Post Tagged with: "Excess Cash"

Spending the State’s Excess Cash

September 10, 2012 9:20 PM
Spending the State’s Excess Cash

When S.C. Comptroller General Richard Eckstrom’s office reported recently that state agencies had approximately $166 million in excess cash from last year’s general fund budget, one place you knew it wouldn’t wind up is back with the taxpayer.

Politicians in this most conservative of states are constantly preaching the mantra of reduced spending, smaller, less intrusive government and greater individual freedom. It just never seems to work out that way.

The overall state general fund budget for FY 2012 was approximately $5.48 billion with state agencies not spending the $166 million mentioned above. General fund revenues are projected to increase during the current fiscal year, FY 2013, to $6.09 billion.

Read more ›