Governor Sanford to Outline Position on Stimulus

GOVERNOR COMPLETES REVIEW OF STIMULUS LEGISLATION,
WILL LAY OUT DECISIONS ON WEDNESDAY

Columbia, S.C. - March 10, 2009 - Governor Mark Sanford today announced that he has completed his review of the stimulus legislation, and will on Wednesday outline his position and course of action. The details of that announcement will be released later today.

The stimulus law gives Gov. Sanford the ability to authorize the use of roughly $700 million in stimulus funding. In correspondence with the General Assembly, the governor has said he believes it unwise to use this temporary source of funding to pay for ongoing needs.

"Our objections to the so-called stimulus bill have been well-chronicled for the way it spends money that we don't have and for the way that this printing of money could ultimately devalue the American dollar," Gov. Sanford said. "Those of us opposed to this package lost the debate on these merits, and I now think it is important we look for creative ways to apply and use these monies in accordance with the long-term interests of our state."

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Joel Sawyer
Communications Director
Office of Gov. Mark Sanford
(803) 734-5254 - work
(803) 446-6713 - cell
(803) 734-6447 - fax