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Tag: debt

“Sooey! Sooey!” – Our Preferred State Bond Approval Method


Bonds have been the talk of the General Assembly in recent weeks.

First we had the $500 million bond section attached to the end of the recent House budget bill. It came as a surprise to many of us and after considerable debate about the vetting process and validity of each project, the bond section was removed before the final budget vote. The House leadership made the right choice.

Now we have another bond bill arising from the murky depths of the Senate. Unlike the House version, it was not a surprise. Instead, after criticizing the House budgeting process, Sen. Hugh Leatherman announced it publicly in the Senate as you can see here. He went on to invite his fellow Senators and state agencies to add projects to the list . . . yes, the potential list. It closely resembles the House version that diedĀ as you can see on an evolvingĀ 2015 Senate Bond List.

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The Bond Defeat – Turning Bad Government Good

The South Carolina House voted last night to remove the $500 million bond section from the state appropriation act, also known as the state budget…

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