SC revenues show another drop in June

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COLUMBIA -- South Carolina general fund revenues continue to decline, state Comptroller Richard Eckstrom announced today.

According to a press release, revenues for June 2009 were 10 percent ($71.7 million) lower than revenues for June 2008, and off 12.5 percent ($828.0 million) for the last 12 months.

Individual income tax revenue in June was down 10.1 percent ($36.8 million) compared to corresponding revenues for the previous June, and off 15.4 percent ($512.6 million) for the year.

According to the news statement, Sales tax revenue in June 2009 decreased 6.7 percent ($13.8 million) compared to June 2008 sales taxes, and off 8.5 percent ($190.5 million) for the year.

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CyndiCk 07/09/09 - 04:18 pm
People are losing their jobs

People are losing their jobs every day and ya'll can't fiqure out why revenues are down? Why not start taxing those illegal aliens out there! What a bunch of dumbasses we got!

soldout 07/09/09 - 04:51 pm
I think it is called a

I think it is called a depression

willistontownsc 07/09/09 - 05:23 pm
Sales taxes are way too high

Sales taxes are way too high here. No wonder why state revenues are falling. And yeah, we need to put an alien tax on all immigrants -- legal and illegal.

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