Monday, May 20, 2013

Latest local news, weather and high school sports from the Midlands

Year-end report means $15M tossed from SC budget
Posted: 08.30.2012 at 5:56 PM
0
South Carolina's lower-than-expected surplus means $15 million worth of projects disappears from the state budget.
Photo

COLUMBIA, S.C. (AP) -- South Carolina's lower-than-expected surplus means $15 million worth of projects disappears from the state budget.

That includes money for flood control in Darlington County, a flight academy for students at Patriots Point in Charleston Harbor, and bridge replacement at Kings Mountain State Park.

The state's chief accountant says the surplus for 2011-12 came in $14.7 million less than economic advisers projected.

The Legislature designated nearly $400 million in anticipated surplus as part of the 2012-13 budget. Those one-time designations were to be funded in the order listed, after Comptroller General Richard Eckstrom closed the books for last fiscal year. That happened Wednesday.

About 20 items at the bottom of the list won't be funded. Darlington County was slated to get $600,000 toward building a five-mile canal and retention pond.

Popular Stories
Thumbnail
Brett Parker murder trial resumes Monday
Yesterday at 3:16 PM  |  1 comment
Thumbnail
Who won the Powerball Jackpot?
Yesterday at 3:22 PM  |  1 comment
Thumbnail
Miss South Carolina USA hoping to bring crown to Palmetto State
Zoheb Hassanali  |  Yesterday at 5:52 PM
Follow Midlands Connect
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
MoneyWACH
Financial tips & tricks from Palmetto Citizens Federal Credit Union
Mission Midlands
A program from the Oliver Gospel Mission
MOJO Gallery
View and share your pictures from around the Midlands
ADVERTISEMENT