South Carolina’s hidden piggy bank holds $2.4 billion


By Rick Brundrett | The Nerve

When state agency officials complain about not having enough money, they typically don’t talk about their budget surpluses.

In September, The Nerve reported that for the fiscal year that started last July 1, state agencies and a state fund used to pay off taxpayer-funded bonds collectively had $381.1 million in general fund reserves.

What wasn’t known at the time was how much state agencies had in “other” fund surpluses. The Nerve asked the Office of State Budget then for that information, but was informed those records wouldn’t be available publicly until Gov. Nikki Haley submitted her proposed state budget for fiscal 2015, which starts July 1 of this year.

at The Nerve.

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