South Carolina Fiscal Statistics

StatisNostics/State Financials/South Carolina

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20122024

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State Revenue Analysis (South Carolina: 2012–2024)

Population: 4,722,621 → 5,282,634 (11.9% change)

Overall Revenue Trends

Total Revenue▲ 100.8%

$23,831,540,000 (2012)→$47,860,635,000 (2024)

Per Capita Revenue▲ 79.5%

$5,046 (2012)→$9,060 (2024)

Fund Balances▼ 100%

$12,095,001,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 6.2%

Major Tax Revenue

Property Tax▲ 953.5%

$8,811,000 (2012)→$92,821,000 (2024)

Sales Tax▲ 120%

$2,926,177,000 (2012)→$6,438,590,000 (2024)

Utility Revenue

Water Utilities▲ 29.3%

$6,801,000 (2012)→$8,791,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Property Tax▲ 953.5%

$8,811,000→$92,821,000

Regular Highway Charges▲ 648.2%

$9,642,000→$72,141,000

Federal Intergovernmental Health & Hospitals▲ 477.8%

$283,551,000→$1,638,458,000

Declining/Slowest Growing Sources

Toll Highway Charges▼ 100.0%

$7,429,000→$3,000

Workers Compensation - Other Contributions▼ 95.0%

$111,939,000→$5,557,000

Local Intergovernmental Public Welfare▼ 94.5%

$223,209,000→$12,317,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.1%

Estimated: $48,843,221,801

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare19.8%

Total General Sales Taxes13.5%

Individual Income Tax12.8%

Hospital Charges10.0%

Higher Education Tuition Charges4.5%

Federal Intergovernmental Education4.2%

Electric Utilities Revenue3.9%

Federal Intergovernmental Health & Hospitals3.4%

Corporation Net Income Tax2.8%

Other Selective Sales Taxes2.6%

Miscellaneous General Revenue Not Elsewhere Classified2.4%

Federal Intergovernmental Highways2.2%

Motor Fuels Sales Tax2.2%

Interest Earnings1.9%

All Other Not Elsewhere Classified Charges1.6%

Higher Education Auxiliary Charges1.4%

Net Lottery Revenue1.3%

Federal Intergovernmental Other1.1%

Donations From Private Sources1.0%

Water Transportation & Terminal Charges0.8%

Insurance Premium Tax0.8%

Motor Vehicle License0.7%

Unemployment - Contribution0.5%

Alcoholic Beverage Sales Tax0.5%

Federal Intergovernmental Housing & Community Development0.4%

Documentary & Stock Transfer Tax0.4%

Corporation License Tax0.4%

Occupation & Business License Not Elsewhere Classified0.3%

Local Intergovernmental Education0.3%

Tobacco Sales Tax0.2%

Fines & Forfeits0.2%

Property Tax0.2%

Local Intergovernmental Highways0.2%

Federal Intergovernmental Other Natural Resources0.2%

Regular Highway Charges0.2%

Parks & Recreation Charges0.1%

Amusement Tax0.1%

Federal Intergovernmental Employment Security Administration0.1%

Unemployment - Interest Revenue0.1%

Housing & Community Development Charges0.1%

Local Intergovernmental Other0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Education Other State Charges Not Elsewhere Classified0.1%

Public Utilities Tax0.1%

Hunting & Fishing License0.1%

Motor Vehicle Operators License0.0%

Other License Tax0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Public Utility License Tax0.0%

Local Intergovernmental Public Welfare0.0%

Local Intergovernmental Health & Hospitals0.0%

Water Utilities Revenue0.0%

Workers Compensation - Interest Earnings0.0%

Amusement License Tax0.0%

Workers Compensation - Other Contributions0.0%

Air Transportation Charges0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Federal Intergovernmental Air Transportation0.0%

Royalties0.0%

Toll Highway Charges0.0%

Key Insights

1Total revenue increased by 100.8% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 11.9%, while per-capita revenue changed by 79.5%.
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 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 218%

$10,333,030,000→$32,876,121,000

Per Capita Spending▲ 184%

$2,188→$6,223

Population Trends

Population Change▲ 11.9%

4,722,621 (2012)→5,282,634 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 130%

$146,317,000 (2012)→$336,470,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 115%

$442,289,000 (2012)→$952,308,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 27%

$371,246,000 (2012)→$472,857,000 (2024)

General Expenses▲ 663%

$216,190,000 (2012)→$1,649,733,000 (2024)

South Carolina Key Insights

1Police protection spending increased by 130%, significantly outpacing population growth of 11.9%
2Per capita expenditures grew by 184%, indicating substantial service expansion or cost increases not explained by population growth alone
3General expenses increased dramatically by 663%, which may indicate classification changes, new initiatives, or reporting adjustments
4Police Protection was the fastest growing major expense category at 130% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 38%

$10,984,879,000 (2012)→$15,187,360,000 (2024)

Industrial Revenue Debt▼ 100%

$3,534,818,000 (2012)→$0 (2024)

Per Capita Debt▲ 24%

$2,326 (2012)→$2,875 (2024)

Population Trends

Population Change▲ 11.9%

4,722,621 (2012)→5,282,634 (2024)

Debt Management

Most Recent Year (2024)

Issued:$2,052,833,000

Retired:$1,673,524,000

Net Change:+$379,309,000

Debt Retirement Trend

$1,858,303,000 → $1,673,524,000▼ 10%