South Carolina state agencies have amassed at least $381.1 million in surplus money according to a long-awaited report released recently by the S.C. Comptroller General’s office.
Worth noting? This estimate only covers surpluses generated from general fund dollars – which account for roughly one-third of total state spending. There could be hundreds of millions of dollars in additional surplus funding available from other sources of revenue. By far the biggest general fund surplus comes from Nikki Haley’s Department of Health and Human Services (SCDHHS) – which is currently $232.5 million in the black.
That’s good considering this is the agency which borrowed more than $200 million from South Carolina taxpayers two years ago – and which has been blowing tens of millions since then to expand the state’s Medicaid rolls.
So … will South Carolinians get repaid all the money owed to them by SCDHHS? And will we see a dime of the larger surplus balance?
Don’t be crazy. This is South Carolina, people – where “Republican” lawmakers and “conservative” S.C. Gov. Nikki Haley spend every penny of new money that comes into Columbia, S.C.
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S.C. Sen. Tom Davis (R-Beaufort) has consistently pushed for the creation of a “taxpayer rebate fund” which would route surpluses and “savings” back to the South Carolinians who subsidize the operation of government. Unfortunately the “GOP-controlled” State Senate has rejected his plan … twice.
That means every penny of this $381.1 million will be spent on more government …