Legislative Updates

Legislative Update- April 6

user avatar
WRITTEN BY lclark 1 year ago

0:37
Read Time
  • 224 VISITS
  • 0 LIKES
Before the House broke for Easter, they passed the 2016-2016 state budget and capital reserve fund, which included $415 million for roads. $200 million of that is one-time money and the remaining $215 million is recurring revenue for our decaying road system. Also of note, the final $16 million for Trident Technical College's Aeronautical Training Facility was included in the 2016-2017 Capital Reserve Fund – a critical need for the continued training of our workforce for the state and region's aerospace cluster. When the House returns next week, they will begin deliberation of the Senate amendment to the roads bill they passed last year. The Senate amended the House version stripping out the motor fuel user fee increase and tax relief and rather focused on restructuring the SCDOT. They also dedicated $400 million in recurring revenue for roads annually. The belief is that the House will amend the bill, taking out the recurring revenue and tweaking the governance portion. Finally,  the Senate is in Columbia this week and shockwaves were sent yesterday when Senator Harvey Peeler decided to resign as majority leader. The election for a new leader occurs this afternoon.
comments powered by Disqus
Read Full Artice
Read Full Artice

The Regional Economic Scorecard compares our region to similar markets.

Read Scorecard

JOIN THE CHAMBER

© Copyright 2014 Charleston Metro Chamber Of Commerce. All rights reserved.

4500 Leeds Avenue, Suite 100,
North Charleston, SC 29405
Please read our Solicitation Disclosure, Privacy Policy and Member Benefits
WordPress Image Lightbox