For fiscal year 2026-27, South Carolina would direct about $42.7 billion to public agencies, schools, colleges, transportation, health care, and other programs, subject to listed conditions.
South Carolina would fund state agencies, schools, colleges, transportation, health care, public safety, and other programs with a listed total of about $42.7 billion for 2026-27.
Schools would use state funding formulas and follow reporting, auditing, spending, safety, and student-service rules during the 2026-27 school year.
The budget includes money for tax relief and describes a possible additional $25,000 homestead exemption, while limiting certain delinquent personal-property-tax penalties.
The General Assembly would provide funding for state agencies, public schools, colleges, transportation, health care, public safety, and other programs. The plan covers state government and public institutions across South Carolina, with general, federal, and other funds listed by agency and program. Some funds are limited to named programs or projects. Some appropriations depend on available revenue, federal funds, agency action, or approval by another state body. The stated fiscal year runs from July 1, 2026, through June 30, 2027.
The Department of Education and school districts would distribute classroom funding, report spending and student data, and follow added rules for school operations. These provisions cover traditional school districts, charter school authorizers, special districts, public schools, and eligible students, including students in residential treatment facilities. Funding formulas use student counts and specified student weights. Districts must meet reporting, audit, website, and spending requirements, and some failures can result in withheld state payments. Some programs depend on available space, funding, approval, or a school district’s participation. Most education rules apply during the fiscal year beginning July 1, 2026; several reports and applications have deadlines during that year.
The state would direct money to tax relief, and certain taxpayers or property owners could receive specified tax treatment. The provisions include a possible additional homestead exemption for qualifying homeowners, an income-tax rate reduction allocation, and limits on certain delinquent property-tax penalties. The additional homestead exemption applies only to people who qualified for the existing exemption in property tax year 2025. The homestead provision does not take effect if another specified homestead increase or exemption is enacted by September 1, 2026. The tax relief and other allocations depend on available appropriations and the stated statutory conditions. These provisions generally apply during fiscal year 2026-27 or to property tax years ending during that fiscal year.
No hearings or votes scheduled.