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

[dalton99a]

https://apnews.com/article/south-carolina-missing-money-treasurer-comptroller-85ae9a632712477b0f8e354aee226d11

South Carolina has $1.8 billion but doesn’t know where the money came from or where it should go
By JEFFREY COLLINS
Updated 9:21 PM CDT, March 26, 2024

COLUMBIA, S.C. (AP) — South Carolina has collected about $1.8 billion in a bank account over the past decade and state and private accountants are still trying to figure out where the cash came from and where it was supposed to go.

“It’s like going into your bank and the bank president tells you we have a lot of money in our vault but we just don’t know who it belongs to,” said Republican Sen. Larry Grooms, who is leading a Senate panel investigating the problem.

It’s the latest trouble with the state’s books and the two agencies, typically led by elected officials, that are in charge of making sure government accounts stay balanced.

Last year, the elected Republican comptroller general — the state’s top accountant — resigned after his agency started double posting money in higher education accounts, leading to a $3.5 billion error that was all on paper. The problem started as the state shifted computer systems in the 2010s.

....

______________________________________________________________________________________________

GOP accounting at its finest

[Tree Lady]

1. Well here in Oregon we have a kicker

every two years any extra money not used goes back to the people at tax time.

[dawg]

2. Um ... I think that's my money.

Something to do with sales tax on a car I bought in Greenville a few years back.

[Think. Again.]

3. There seems to be a clue to the mystery in this sentence...

"...the elected Republican comptroller general — the state’s top accountant..."