The headlines came fast and furious for former South Carolina comptroller general Richard Eckstrom last year. In early February, his office announced it had uncovered a $3.5 billion “anomaly” in the state’s general fund budget. This disclosure prompted a legislative investigation – followed by calls for Eckstrom’s head.
At issue? “Differences in the way the state was accounting for cash that was transferred over to colleges and universities,” according to the elected accountant. Specifically, he referenced “a huge amount of Covid money.”
A billion here … a billion there, right?
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Within two months, Eckstrom had resigned under pressure … and lawmakers were already engaged in a spitball fight over his replacement. Unable to settle on a successor, they punted to governor Henry McMaster – who made an interim appointment.
As for the money? It was chalked up to a “reporting error,” not a “cash error.”
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This week, anomalies are back in the news as S.C. auditor George Kennedy revealed the Palmetto State was apparently in much better shape financially than anyone realized.
How much better? A cool $1.8 billion better.
According to Kennedy, this money has been sitting in a “flow-through” account for the past five years.
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“The net amount in this account should always be zero,” Kennedy told lawmakers, according to a post from state senator Mike Fanning. “It has always been zero.”
Five years ago, though, this “flow-through” or “clearing” account inexplicably registered at $1.8 billion – and has remained at this level ever since.
“Who does the money belong to?” Fanning asked Kennedy. “Where was it supposed to go?”
According to Kennedy’s magic eight-ball, the reply is hazy. No one knows who “owns” this pot of money, he told state lawmakers.
(Click to view)
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South Carolina state auditor George Kennedy addresses a Senate subcommittee about a $1.8 billion funding discrepancy discovered by his office. (Facebook)
To his credit, Fanning acknowledged precisely who “owns” this pile of cash.
“This is taxpayer money,” Fanning noted.
Indeed … and it needs to stay that way. Based on the latest state revenue projections (.pdf) – which call for an estimated $400 million general fund surplus – there should be absolutely no issue whatsoever with lawmakers putting every single cent of this $1.8 billion into taxpayer rebates.
Put another way, they have no excuse to spend this money on bloated bureaucracy – which could provide a huge stimulus
For those of you keeping score at home, South Carolina’s “Republican” supermajority – or rather the special interest-led uniparty which likes to masquerade as a GOP supermajority – has been spending money hand over fist. “Republican” lawmakers blew a record $38.8 billion in the current fiscal year budget – which ends on June 30, 2024. And they are currently in the process of writing the budget for fiscal year 2024-2025, which according to our sources could eclipse $40 billion.
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That is definitionally unsustainable, people … something I have been preaching for years.
The GOP-controlled General Assembly has grown government faster than taxpayers’ ability to pay for it for decades, ignoring calls for broad-based income tax relief along the way. Once … just once … they need to put their bloated, ineffectual bureaucracies and crony capitalist overlords on the back burner and give the money back to the people for a change.
Individuals taxpayers and small businesses are struggling mightily right now. And while permanent tax cuts are infinitely preferable to one-time rebates, this pot of money could be a lifeline for these taxpayers and businesses – and the people who are relying on them to make ends meet.
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ABOUT THE AUTHOR …
(Travis Bell Photography)
Will Folks is the founding editor of the news outlet you are currently reading. Prior to founding FITSNews, he served as press secretary to the governor of South Carolina and before that he was a bass guitarist and dive bar bouncer. He lives in the Midlands region of the state with his wife and seven (soon to be eight) children.
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The Clemson Tigers are getting ready for what will be a crucial game in Week 14 against the South Carolina Gamecocks.
This rivalry matchup is not going to disappoint, as both teams are coming into the game as Top-25 schools. For the Tigers, there is a lot on the line in this matchup.
Due to Clemson not holding the tie-breaker against the Miami Hurricanes in the ACC and the SMU Mustangs already clinching a spot, the Tigers are going to have to hope for a Hurricanes’ loss to the Syracuse Orange if they are going to make the title game.
