The SUNNIE harmon & john DeWORKEN Group
June 13, 2010 Weekly State House Preview
Every weekend, The SUNNIE harmon & john DeWORKEN Group will post a commentary on this location explaining what we think will be occurring at the South Carolina State House this coming week. You will read from on insider’s point of view. We do this to better inform you.
The Legislature returns this week to take up the Governor’s budget vetoes and to tie up some legislative loose ends. Governor Sanford issued 107 budget vetoes equaling $414 million of the legislature’s proposed $5.1 billion budget. The majority of the $414 million can be attributed to Sanford’s veto of part IV of the budget. Part IV includes $214 million of Medicaid money that the Federal government has said it would fund, but has not approved as of yet. In order to override Sanford’s veto, both Houses require a two-thirds majority vote, so the House must obtain 82 votes to override the Governor’s veto, while the Senate must have 31 votes to override.
The General Assembly will also attempt to pass H. 4478, Speaker Harrell’s (R-Charleston) Economic Competitiveness Act. H. 4478 passed the House and Senate before stalling in the House the last day of session. Among other things, this legislation includes fee-in-lieu extensions for counties and incentives for attracting new businesses and industries to South Carolina.
Wednesday, June 16, the Tax Realignment Commission’s (TRAC) Sales & Use Tax Exemption Subcommittee is set to meet. The TRAC commission’s final report is due November 15.
Tune in tomorrow to Capitol Impact by visiting http://blog.sunnieanddeworken.com for an update on the primary elections.
