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S.C. finishes fiscal year with $123 million surplus


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#1 jasonluckydog

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Posted 20 August 2011 - 07:57 PM

COLUMBIA — South Carolina finished its fiscal year in July with a $123 million surplus.

A report from Comptroller General Richard Eckstrom released late Friday showed that the surplus came after the state covered a $222 million shortfall in the state’s Medicaid program.

The surplus was expected as South Carolina’s economy began to recover from the recession.

Eckstrom said the state still needs to be cautious with spending because the economy’s course is uncertain. He said legislators should look for ways to cut nonessential state spending and add money to the state’s reserve accounts.

http://www.postandco...illion-surplus/

That wasn't so hard.

#2 88 Bronco

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Posted 20 August 2011 - 09:01 PM

COLUMBIA — South Carolina finished its fiscal year in July with a $123 million surplus.

A report from Comptroller General Richard Eckstrom released late Friday showed that the surplus came after the state covered a $222 million shortfall in the state’s Medicaid program.

The surplus was expected as South Carolina’s economy began to recover from the recession.

Eckstrom said the state still needs to be cautious with spending because the economy’s course is uncertain. He said legislators should look for ways to cut nonessential state spending and add money to the state’s reserve accounts.

http://www.postandco...illion-surplus/

That wasn't so hard.


But South Carolinians r dum

#3 Gazi

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Posted 20 August 2011 - 10:33 PM

All that stimulus money they took.

#4 jasonluckydog

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Posted 21 August 2011 - 12:19 AM

All that stimulus money that was forced upon them.


Gov. Mark Sanford of South Carolina has just announced that he will reject about $700 million in federal stimulus money for his state, in his continuing battle with the White House over ways the money can be used.

Mr. Sanford was responding to the Obama administration’s second rejection of his requests to use about $700 million of South Carolina’s anticipated $2.8 billion in stimulus money to pay down some of the state’s debt. Peter R. Orszag, the director of the Office of Management and Budget, told him in a letter dated today that the new stimulus funds can only be used in these circumstances for government services, and cannot be applied to past debt.

Governor Sanford, a Republican, has been one of the most outspoken critics of the $787 billion stimulus act. In a statement released this afternoon, he said:


fixed

#5 Gazi

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Posted 21 August 2011 - 12:26 AM

it doesn't matter. Without it, this thread doesn't exist.

Last Holdout Governor Agrees to Accept Stimulus Aid

South Carolina Gov. Mark Sanford backed down yesterday from his standoff with the White House over stimulus funding, becoming the last governor in the nation to officially announce that his state will accept economic recovery aid.

Sanford complied with yesterday's deadline for governors to seek the money allocated by Congress and President Obama in the $787 billion stimulus bill.

http://www.washingto...9040301776.html

#6 cantrell

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Posted 21 August 2011 - 12:34 AM

A report from Comptroller General Richard Eckstrom released late Friday showed that the surplus came after the state covered a $222 million shortfall in the state’s Medicaid program.



http://www.stimulus.sc.gov/projects/


The U.S. Department of Health and Human Services (HHS) has announced $396,305,813 has been allocated to South Carolina for programs affecting healthcare. Most notably, South Carolina's Medicaid Federal Medical Assistance Percentage (FMAP) has increased from 70.07 percent to 79.36 percent using federal stimulus funds. The increase will last through Dec. 31, 2010.


How Much Money Will South Carolina Get Through FMAP?

The current estimated value of the FMAP increase is $275 million in FY 2009; $399 million in FY 2010; and $199 million in FY 2011. However, the actual amount realized is dependent on the amount of the state’s Medicaid expenditures because federal funds are not drawn until expenditures have been posted.


nope no stimulus funds involved here

#7 88 Bronco

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Posted 21 August 2011 - 05:08 PM

I thought we had a new governor?

#8 cookinwithgas

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Posted 21 August 2011 - 07:12 PM

Our surplus was forced upon us by evil Dems?

#9 TerriblePizza

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Posted 21 August 2011 - 07:19 PM

Now use that goddamned 123 million extra for education. I haven't got a pay raise in two years.

#10 jasonluckydog

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Posted 21 August 2011 - 07:32 PM

If you compare SC to other states that was forced money by the dems you will see we are still in the black compared to several states near bankruptcy.

#11 Gazi

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Posted 21 August 2011 - 07:42 PM

Our surplus was forced upon us by evil Dems?


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#12 Gazi

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Posted 21 August 2011 - 07:59 PM

If you compare SC to other states that was forced money by the dems you will see we are still in the black compared to several states near bankruptcy.


Yeay! we are #40. Take that rest of America! :lol:

#13 cookinwithgas

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Posted 22 August 2011 - 08:20 AM

Well to be fair they are like 49 or 50 in things like education.

#14 cookinwithgas

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Posted 22 August 2011 - 08:21 AM

Which I am sure is a source of pride for them.

#15 Zod

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Posted 22 August 2011 - 08:24 AM

whoopsie... lulz


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