Tag Archives: reserves

The $5 billion surplus officials don’t talk about

September 8, 2021

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By RICK BRUNDRETT Out of this fiscal year’s $32.5 billion state budget, more than a third of it – nearly $12.3 billion – is made up of “other” funds. “Other” funds include such things as fees and fines, college tuition, lottery proceeds, state gasoline taxes, and part of the state sales tax earmarked for K-12 […]

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State surpluses keep growing. Taxpayers likely won’t get any of it back

August 25, 2021

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By RICK BRUNDRETT Lawmakers have far more state tax dollars to play with this fiscal year, though there has been no serious interest in returning any of it to taxpayers. In an annual report released earlier this month, S.C. comptroller general Richard Eckstrom – the state’s top accountant – said the state had a $1.024 […]

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How S.C. lawmakers increase their odds of staying in power

March 25, 2020

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By RICK BRUNDRETT Every 10 years, S.C. lawmakers re-exert their authority to draw legislative and congressional district lines based on updated population counts – a typically convoluted process aimed at protecting incumbents. While the 2020 U.S. Census is underway, state lawmakers quietly are planning to initially spend as much as $2 million on the “reapportionment” […]

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State agencies sitting on big reserves; lawmakers returning little to taxpayers

September 11, 2019

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By RICK BRUNDRETT If the S.C. House of Representatives decided to forgo its entire $22.7 million budget this fiscal year, it could still pay all of its expected bills – with more than $650,000 left over. That’s because the 124-member chamber carried over nearly $23.4 million in general funds into this fiscal year for its […]

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House, Senate chambers sitting on huge reserves while seeking more tax dollars

March 22, 2019

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By RICK BRUNDRETT The S.C. House and Senate know how to take care of each other – with taxpayer money. As The Nerve reported in September, the 124-member House carried over $25 million in general funds in its chamber budget for this fiscal year, which started July 1 – nearly $2.9 million more than its […]

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Number of higher-paid S.C. House, Senate staffers increasing

October 19, 2018

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By RICK BRUNDRETT The number of higher-paid staffers in the S.C. House and Senate keeps growing along with the annual chamber budgets. The House employs 75 staffers earning at least $50,000 annually, compared to 58 in 2015, chamber records show. The Senate has 68 employees in the $50,000-plus group, up from 60 in 2015. House […]

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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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