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Governor Haley Releases First Budget

Tuesday, January 17, 2012

 Columbia, SC (WLTX) -- Gov. Nikki Haley's first budget proposal calls for corporations and people to get a break on their income taxes, while public workers in South Carolina go a fourth year without a pay raise.

    The Republican governor unveiled her recommendations Friday for the proposed 2012-13 state budget.

    Nearly $140 million in tax relief would pay for the first of a four-year phase-out of corporate income taxes. It also would give most taxpayers an $84 reduction in their state income taxes.

    Her proposed budget cuts a key funding stream for public schools by $76 million, reducing the so-called base student cost that primarily pays teacher salaries.

    Following the press announcement of Governor Nikki Haley’s Executive Budget for 2012-2013, the South Carolina Campaign to Prevent Teen Pregnancy’s CEO Forrest Alton released the following statement.

    “During tough economic times it is critically important that our state is making fiscally responsible decisions. Investing in teen pregnancy prevention efforts comes with a tremendous return, including improved educational achievement, work force readiness and child well-being. In fact, decreases to South Carolina’s teen pregnancy rate over the last decade have saved our state an average of $127 million per year. Now is not the time to decrease investments where such a tremendous impact can be made and we thank Governor Haley for recognizing this. Through a sustained investment in programs and approaches that research shows to be effective, we will continue to reduce teen pregnancy rates in our state and ultimately protect our state’s most valuable resource…young people.

    While this news is encouraging, a more holistic look at the budget reveals $76 million cut to the Department of Education. Rates of teen pregnancy and rates of educational achievement in our state are indelibly linked, and any cuts to programs that impact the well being of children are a penny wise and pound foolish.""