South Carolina Budget Reveals Major Investments: Tax Cuts, Education Boost, and Economic Growth Ahead

Governor Henry McMaster unveiled his Fiscal Year 2026-2027 executive budget, proposing over one billion dollars for roads, income tax cuts, boosted rainy day savings, and a raise in starting teacher pay to fifty thousand dollars, according to the governors office announcement. The plan expands full-day four-year-old kindergarten to families earning up to three hundred percent of federal poverty guidelines, provides free breakfast for every public school student, and allocates eighty-one point seven million dollars for college maintenance projects, as reported by South Carolina Public Radio.

In politics, the General Assembly reconvened Tuesday for the sessions second year, with lawmakers debating income tax restructuring in bill H 4216, creating new brackets and deductions, per the South Carolina Policy Council. The House considers overriding McMasters veto on S 136, allowing dismissal of certain pre-2024 gun possession charges. Construction thrives amid economic growth, with the South Carolina Department of Commerce listing over thirty major investments in 2025, including First Solars three hundred thirty million dollar Cherokee County plant creating six hundred jobs and Cielo Digital Infrastructures two point one billion dollar project.

Education gains spotlight through workforce scholarships and need-based aid, while public safety sees sustained funding for school resource officers in all public schools and raises for law enforcement and corrections staff. Infrastructure advances with SCDOT reporting progress on interstate widenings and interchanges, tackling congestion in growing areas. No major recent weather events reported.

Business outlook remains strong, with contractors optimistic about healthcare, data centers, and power projects despite workforce challenges, according to Carolinas AGC.

Looking Ahead: Watch Senate Finance subcommittee on tax reform January fourteenth, ongoing budget debates, and SCDOTs regulatory reductions amid population growth studies.

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