Tag Archives: State Transportation Infrastructure Bank

Lawmakers ignoring $500M piggy bank to fix SC’s bad roads

February 28, 2020

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By RICK BRUNDRETT While House budget writers have designated an extra $100 million next fiscal year for paving rural roads statewide, the S.C. Department of Transportation is sitting on a separate surplus of more than a half-billion dollars, newly released DOT records show. As of Jan. 31, a special fund created with the state gas-tax-hike […]

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First 2.5 years of gas-tax-hike law: Revenues far outpace completed projects

January 31, 2020

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By RICK BRUNDRETT No paving projects were completed between the end of November and December with gas-tax-hike funds in 37 of South Carolina’s 46 counties, though the state had nearly a half-billion dollars in available cash for those projects, records show. In the first two-and-a-half years of the gas-tax-hike law, a total of $1.04 billion […]

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Hundreds of unfinished paving projects in SC despite huge gas-tax-hike surplus

January 10, 2020

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By RICK BRUNDRETT Although nearly $1 billion has been collected since the state gas-tax-hike law went into effect more than two years ago, the S.C. Department of Transportation has completed less than 20% of identified paving projects statewide with those funds, newly released agency records show. The Nerve’s latest review found that of a total […]

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Relatively little gas-tax-hike money spent on major road-rebuilding projects

December 4, 2019

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By RICK BRUNDRETT Last week, the S.C. Department of Transportation announced that it had completed rebuilding a nine-mile stretch of Interstate 85 in Spartanburg County. Yet as of Oct. 31, DOT had completed just 17% of the total estimated cost of other identified “pavements” projects in the county with gas-tax-hike revenues, newly released agency records […]

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SCDOT still sitting on huge gas-tax-hike surpluses; few major projects completed

November 20, 2019

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By RICK BRUNDRETT For the fiscal year that starts next July 1, the state Department of Transportation wants renewed authority to spend surplus money – at least that’s what the agency requested as part of its proposed 2020-21 budget. As of June 30 of this year, the department had $1 billion in “other” fund reserves, […]

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Millions from civil settlements paid to S.C. AG’s Office, outside law firms

November 6, 2019

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By RICK BRUNDRETT Over the past four fiscal years, the state Attorney General’s Office settled 33 civil cases against various companies for a total of nearly $210 million, though agency records show that the proceeds typically didn’t go directly to affected South Carolina consumers. Instead, most of the money was used by lawmakers to help […]

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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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SCDOT continues slow pace of road repairs with gas-tax-hike money

September 18, 2019

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By RICK BRUNDRETT With the start of the third year of the state’s gas-tax-hike law, the S.C. Department of Transportation had completed less than 16% of $711.4 million in identified “pavements” projects statewide, newly released DOT records show. The Nerve last month revealed that DOT plans to complete about 2,300 miles of road repairs by […]

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