Tag Archives: surpluses

No shortage of budget pork amid COVID-19 outbreak

December 11, 2020

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By RICK BRUNDRETT When lawmakers return in January for a new legislative session, they likely will claim they will have far less money to spend next fiscal year because of the coronavirus outbreak. But state government is far from poor, at least judging by agencies’ budget requests for fiscal 2021-22, which starts July 1 – […]

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The $4 billion state officials are keeping secret

September 18, 2020

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By RICK BRUNDRETT Many politicians and other government officials don’t want to publicly acknowledge the huge surpluses that state agencies accumulate year after year. Even amid the coronavirus outbreak in South Carolina, 101 state agencies and two major state accounts collectively ended the fiscal year on June 30 with at least $4.3 billion in “other” […]

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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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