SC House sends $7B spending plan to the Senate - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

SC House sends $7B spending plan to the Senate

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Associated Press

COLUMBIA, S.C. (AP) - The House's $7 billion spending plan for South Carolina taxes is heading to the Senate.

The House voted Wednesday to send the package to the Senate following key approvals in a late-night debate Tuesday.

The package for the fiscal year beginning July 1 includes a separate bill that spends $117 million from this year's rainy day fund. The total is nearly $24 billion, when including all revenue sources, such as federal money, fees, fines, lottery profits, tuition and grants.

The budget provides state employees a 1.5 percent cost-of-living raise, but their insurance deductibles and co-payments would rise slightly Jan. 1.

The package includes $6.5 million to provide taxpayers a third year of state-paid credit monitoring services following the massive hacking of South Carolina's tax collection agency in 2012.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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