Tag Archives: Joint Bond Review Committee

Santee Cooper seeks state OK to dive deeper in debt

August 17, 2021

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Santee Cooper

By RICK BRUNDRETT State-owned utility Santee Cooper’s debt load is projected to grow by more than a half-billion dollars under a proposal that a legislative committee likely will rubber-stamp today. The utility’s board of directors in a special meeting Thursday approved asking the state Joint Bond Review Committee (JBRC) to allow the utility to sell […]

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Millions more proposed by S.C. House for ‘tourism marketing’

March 26, 2021

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By RICK BRUNDRETT Nearly $30 million in tax dollars could flow next fiscal year through the state tourism agency to regional tourism organizations for “tourism marketing” – with reduced or no private grant matches in contrast to larger matches required in prior years. The S.C. House version of the state budget for fiscal year 2022 […]

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$20M in COVID-19 funds earmarked for tourism marketing

October 9, 2020

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By RICK BRUNDRETT Gov. Henry McMaster plans to spend $20 million in state surplus money in response to the coronavirus outbreak in South Carolina, but it’s not for more testing, treatment or protective gear such as face masks. Instead, those funds will be spent on tourism marketing – most of it going to five tourism […]

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Gas-tax-hike law at 3 years: Completed jobs still lag way behind collections

August 13, 2020

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By RICK BRUNDRETT In the first three years of the gas-tax-hike law, the state collected more than $1.3 billion in revenues – enough to pay for almost all of the identified road and bridge projects statewide – yet is sitting on nearly half of the money, newly released records show. As of June 30, the […]

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S.C.’s massive debt load partly based on misleading state finance report

March 15, 2019

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By RICK BRUNDRETT When it comes to debt, the state of South Carolina is swimming in billions of it. Yet an important report on the state’s finances, issued by Comptroller General Richard Eckstrom – the state’s chief accountant – and considered a key document by credit rating agencies in evaluating state debt, according to an […]

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Powerful legislative chairman profits from state-funded groups

November 2, 2018

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Update: S.C. House Speaker Jay Lucas, R-Darlington, on 12/4/18 informed White that he would be removed from the Ways and Means Committee, according to a prepared statement from White on 12/5/18. White was transferred to the House Labor, Commerce and Industry Committee. Rep. Murrell Smith, R-Sumter, was appointed to replace White as the Ways and […]

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S.C. tourism agency worked secretly for months to buy Ted Turner’s island

April 5, 2018

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  By RICK BRUNDRETT South Carolina’s tourism department for months kept secret from the public its plans to buy an island owned by billionaire Ted Turner for what the agency director touts will be a “premium experience” for tourists. Beaufort County and school district officials joined in the secrecy surrounding the taxpayer-funded, approximately $5 million […]

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