State Budget Negotiations
Negotiators work out final deals on $5.5 billion state budget

Associated Press
Tuesday, May 18, 2004

(Columbia-AP) Married taxpayers get bigger breaks in the five-point-five billion dollar version of the budget negotiators worked out tonight. The budget also keeps the school for troubled youth that Governor Mark Sanford wanted eliminated.

Combining the House and Senate version of the budgets usually takes a week or two, but this year legislators disagreed little thanks to good economic news. They also wanted time to respond to vetoes Sanford has threatened.

He's worried that not enough money would go to restore the state's reserve funds or trust funds that have been raided to balance the budget for the past three years. The plan includes paying back a 155 million dollar deficit that Sanford made a top priority. The plan also gives all state workers a raise.

The plan could be finalized Tuesday and on Sanford's desk by Wednesday.

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