S.C. Gov. Henry McMaster released his final, $16 billion executive budget on Jan. 12, recommending more income tax cuts, higher teacher pay and major investments in roads and 4-year-old kindergarten — issues he’s focused on during his decade in the state’s highest office.
“By thinking big, by being bold, and by making these transformative investments,” the term-limited McMaster wrote in an accompanying letter to state lawmakers, “I believe we will set our state on a course that will provide the opportunity for prosperity, success, and happiness for generations of South Carolinians.”
In addition to cutting the state’s top tax rate from 6% to 5.9% and raising minimum teacher pay statewide to $50,500 per year, the proposed 2026-27 budget would spend an additional $1 billion on roads projects while providing free school breakfast to all students.
Also a winner in the budget: The Medical University of South Carolina, which would receive $115 million for its planned National Cancer Institute-designated Comprehensive Cancer Hospital in Charleston.
“With this important designation, MUSC will be able to deliver best-in-class cancer care and cutting-edge clinical trials for all South Carolinians, including those in rural and underserved communities,” McMaster said.
Released every January, the governor’s executive budget is a recommendation to the state legislature. House and Senate leaders will consider McMaster’s priorities, along with their own, as they move forward with their budget processes.
Help keep the City Paper free.
No paywalls.
No subscription cost.
Free delivery at 800 locations.
Help support independent journalism by donating today.