Tag Archives: IMTF

Will Year 2 of gas tax credit be as unpopular as the first?

March 13, 2020

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By RICK BRUNDRETT A state agency is again predicting that S.C. taxpayers will claim the maximum-allowed amount of income tax credits to offset the gas tax hike, though the first official estimate was way off the mark. For last year’s income tax filings, the S.C. Revenue and Fiscal Affairs (RFA) Office projected that a total […]

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Bill would divert gas-tax-hike money to interstate widening projects

December 20, 2018

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  By RICK BRUNDRETT A proposal by a longtime S.C. senator would siphon millions from a main source of gas-tax-hike revenues that lawmakers promised would go toward fixing the state’s crumbling roads and bridges, and instead earmark that money for widening interstates. It also could be a way around what the state transportation chief previously […]

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Pot of unspent gas-tax-hike revenues grows to nearly $361 million

December 3, 2018

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By RICK BRUNDRETT As of the end of October, nearly $361 million in collected gas-tax-hike revenues had not been spent – 16 months after the law authorizing the increases went into effect, recently released records show. The $360.9 million balance represented about 45 percent of the $802.2 million in “project commitments” identified by the state […]

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More than $338 million in gas-tax-hike funds unspent as of end of September

November 14, 2018

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By RICK BRUNDRETT In the first 15 months of the gas-tax-hike law, the S.C. Department of Transportation spent less than 7 percent of the nearly $400 million in collected revenues that lawmakers promised would go toward fixing deteriorating roads and bridges statewide, according to recently released records. As of Sept. 30, about $25.7 million, or […]

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$312 million in gas-tax-hike funds unspent through August

October 10, 2018

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By RICK BRUNDRETT As of Aug. 31, the state of South Carolina was sitting on nearly $312 million in revenues from the gas-tax-hike law that took effect more than 15 months ago – despite promises from lawmakers that the money would go toward fixing crumbling roads. Newly released records from the S.C. Department of Transportation […]

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First 13 months of gas-tax-hike law: Little spent, roads not fixed

September 27, 2018

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By RICK BRUNDRETT The S.C. Department of Transportation continues to sit on most of the hundreds of millions of dollars collected since the gas-tax-hike law went into effect nearly 15 months ago. Less than $9 million, or 2.7 percent, of the $324.2 million collected between July 1, 2017, and July 31 of this year was […]

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Many S.C. counties left out of gas-tax-hike spending by state

September 12, 2018

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By RICK BRUNDRETT In the first year of a controversial law hiking the state’s gasoline tax and other fees, the S.C. Department of Transportation spent no proceeds in 20 of South Carolina’s 46 counties, newly released records show. Overall, only about $7 million, or 2.2 percent, of $312.6 million in total revenues collected from July […]

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Year 1 of the gas-tax-hike law: Hundreds of millions collected, little spent

August 22, 2018

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  By RICK BRUNDRETT One year after the state law took effect hiking the gasoline tax and other fees that lawmakers promised would go toward fixing South Carolina’s deteriorating roads and bridges, motorists continue to see little results for their money. Documents with the state Department of Transportation and Comptroller General’s Office show that of […]

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Gas tax hike: Millions collected, but rough roads remain in S.C.

March 21, 2018

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By RICK BRUNDRETT Nearly nine months after the state law took effect hiking the gasoline tax and other taxes and fees – purportedly to fix South Carolina’s crumbling roads – the authorized money has yet to be spent, though more than $131 million has been collected. At least that’s what online records from Comptroller General […]

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