South Carolina Fiscal Statistics

StatisNostics/State Financials/South Carolina

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20122022

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State Revenue Analysis (South Carolina: 2012–2022)

Population: 4,722,621 → 5,218,040 (10.5% change)

Overall Revenue Trends

Total Revenue▲ 92.8%

$23,831,540,000 (2012)→$45,957,851,000 (2022)

Per Capita Revenue▲ 74.5%

$5,046 (2012)→$8,807 (2022)

Fund Balances▼ 100%

$12,095,001,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 7.1%

Major Tax Revenue

Property Tax▲ 886.9%

$8,811,000 (2012)→$86,957,000 (2022)

Sales Tax▲ 66.7%

$2,926,177,000 (2012)→$4,876,547,000 (2022)

Utility Revenue

Water Utilities▲ 11.4%

$6,801,000 (2012)→$7,574,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1565.2%

$283,551,000→$4,721,799,000

Workers Compensation - Interest Earnings▲ 1333.3%

$5,163,000→$74,000,000

Property Tax▲ 886.9%

$8,811,000→$86,957,000

Declining/Slowest Growing Sources

Local Intergovernmental Public Welfare▼ 94.2%

$223,209,000→$13,053,000

Toll Highway Charges▼ 93.5%

$7,429,000→$480,000

Workers Compensation - Other Contributions▼ 92.8%

$111,939,000→$8,079,000

Revenue Forecast

Projected Revenue (Next Year)▲ 15.8%

Estimated: $53,225,056,816

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare15.5%

Individual Income Tax13.0%

Total General Sales Taxes12.3%

Electric Utilities Revenue7.9%

Hospital Charges7.0%

Federal Intergovernmental Education6.1%

Higher Education Tuition Charges6.1%

Federal Intergovernmental Highways3.7%

Miscellaneous General Revenue Not Elsewhere Classified3.1%

Unemployment - Contribution2.3%

Motor Fuels Sales Tax2.2%

Higher Education Auxiliary Charges1.7%

Interest Earnings1.5%

Net Lottery Revenue1.4%

Other Selective Sales Taxes1.4%

Federal Intergovernmental Other1.3%

Donations From Private Sources1.2%

Federal Intergovernmental Health & Hospitals1.2%

Corporation Net Income Tax1.1%

All Other Not Elsewhere Classified Charges1.0%

Local Intergovernmental Public Welfare0.9%

Motor Vehicle License0.9%

Alcoholic Beverage Sales Tax0.6%

Federal Intergovernmental Housing & Community Development0.6%

Insurance Premium Tax0.6%

Water Transportation & Terminal Charges0.5%

Occupation & Business License Not Elsewhere Classified0.5%

Fines & Forfeits0.5%

Workers Compensation - Other Contributions0.5%

Corporation License Tax0.4%

Local Intergovernmental Education0.3%

Local Intergovernmental Highways0.3%

Federal Intergovernmental Employment Security Administration0.3%

Local Intergovernmental Other0.3%

Rents0.2%

Federal Intergovernmental Other Natural Resources0.2%

Documentary & Stock Transfer Tax0.2%

Amusement Tax0.2%

Education Other State Charges Not Elsewhere Classified0.1%

Tobacco Sales Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Public Utilities Tax0.1%

Hunting & Fishing License0.1%

Parks & Recreation Charges0.1%

Sale of Property0.1%

Other License Tax0.1%

Housing & Community Development Charges0.0%

Regular Highway Charges0.0%

Federal Intergovernmental Sewerage0.0%

Motor Vehicle Operators License0.0%

Alcoholic Beverage License Tax0.0%

Property Tax0.0%

Toll Highway Charges0.0%

Water Utilities Revenue0.0%

Local Intergovernmental Health & Hospitals0.0%

Workers Compensation - Interest Earnings0.0%

Federal Intergovernmental Water Utilities0.0%

Amusement License Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Parking Facilities Charges0.0%

