Updated on December 9, 2016 by South Carolina Policy Council
● State issues bond debt through a murky, complicated process ● Process shields lawmakers from accountability for debt spending ● Real power belongs to two boards few citizens have even heard of ● Two lawmakers (probably not yours) have seats on both boards ● State’s general obligation bond debt now at $326 million and climbing ● State now saddled with …
Tag: State Fiscal Accountability Authority
How the State Uses Borrowed Money
Updated on December 9, 2016 by South Carolina Policy Council
● State issues bond debt through a murky, complicated process ● Process shields lawmakers from accountability for debt spending ● Real power belongs to two boards few citizens have even heard of ● Two lawmakers (probably not yours) have seats on both boards ● State’s general obligation bond debt now at $326 million and climbing ● State now saddled with …
Category: Budget Tags: State Fiscal Accountability Authority