By Lindsay Street, Statehouse correspondent | South Carolina ended the 2018 fiscal year on June 30 with $177 million more in the coffers than expected, according to a press release from the S.C. Comptroller’s Office.
But with great surplus comes great responsibility, or so Comptroller Richard Eckstrom warned.
Eckstrom
“It’s worth remembering that good times don’t last forever,” Eckstrom wrote. “The General Assembly would be wise to resist any ‘spending spree’ temptation, considering instead using some or all of the surplus revenue to shore up the state’s all-important rainy-day balances. Restraint now could avert a crisis in the lean years that are sure to come.”
↧