Panel rules it can’t force state to pay SC State’s debts
SEANNA ADCOX – The Associated Press reporting at The State.com:
An attorney for South Carolina State University’s property manager, DTZ Inc., said Wednesday the state is shirking its responsibility to pay the public school’s debt.
The financially troubled university has acknowledged it owes DTZ more than $5 million. But a legal panel ruled Wednesday it can’t force the state – and therefore taxpayers – to be responsible for S.C. State’s debt.
Well that sounds GREAT!!! but … how long do we think this will stand? Eventually, if things go according to … well how things go in SC, eventually the taxpayer will probably be forced to pony up the money for gross mismanagement.
Officials expected S.C. State’s debt to reach $23.5 million by the end of that month, which included state loans not paid back. The Legislature provided $4 million in the current state budget to pay down debt – rejecting a request by S.C. State’s acting president to erase it entirely.
As of Aug. 31, the school still owed vendors $12 million. DTZ is among six companies that account for 90 percent of the college’s debt. S.C. State’s dining hall provider, Sodexo, is owed the most, at $6 million, according to a spreadsheet provided by the state Department of Administration.
Schmidt called it unconscionable for the state to expect vendors to work for free on state-awarded contracts.
Just what is being taught at this university anyway? That it’s okay to not pay back loans? That the solution to a problem is just to “erase it entirely”?
WOW. Those students are being ill served by this university. Shameful.
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Source: http://www.spartanburgteaparty.org/2015/09/27/panel-rules-it-cant-force-state-to-pay-sc-states-debts/
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