Tag Archives: general reserve fund

The $4 billion piggy bank hidden from South Carolinians

October 23, 2019

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By RICK BRUNDRETT As state agencies prepare their proposed fiscal 2020-21 budgets, what they likely won’t reveal is the amount of “other” fund surpluses carried over year after year – collectively billions of dollars. As of June 30 – the end of the 2018-19 fiscal year – state agencies and divisions, plus several major state […]

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S.C. agencies sitting on nearly $500M in taxpayer funds

September 6, 2018

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By RICK BRUNDRETT As S.C. lawmakers plan to push a massive borrowing bill next year, they likely won’t publicly talk about the fat reserves that some state agencies have accumulated – including their own chambers. State agencies collectively carried over about $484.5 million in general funds into the fiscal year that started July 1, according […]

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