Tag Archives: state agencies

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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As South Carolinians’ income shrinks, state agency surpluses grow

September 3, 2020

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By RICK BRUNDRETT The S.C. Department of Commerce started fiscal 2021 with a $103.1 million general-fund surplus – more than double its reserves from a year ago. The S.C. House of Representatives had a $23.7 million surplus as of July 1 for its 124-member chamber – nearly $1 million more than its entire budget, records […]

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