Wednesday, March 27, 2024

SC comptroller, treasurer point fingers over an extra $1.8B sitting in a flow-through account. Origin unknown

What happens sometimes to taxpayers money! Here is one example!

"As the state tries to figure out where $1.8 billion sitting in a flow-through account belongs, the state treasurer and comptroller general appear to be at odds with each other.

A new report, conducted to learn how a $3.5 billion accounting error accumulated over 10 years under the previous comptroller general, points to an ongoing tension between the two constitutional offices, one of which invests state money before it needs to be spent, and one that serves as the state’s top accountant. ..."

SC comptroller, treasurer point fingers over $1.8B account | The State

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