A Senate subcommittee will take public comments on a fiscal fitness plan for South Carolina at 6:30 tonight in North Charleston City Hall.
The meeting, which will end at 8:30 p.m., follows an initiative by Senate President Pro Tem Glenn McConnell, R-Charleston, to develop a plan for better financial restraint among lawmakers. The meeting will be in council chambers on the third floor at 2500 City Hall Lane.
McConnell’s plan calls for a constitutional cap on spending, a streamlining review committee to examine state government spending, a review of executive agency regulations and how they are adopted, a Taxpayer Fairness Act, a Deficit Prevention Act and a Trust Fund Protection Act.
The Taxpayer Fairness Act is intended to stop government agencies from interpreting laws that allow them to collect more taxes than were intended by lawmakers.
The Deficit Prevention Act would block agencies from spending more money than the Legislature budgeted. The Trust Fund Protection Act would bar the Legislature from taking cash set aside for one purpose and spending it on another.
The subcommittee will also consider zero-based budgeting.
Courtesy of Post & Courier