South Carolina – Tax Collections Up 7.3% Over Last Fiscal Year

SALT Report 3702 – State Controller Richard Eckstrom announced today that revenue collections for state government’s General Fund increased a robust $472 million, or 7.3 percent, over the previous fiscal year. Most of that growth came from increased individual income tax receipts ($238 million or 8.1 percent growth) and sales and use tax receipts ($140 million or 5.6 percent growth).

For further information:

http://www.cg.sc.gov/newsroom/Documents/Press/8.20.2015-SCFY15Year-EndRelease.pdf?utm_source=8-26-15+ReveNews&utm_campaign=ReveNews+Analytics+8%2F26&utm_medium=email