However, due to recent upsets in the SEC, another path might have emerged for Clemson to make the College Football Playoffs. If they can beat a Top-25 team in the Gamecocks on Saturday, it could be the type of statement win that propels them into an at-large bid.
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While making the CFP still might be realistic, they first and foremost have to handle South Carolina, which will be no easy task.
The Gamecocks have also had a great season, and they could present some matchup problems for Clemson.
On offense, South Carolina is a run first team. Stopping the run has been an issue at times for the Tigers, as they just recently got torched on the ground against The Citadel Bulldogs. If Clemson is unable to stop or at least slow down the rushing attack for the Gamecocks, it will allow them to control the pace of the game. That obviously wouldn’t be ideal for the Tigers.
Furthermore, on the defensive side of things, the Tigers’ offense is going to have their work cut out for them against a very strong Gamecocks defense. Clemson quarterback Cade Klubnik has had a very strong season and this could end up being a defining game of his college career.
Going back to the win against the Pittsburgh Panthers, the Tigers’ offense really struggled on the ground trying to run the football. If that’s the case once again in Week 14, it will fall on the shoulders of Klubnik to get the job done.
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This matchup could very well go down as one of the games of the week and potentially the year, with both teams being fairly even talent-wise on paper. For Clemson, this is a must-win game to keep their playoff hopes alive, as a win this late in the season against a Top-25 team would be a nice last thing to put on their resume.
Overall, the Tigers are going to need to have a balanced attack and prepare to stop the run if they are going to come away with the win against their rival.
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The entire police department of a small South Carolina town resigned en masse, leaving the area without its own dedicated police force.
Chief Bob Hale of the McColl Police Department announced his resignation on November 21 in a social media post, citing a “hostile work environment perpetuated by a specific Councilman.”
“For months, I have endured unwarranted and malicious behavior aimed at undermining my integrity and leadership,” Hale wrote. “These actions have not only affected me personally but have also created a toxic atmosphere that has hindered the department’s ability to function effectively.”
The chief also said his department’s resources had been severely cut. The four officers under his command quickly resigned as well.
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“At the end of the day, I have a family. And when my job is constantly getting threatened and certain things are getting said I’m not going to stay somewhere and tolerate that,” former McColl investigator Courtney Bulusan told WRAL.
“I’m not going to stay where I’m tolerated,” Bulusan said. “I’m going to go where I’m celebrated.”
As the town seeks new officers, the Marlboro County Sheriff’s Office will fill in for the department police force, according to South Carolina Public Radio.
The town has gone through six chiefs in the past four years. Hale’s tenure in the position lasted little over a year.
“I feel unsafe. Very unsafe,” resident Lisa Bowen told local outlet WPDE. “Because anytime anybody could do anything.”
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“They jump ship back and forth all the time,” Mayor George Garner told the Post and Courier newspaper. “This is nothing new.”
The paper reported that the councilman in question denied he had harassed any of the officers and told the paper the allegations were “hearsay.”
Such mass resignations, while uncommon, are not unprecedented.
The entire police force of Geary, Oklahoma, resigned earlier this month, Fox News reports.
UCLA’s win over No. 1 ranked South Carolina wasn’t a fluke, and Bruins center Lauren Betts says if you haven’t been paying attention, now would be the time to.
Let’s say the thing. It was not close on Sunday. From the opening tip to the final buzzer, UCLA commanded the floor and had an answer for everything the Gamecocks tried to do. The Bruins beat South Carolina on the boards (41-34), held four starters to under five points, and *checks notes* not a single starter went to the free-throw line. UGLY STUFF.
Furthermore, five UCLA players scored in double figures, including Londynn Jones, who was sensational from the line with five 3-pointers, and star center Lauren Betts, who had 11 points, 14 rebounds, four assists and four blocks. WHEW. Postgame, Betts raved about her team and how proud she was, but she also sent a direct warning to college basketball. “If you’ve been sleeping on UCLA,” Betts said. “You need to stop right now.”
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