May 19, 2026BoardMeeting
BoardBoard of Economic Advisors Meeting
The meeting focused on the review of General Fund revenues and the consideration of updates to the fiscal year 2025-26 and 2026-27 forecasts. Key discussion topics included the impact of tax filings on revenue projections, revisions to South Carolina employment growth data, ongoing economic concerns such as geopolitical tensions and oil prices, and specific performance metrics for Sales tax, Individual Income tax, Corporate Income tax, and other revenue sources. The board also reviewed adjustments to forecasts for the Education Improvement Act and Homestead Exemption Act funds, as well as the recognition of lottery-funded scholarship excess revenue.