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S.C. Budget and Control Board sits on $1.4 billion in cash reserves, $70 million in unrestricted cash

June 26, 2010

“With $1.4 billion in cash reserves, and roughly $70 million in unrestricted cash now sitting in their bank accounts, we’re confident that the board can continue its current operations, and we’re committed to working with them on this front,” Sanford said. “For the board’s leadership to suggest otherwise, and even threaten to fire employees or cut essential services, is simply short-sighted, and we believe irresponsible.” ~Governor Mark Sanford

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