Tag Archives: surplus

Gas-tax-hike piggy bank keeps growing fatter

April 30, 2021

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By RICK BRUNDRETT Through March, a special fund created with the state gas-tax-hike law had a cash balance of nearly $824 million and racked up more than $26 million in investment earnings on surpluses since July 2017, records show. The $823.8 million surplus in the “Infrastructure Maintenance Trust Fund” as of March 31 represented nearly […]

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Senators pushing plenty of pork projects through taxpayer-funded earmarks

April 28, 2021

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By RICK BRUNDRETT S.C. senators want to spend nearly $108 million next fiscal year on dozens of pet projects by funneling the money through state agencies that typically didn’t request the public dollars. More than half of the $107.9 million in labeled earmarks for fiscal year 2022, which starts July 1, would be spent collectively […]

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Gas-tax-hike surplus expands by $250M in one year while road projects lag

March 3, 2021

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By RICK BRUNDRETT In just one year, the surplus from state gas-tax-hike revenues grew by more than a quarter of a billion dollars, or 50%, to $752 million as of Jan. 31, records show. The Nerve repeatedly has pointed out the growing reserve that the S.C. Department of Transportation has been sitting on since the […]

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Plenty of pork in governor’s proposed state spending plan

January 22, 2021

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By RICK BRUNDRETT In touting Gov. Henry McMaster’s proposed fiscal 2022 state budget, his office in a recent news release contended it “significantly invests in the state’s core functions of government” while “maintaining his commitment” to “fiscally responsible practices.” But although emergency spending in response to the coronavirus outbreak in South Carolina likely will continue […]

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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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