As legislators argue over property taxes and earmarks, SC begins fiscal year with no new budget

Legislators plan to return July 14, two weeks into the new financial year, to continue hashing out differences in the $15 billion spending plan.

By: Skylar Laird

Outlets: South Carolina Daily Gazette

Published: July 1, 2026

Words: 1,355

Last Updated: 3 weeks ago

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COLUMBIA — A fight over property tax relief and earmarks has stalled legislators’ work on the $15.5 billion state spending plan, sending South Carolina into a new financial cycle with no new budget and no clear timeline for completion.

The fiscal year started Wednesday. After several hours of discussions Tuesday, mostly out of public view, legislators decided to return July 14 to continue hashing out differences between the House and Senate spending plans.

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