Tag Archives: Richard Eckstrom

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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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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Lots of hands in S.C. pension and health insurance cookie jars

August 28, 2019

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By RICK BRUNDRETT When it comes to receiving taxpayer-funded state retirement and health insurance benefits, lots of folks have their hands out – and it’s not just government employees. Certain nonprofit organizations and quasi-government groups participate in the state pension and health insurance systems, which mainly cover state, county and local government agencies, as well […]

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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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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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No V.C. Summer concerns raised by obscure state panel that includes governor

April 18, 2018

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By RICK BRUNDRETT During the years-long V.C. Summer nuclear project, a little-known committee including the governor and four other elected statewide officials never met once to discuss the now-abandoned project. And despite all the controversy surrounding the $9 billion debacle, the Santee Cooper advisory board – made up of the governor, attorney general, comptroller general, […]

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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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