Kevin Bryant

Lieutenant Governor of South Carolina

Lieutenant Governor of South Carolina

 

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$urplus to Trust Funds, School Buses, and Secondary Roads

February 8, 2006 by Kevin Bryant

If you’re reading this but not looking at the video feed, turn it on. What’s going on now is a debate over whether or not to repay the trust and reserve funds raided by the General Assembly over the last several years with current surplus dollars. The proposal puts $173 million back into trust funds that were raided during budget shortfall years. The total amount of dollars is uncertain, but should be at least $275 million and may reach $500 million. After the trust funds are replenished, $13 million will go to school bus purchases, and then what’s left will be directed to our secondary roads in desperate need of repair. I think of the fatal accident earlier this year when a local businessman ran off the dilapidating bridge on Brown road. Could these funds prevent these types of accidents? I would think so.

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