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SCDOT at risk of insolvency amid cash crisis
Charleston SC The South Carolina Department of Transportation faces imminent cash shortfalls with 28.3 million on hand and 120 million in immediate debts. The agency seeks 52 million in accelerated federal reimbursements, while balancing payroll 8 million and 12.6 million to the Infrastructure Bank. Governor Nikki Haley backs avoiding treasury borrowing. officials call for a credit line and emergency contingency planning.
MENTIONED IN THIS ARTICLE
Charleston
South Carolina
Transportation Department
Post and Courier
DOT
SCDOT
State Transportation Infrastructure Bank
Federal Highway Administration
Nikki Haley
Haley
Rob Godfrey
Transportation
Sarah Nuckles
Pete Poore
Poore
Scdot Nuckles