July tax figures show slower collections
COLUMBIA (AP) -- South Carolina Comptroller General Richard Eckstrom says tax collections fell by as much as 3 percent in July.
Eckstrom says data he reviewed Thursday shows that includes state income tax refunds in July increasing by about $27 million from year-ago levels.
Eckstrom expects the state's financial leaders next Tuesday will set aside a state reserve account to head off future shortfalls from a weak economy. And he expects the state will set aside money from agency budgets.
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