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Published 1 month ago

South Carolina has $1.8 billion but doesn't know where the money came from or where it should go

  • South Carolina is investigating $1.8 billion in unaccounted funds accumulated over a decade, causing confusion about its origin and purpose.
  • Inaccuracies in higher education account postings, poor communication between state offices, and calls for accountability from the Treasurer are highlighted in the investigation.
  • Despite unanswered questions and concerns, legislative leaders are awaiting a comprehensive report before accessing the disputed account.
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