AP: South Carolina's anti-debt gov OK'd $1B in borrowing

AP News
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Posted: Mar 24, 2015 11:07 AM

COLUMBIA, S.C. (AP) — South Carolina Gov. Nikki Haley berated House GOP leaders for proposing to borrow about $500 million for building projects statewide. But an Associated Press review found she's approved more than $1 billion in state-backed borrowing as head of the state's financial oversight board.

The Republican governor said borrowing is meant for big things that aren't the normal course of business.

Yet the AP review of Budget and Control Board documents shows Haley has approved paying for small projects such as plumbing upgrades and roof repair through bonding. The oversight board Haley chairs has approved funding more than $1.1 billion worth of new projects at South Carolina's public colleges through bonds.

Last week, Haley said she objected to how the House bill was handled but could support a different bond package.