State will have smaller, aging workforce in next 3 years

The Senate is getting closer to starting budget deliberations in their chamber. Last week, lawmakers heard from Frank Rainwater, the executive director of the South Carolina Revenue and Fiscal Affairs Office, about the state’s economic health.

Rainwater told senators the state will have a smaller workforce in the next three years and is on track to have more seniors over the age of 65 than people under the age of 18. The decline is set to coincide with a slowdown in the economy once federal funding tapers off.

And after weeks of questioning and a $3.5 billion accounting debacle, SC Comptroller General Richard Eckstrom announced his resignation.

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