Monday, November 18, 2024
It seems the SC Public Pension Fund can’t help but make news. Unfortunately, most of it is not good.
In a recent article by asset international’s Chief Investment Officer magazine, the New York City and SC public pension funds were highlighted.
Both New York City and South Carolina spent approximately $500 million in fees last year and both are drawing considerable criticism for expending such amounts for public pension fund management.
By a margin of one vote, Horry County Council moved to benefit future generations of county residents by approving first reading of an amendment to the county’s solid waste flow control ordinance.
The amendment will remove construction and demolition debris from flow control regulation.
By taking this step, the HCSWA estimates it will lose approximately 35,000 tons of C&D waste from going to its Hwy 90 landfill. It must be noted, that estimate is purely speculative, but any loss of waste experienced by the HCSWA extends the life of the landfill to the benefit of future generations of Horry County residents.
A panel of four senators began hearings last week on the complaints of SC Treasurer Curtis Loftis about the SC Retirement System Investment Commission.
Panel co-chairman Sen. Joel Lourie said he hopes the panel can settle the complaints of the treasurer about what Loftis calls corruption and wasteful spending at the SCRSIC.
Since taking office and becoming a statutory member of the SCRSIC, Loftis has complained about the high fees paid by the commission, the low investment results despite these fees and the perks enjoyed by employees as well as the cloak of secrecy surrounding the decisions the employees make.
Attempting to head off an amendment to the Horry County solid waste flow control ordinance, council member Harold Worley said, “solid waste needs a Gestapo” in remarks to the county council Administration Committee Friday.
Worley, chairman of the admin committee and normally an advocate for citizens, has long been a strong supporter of the Horry County Solid Waste Authority, for reasons that remain a mystery.
Generally a master at directing debate on an issue, Worley resorted to hyperbole when his attempts to stall an amendment to the county flow control ordinance were flagging.
In the final act of the lawsuit brought by former Sandlands Landfill owner William Clyburn against Horry County, the fourth circuit court of appeals upheld the right of Horry County to establish a solid waste flow control ordinance.
This decision came down as county council is preparing to amend that very ordinance to remove construction and demolition debris from its regulation.
What is ironic is that the court upheld the county’s right to pass a flow control ordinance and now the Horry County Solid Waste Authority, the prime beneficiary of that law, is challenging the county’s right to amend the law.
A recent story in The Nerve detailed the internet publication’s difficulties in obtaining a letter from the SC Ethics Commission to Gov. Nikki Haley.
According to the story, a freedom of information request was sent September 5, 2013 to the commission requesting a copy of an August 28, 2013 letter commission attorney Cathy Hazelwood wrote to Gov. Nikki Haley directing the governor to reimburse the state for travel costs incurred by her and her campaign staff during a June trip to North Carolina.
Initially, commission executive director Herb Hayden responded by saying no such letter was sent.
Local funding for Coast RTA has been a topic of discussion, sometimes heated, for over a year.
The desire of Horry County Council to have more membership on the Coast RTA board almost cost the authority one-fourth of its funding from the county in the current fiscal year.
We are hearing a move may be made by some council members to substantially cut Horry County funding to Coast RTA in the 2014-15 fiscal year budget currently in its early stages of consideration by the county.
Sen. Lindsey Graham is right on target regarding the recent agreement between world powers and Iran on Iran’s nuclear development program.
Graham called the deal a “huge lost opportunity”. He said the deal allows Iran to remain on the edge of a breakout for producing nuclear weapons.
Graham is not alone. The governments of Saudi Arabia and Israel are both critical of the agreement, albeit for different reasons.
S.C. Treasurer Curtis Loftis was subjected to another attack by the good ole boys at the S.C. Retirement System Investment Commission last week when staffer and former state senator Greg Ryberg went on a 20 minute rant against him during a commission meeting last week.
SCRSIC chairman Reynolds Williams would not allow Loftis to respond to Ryberg’s mouthing off, which seems to be a new tactic to attempt to wear Loftis down.
Loftis is the only member of the commission who questions the expenses and results of the SCRSIC, so he is the only member who is truly representing the citizens of South Carolina.
The Horry County Infrastructure and Regulation Committee voted unanimously Thursday to remove construction and demolition waste from regulation under the county’s solid waste flow control ordinance.
The amended ordinance will now go to full council with a recommendation for approval. It will take three readings from council to make the amendment law.
The committee vote is a victory for small business and a reigning in of large, monopolistic government regulation of private business.
Speak Up…