State agencies will lose 4 percent of their budgets as South Carolina’s financial oversight board deals with lagging tax collections.

The State Budget and Control Board meets Thursday at 10 a.m. in Columbia, and educators are bracing for news they are about to be hit with another budget cut of four to five percent.

    Parents and athletes at T.L. Hanna High School are working together to raise money, hoping to offset district budget cuts that eliminated funding for transportation of each of the school’s 39 sports teams, according to athletic director Kenya Fouch. It’s a problem he said is much broader reaching than the Anderson County high school.

Schools expect even bigger cuts.

A two-year state budget presented to North Carolina legislators would cut more than $1 billion from last year’s spending levels for health and human service programs.

SC Statehouse to close to public on weekends

A South Carolina senator says a ruling by the state Supreme Court would take a multi-million-dollar chunk out of a state budget already hemorrhaging money.

South Carolina’s revenue forecasting board is wrapping up the current fiscal year with another round of bad news as it cut $92 million from its estimates.

South Carolina’s economic advisers are expected to get more bad news on the state’s tax collections. The Board of Economic Advisors meets Thursday to gauge whether sales and income tax payments are keeping up with their projections.

South Carolina Governor Mark Sanford has followed through on a promise to drop legal challenges in his fight
over federal stimulus cash.

80 teaching positions will be eliminated, and class sizes will be increased by half a student on average.

State officials have quietly picked through boxes of Civil War state currency and auctioned it on eBay, providing the state archives with an influx of cash amid tight budgets.

The spending plan does rely on getting over $19 million dollars in federal stimulus money, but $11.4 million dollars must still be cut.

The Pickens County School District has eliminated more than 100 jobs, but hopes to place many of those workers in new positions.

South Carolina legislators hope to wrap up work on the state’s $5.6 billion budget and send the bill to the governor’s desk this week.