In the 1997 series of five working papers, researchers attempted to develop plausible estimates of future revenue and expenditures in the South Carolina general fund as well as the projected revenue stream for local government through fiscal year 2009-10. Newly enacted business tax incentives and the property tax relief for homeowners initiated in 1994 were singled out for closer review. Proposed actions considered were various changes in the sales tax, further income tax relief for the elderly, and elimination of the property tax on personal vehicles. Because it may have a delayed impact on the budget, the fiscal health of the state retirement system was also examined.