2013 Act 388 and School Funding in Beaufort County SC

The purpose of this study is to evaluate the impact of Act 388 of 2006 on Beaufort County School District (BCSD) funding and Beaufort County, South Carolina taxpayers. Act 388 made major changes to the way South Carolina school districts are funded. In part, this legislation raised the state retail sales tax by one cent (to six percent) and directed that this new revenue be used to reimburse school districts for property taxes formerly collected for school operations on owner-occupied residential property. This sales-for-property-tax swap affected school district budgets beginning in fiscal year 2007-08.

Sources:  University of South Carolina Beaufort Lowcountry and Resort Islands Tourism Institute

                  Clemson University Strom Thurmond Institute