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South Carolina revenues up, but no one knows if it will last

Feb 12, 2021 - The Miami Herald

By Associated Press

South Carolina economists decided Friday to make no changes to 3-month-old revenue estimates because COVID-19 is still causing so much uncertainty in the economy.

Revenues in South Carolina have grown nearly 5% since the fiscal year started in July, while official estimates predicted a 3.5% decline. That's good news on its face, said state Revenue and Fiscal Affairs Office Executive Director Frank Rainwater.

But Rainwater said behind that number are a lot ...