Air Transportation Charges0.0%

Royalties0.0%

Death & Gift Tax0.0%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare19.1%

Individual Income Tax14.9%

Total General Sales Taxes10.6%

Federal Intergovernmental Health & Hospitals10.3%

Hospital Charges7.0%

Higher Education Tuition Charges4.4%

Electric Utilities Revenue4.2%

Federal Intergovernmental Education4.1%

Miscellaneous General Revenue Not Elsewhere Classified2.6%

Corporation Net Income Tax2.6%

Motor Fuels Sales Tax2.1%

Federal Intergovernmental Highways1.8%

All Other Not Elsewhere Classified Charges1.5%

Net Lottery Revenue1.3%

Higher Education Auxiliary Charges1.3%

Federal Intergovernmental Other1.2%

Other Selective Sales Taxes1.2%

Water Transportation & Terminal Charges1.0%

Federal Intergovernmental Housing & Community Development0.8%

Donations From Private Sources0.8%

Interest Earnings0.7%

Motor Vehicle License0.6%

Unemployment - Contribution0.6%

Insurance Premium Tax0.6%

Documentary & Stock Transfer Tax0.5%

Alcoholic Beverage Sales Tax0.5%

Corporation License Tax0.4%

Occupation & Business License Not Elsewhere Classified0.3%

Federal Intergovernmental Employment Security Administration0.3%

Local Intergovernmental Education0.3%

Tobacco Sales Tax0.3%

Local Intergovernmental Highways0.2%

Fines & Forfeits0.2%

Property Tax0.2%

Regular Highway Charges0.2%

Workers Compensation - Interest Earnings0.2%

Housing & Community Development Charges0.2%

Parks & Recreation Charges0.1%

Federal Intergovernmental Other Natural Resources0.1%

Amusement Tax0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Local Intergovernmental Other0.1%

Public Utilities Tax0.1%

Hunting & Fishing License0.1%

Unemployment - Interest Revenue0.0%

Other License Tax0.0%

Public Utility License Tax0.0%

Federal Intergovernmental Sewerage0.0%

Alcoholic Beverage License Tax0.0%

Local Intergovernmental Public Welfare0.0%

Sale of Property0.0%

Local Intergovernmental Health & Hospitals0.0%

Workers Compensation - Other Contributions0.0%

Water Utilities Revenue0.0%

Amusement License Tax0.0%

Motor Vehicle Operators License0.0%

Toll Highway Charges0.0%

Air Transportation Charges0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Royalties0.0%

Key Insights

1Total revenue increased by 92.8% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 10.5%, while per-capita revenue changed by 74.5%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (South Carolina: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 163%

$10,333,030,000→$27,160,180,000

Per Capita Spending▲ 138%

$2,188→$5,205

Population Trends

Population Change▲ 10.5%

4,722,621 (2012)→5,218,040 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 65%

$146,317,000 (2012)→$240,934,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 48%

$442,289,000 (2012)→$656,011,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2022)

Administrative Expenses

Financial Administration▲ 83%

$371,246,000 (2012)→$680,280,000 (2022)

General Expenses▲ 390%

$216,190,000 (2012)→$1,058,877,000 (2022)

South Carolina Key Insights

1Per capita expenditures grew by 138%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 390%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 83% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 36%

$10,984,879,000 (2012)→$14,978,921,000 (2022)

Industrial Revenue Debt▼ 100%

$3,534,818,000 (2012)→$0 (2022)

Per Capita Debt▲ 23%

$2,326 (2012)→$2,871 (2022)

Population Trends

Population Change▲ 10.5%

4,722,621 (2012)→5,218,040 (2022)

Debt Management

Most Recent Year (2022)

Issued:$1,817,208,000

Retired:$1,279,921,000

Net Change:+$537,287,000

Debt Retirement Trend

$1,858,303,000 → $1,279,921,000▼ 31%