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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 12, 1990
Page
10
Light cold tonight with clear skies and mid 20s to mid 30s. Sunday mostly sunny with highs near 60. Monday and Tuesday partly cloudy with highs upper 50s to low 60s and lows mid 30s to low 40s. Northwest winds around 10 mph. Saturday sunshine and cooler highs in the upper 40s to lower 50s along Midlands coast and beaches.
The measure would take effect July 1, 1991 if approved on the November ballot. It requires 63 percent of new revenues to cut the tax digest, with increases to 71 percent over five years, while remaining funds go to general budgets. Counties receiving at least 2 million in revenue could share proceeds. districts in favor include the South Carolina Municipal Association and Association of Counties.
Eskew and Huff discuss the impact of a local option sales tax tied to property tax relief. They cite market value based revenue distribution, expiring exemptions for food, and potential 1991 to 1992 money infusion. Moore Rudnick and Duvall weigh political and intergovernmental effects.
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