Politics

Accommodations Tax Fuels MB Chamber Greed

When Horry County Council begins in-depth considerations of next year’s budget later this week, the question of how much accommodations tax revenue goes to the Myrtle Beach Area Chamber of Commerce will be a major point of discussion.

While the accommodations tax concept is to help meet the costs of expanded services required by the introduction of millions of visitors to an area, the state law allowing accommodations tax collections requires 30 percent of the revenue generated to be spent on tourism marketing. This provision was one of the trade-offs put in the law to get the buy-in of the tourism lobby.

For a number of years, that 30 percent, approximately $2.3 million from the unincorporated areas of the county, has gone to the Chamber in a block to spend on its marketing efforts.

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Supreme Showdown Over State Pension Fund (Updated)

S.C. Treasurer Curtis Loftis and the S.C. Retirement System Investment Commission will have a showdown in court Tuesday April 16th over transparency of retirement funds.

The commission, of which Loftis is a voting member, is suing Loftis in his position as custodian of the trust fund. The S.C. Supreme Court has accepted original jurisdiction on the case and has agreed to expedite a decision.

The court is holding in abeyance a decision whether documents and exhibits associated with the case will be allowed under seal or whether they will be part of the public record of the case.

At issue is Loftis’ refusal to sign a $50 million check for an “alternative investment” of state pension funds managed by investment firm Warburg Pincus. Loftis said he would not sign the check until the attorney for the SCRSIC has officially notified him in writing that all fees and other charges associated with the proposed investment are those approved by vote of the commissioners.

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Awendaw’s Missing Money Partie Deux

According to a source with significant knowledge of the town’s finances who spoke on conditions of anonymity, Nichols had done audits of four prior years, all at the same time, after the S.C. Municipal Association had gotten the town’s financial records in order. The town, reportedly, had not had audits performed on an annual basis since the 2002-03 time frame.

Mr. Nichols reported nine significant deficiencies with town records. The lack of documentation and the lack of internal controls led Nichols to issue an adverse opinion on the audit.

According to the source, 41 percent of the town’s transactions were not approved with 30 percent of the funds spent not approved, a sum of over $200,000, according to our source.

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Budgets – Cuts, Spending and You

The expenditure of public tax dollars will be the focus of discussions throughout the state over the next several months as the state and local government budgets are finalized for the upcoming fiscal year.

This is crunch time for the individual taxpayer and a process that every citizen should be aware of but, unfortunately, relatively few will pay any attention.

We would include the federal government here if it ever decided to pass a budget, but continuing funding resolutions combined with the infamous sequestration is the best they can do in the nation’s capital.

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Sanford Easily in SC 1st Congressional District

Mark Sanford is two-thirds of the way back to Congress after disposing of Curtis Bostic rather easily Tuesday night in a primary runoff for the Republican nomination for the SC 1st Congressional District seat in the U.S. House of Representatives.

Sanford won by a 57% – 43% margin with just over 10% of the registered voters showing up to cast a ballot.

The only remaining obstacle to Sanford’s successful return to Washington is Democratic nominee Elizabeth Colbert Busch.

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Showdown on SC Pension Fund Fees

SC Treasurer Curtis Loftis is holding up signing a $50 million investment check for the SC public pension fund until he receives confirmation in writing that the fees associated with the investment are the same as the SC Retirement System Investment Commission approved by recorded vote.

Loftis said, for years, commission attorneys have given verbal confirmation that the fees are the same as voted on. Reportedly, an email with this confirmation was sent to Loftis in this case.

However, the treasurer specifically requested a signed letter with that confirmation and, to date, he has been unable to get one. If the confirmation is accurate, why is it so difficult for Loftis to get written notice of that fact?

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Transparency and Reform Dead on Vine

Ethics reform and government transparency sounded great on the campaign trails last fall, but the reality in Columbia is another year will pass without any meaningful changes taking place in state government.

The S.C. General Assembly is up to its old tricks of exempting itself from the laws that govern all other elected officials in the state.

Two bills that may have added real oversight over state legislators appear to be dead on the vine. One would have gotten rid of the House and Senate ethics committees and put legislators under the same ethics commission that oversees all other public officials in the state.

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Government Monopoly Fever Spreading…

The urge to establish a government monopoly in sectors of the economy seems to be getting irresistible for local governments in South Carolina.

Currently this trend is being seen in county flow control ordinances that force municipalities and private waste haulers to dispose of their collected garbage and other solid waste at landfills owned or designated by county government.

Why is this such a big deal?

Because it supports inefficiently run government landfills and costs taxpayers money.

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Internet Sweepstakes Ban Passes SC House

A bill South Carolina legislators say will close the current loopholes in state gambling laws making internet sweepstakes games illegal is awaiting Gov. Nikki Haley’s signature to become law.

After failing to pass a similar bill last year, legislators wasted no time in this new legislative session getting the ban in place.

The legislation clarifies what has been a messy situation throughout the state where the games were considered illegal in some jurisdictions and legal in others. In Horry County it was both with Myrtle Beach allowing the games, until SLED raids closed several parlors in the city recently, while the games were considered illegal in the unincorporated areas of the county.

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Flow Control Debate to Senate Committee

The debate on whether the Horry County Solid Waste Authority should be allowed to continue a flow control monopoly over garbage generated in the county will move to the S.C. Senate Medical Affairs Committee March 21st.

Legislation called the ‘Business Freedom to Choose Act’ has already passed the S.C. House in this new legislative session. It is now up to the Senate to see if it will join the House in making a government established monopoly illegal.

The SWA will have Executive Director Danny Knight and Government Affairs Director Mike Bessant in attendance at the committee meeting to speak for maintaining the monopoly.

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