Tag Archives: surplus

Governor secretive about $150M ‘infrastructure’ program

January 14, 2022

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By RICK BRUNDRETT Gov. Henry McMaster wants to more than double the state Department of Commerce’s budget, though neither he nor his Cabinet agency has provided details in official records on a proposed $150 million “infrastructure” program. McMaster’s requested appropriation for the “Strategic Economic Development Infrastructure” program, which was included in his fiscal 2022-23 state […]

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McMaster’s budget priority: Expanding interstates or fixing pothole-riddled roads?

January 12, 2022

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By RICK BRUNDRETT In unveiling his fiscal 2022-23 state budget this week, Gov. Henry McMaster proposed using $660 million in federal coronavirus-relief money to begin construction of Interstate 73 toward Myrtle Beach and widening I-26 between Columbia and Charleston. McMaster in a letter Monday to lawmakers contended that the federal money combined with nearly $600 […]

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SCDOT wants more gas-tax-hike money to spend while surplus grows

December 17, 2021

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By RICK BRUNDRETT The S.C. Department of Transportation wants approval to spend about $139 million more in state gas-tax-hike money for next fiscal year, though the agency as of October was sitting on a $955 million cash surplus generated from the revenues. DOT’s annual budget request, submitted by agency head Christy Hall to the state […]

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Raises continue to flow to well-paid House, Senate staffers

November 5, 2021

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By RICK BRUNDRETT Another year, another round of raises for higher-paid S.C. House and Senate staffers. The Nerve’s review of chamber records provided under the state Freedom of Information Act show that over the past year, 76 House staffers making at least $50,000 received raises ranging from $1,602 to $34,857. The median increase, which represents […]

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SC roads get ‘D’ grade as major repair projects remain unfinished

September 10, 2021

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By RICK BRUNDRETT South Carolina will need almost $43 billion more by 2040 to fix its bad roads and handle increased traffic with projected growth, according to the American Society of Civil Engineers, which gave the state’s roads a “D” grade in its annual infrastructure report card. Meanwhile, the S.C. Department of Transportation continues to […]

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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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Fiscal ‘21 ends with huge gas-tax-hike surplus amid unfinished projects

August 6, 2021

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By RICK BRUNDRETT Stuck in a pothole. For the fiscal year that ended June 30, a special fund created with the 2017 state gas-tax-hike law had an $896.1 million surplus – a 50% increase compared to the end of fiscal 2020, records show. Total collected revenues also grew by about the same rate over the […]

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Few S.C. bridges fixed with gas-tax-hike money

July 9, 2021

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By RICK BRUNDRETT Only three bridge projects have been completed in South Carolina with the nearly $2 billion in revenues collected under the 2017 state gas-tax-hike law, recently released transportation department records show. And although the S.C. Department of Transportation has identified 465 out of 750 “structurally deficient” bridges statewide to be replaced, other agency […]

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Earmark secrecy continues as state budget goes into effect

June 30, 2021

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By RICK BRUNDRETT In vetoing 226 budget earmarks totaling $152.5 million, Gov. Henry McMaster last week wrote that the “bulk of these earmarked appropriations still lack sufficient context, description, explanation of merit, or justification as to how the recipient intends to spend the funds.” That might be one of the biggest understatements on how lawmakers […]

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Lawmakers approve massive state budget stuffed with pork projects

June 22, 2021

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By RICK BRUNDRETT Lawmakers on Monday sent a strong message in adopting a state budget for the fiscal year that starts next week. Let the spending party begin – with your tax dollars. The Legislature overwhelmingly approved a $32.3 billion total budget for fiscal 2022, which includes state, federal and “other” funds, budget records show. […]

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