Current as of March 11, 2009
The S.C. House of Representatives overnight concluded the bulk of the work on state appropriations for the 09-10 fiscal year that begins July 1, and final approval of the measure was given earlier today. Actions impacting Winthrop are detailed below.
Meanwhile, two other major economic indicators are in the news this week as well:
Also in today’s news will be further coverage of Governor Mark Sanford’s state tour explaining his desire to accept federally provided stimulus funds put forth to help states stabilize their operations only for state debt reduction, rather than the purposes outlined by Congress. A link to Governor Sanford’s letter to President Obama appears at the end of this message.
The version of the budget that the House is sending to the Senate affects Winthrop in the following ways:
Please know efforts are already underway to lay the groundwork to restore the lottery technology funds to institutions when the budget is taken up by the Senate, as those funds have been a part of our operating budget this year, under latitude allowed us regarding those funds since budget cuts began.
Should you wish further information on the budget debate:
-- The link below will take you to the Charleston Post and Courier website and an Associated Press report that has been updated with overnight activities that occurred after morning newspaper publication deadlines: http://www.charleston.net/news/2009/mar/11/legislators_give_key_approval_66b_budget
-- This link will take you to a copy of Governor Sanford’s letter to President Obama regarding his preference to use federal stimulus funds for purposes other than those to which they are directed: http://www.postandcourier.com/media/2009/pdf/Sanford3-10-09.pdf
From this point, the state budget moves to the Senate, where a similar process will be undertaken. We already have received strong indications from senators that unlike previous years, an increase in funding cannot be expected, and further cuts could be made to next year’s base. It will then be up to the Senate and House to iron out any differences in their budget versions, before sending the budget to the governor for his possible vetoes. That process likely will extend into late May or early June.
I will keep you informed of any additional key developments as the overall budget process moves forward and economic status reports are made. Meanwhile, many thanks for all you are doing to keep Winthrop on task during these globally challenging times.