The South Carolina House passed an amended H. 3374 to increase local government funding. Courtesy of infoplease.com
The South Carolina House passed H. 3374 on Friday with an amendment that guarantees the Local Government Fund (LGF) will increase by the same percentage as the General Fund, up to 5 percent.
Thus, if the General Fund grew by 10 percent, the LGF growth still would be capped at 5 percent.
The Ways and Means Committee originally advanced H. 3374 so that the LGF could only increase by 2 percent if the state budget grew by at least 4 percent.
The property-tax relief mechanism currently is capped at 2 percent unless an unusual vote changes the current standing.
The Ways and Means Committee's version of the bill would have meant that for 2015 and 2016, there would be no increase in LGF funding. Instead, the LGF would be frozen at its current rate for two years.
After a prolonged debate, the House passed the amended bill.
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