South Carolina ended the last fiscal year with a plethora of funds and an annual financial report that shows that though the state's improved its financing of key state agencies, it still has more ...

The current pension systems have promised to pay roughly $20 billion in retirement benefits that the state does not have on hand. To reduce that debt, the House-Senate panel earlier this year approved ...

State legislators never did explain why they needed to increase judges’ pay by nearly 40% last year when it was teachers, corrections officers and social workers we were having a hard time keeping on ...

S.C. House and Senate leaders are forming a committee to review the state retirement system’s unfunded obligations of $16.75 billion. The panel is charged with finding ways for the pension system to ...

Troubled by South Carolina's taxation system and fearful of losing a competitive edge to Georgia and North Carolina, which have lower income tax rates, state lawmakers have eyed tax cuts every year.