budget for Fiscal Year 2025-2026
Columbia, South Carolina—Today, Governor Henry McMaster unveiled his Executive Budget for the fiscal year 2025–2026, laying out a plan that places a high priority on disaster preparedness, infrastructure, education, tax relief, and fiscal restraint. With a $1.8 billion budget surplus due to South Carolina's thriving economy, the governor highlighted the transformative potential of the planned investments.
In a letter to the General Assembly, Governor McMaster said, "I think we will set our state on a course that will provide the opportunity for prosperity, success, and happiness for generations of South Carolinians by thinking big, being bold, and making these transformative investments."
Key Budget Highlights
Governor McMaster is suggesting lowering the personal income tax rate fro...