Tag Archives: South Carolina

SC House: Privatizing school buses needs more study

Source: Gina Smith, Charlotte Observer, April 27, 2012

See also:
Proposal would hand SC school bus systems to districts
Source: Gina Smith, Herald, March 19, 2012
South Carolina School Bus Privatization Bill Amended but Issue Still Not Resolved
Source: Ryan Gray, Student Transportation News, 23 March 2012 13:22

South Carolina Bill Seeks to Strip State DOE of School Buses
Source: Ryan Gray, School Transportation News, 23 January 2012

New legislation recently introduced in the South Carolina General Assembly would require school districts beginning with the 2012-2013 school year to begin owning and operating their own school buses or to contract with third-party transportation providers.

Contractors: Privatized school bus system should not cost more / Haley seeks suggestions from contractors; school districts hope to keep some control

Source: Gina Smith, HeraldOnline, June 25, 2011

Eight bus-contracting companies say it is possible to privatize the state-operated school bus system in a way that will cost the state no more money and secure new school buses. At Gov. Nikki Haley’s request, companies from around the nation submitted recommendations this month on how to privatize the state-owned bus system….The most detailed recommendation submitted came from Student Transportation of America, North America’s third-largest school bus contractor….

…Gallagher said the state could get new buses, replacing the nation’s oldest school bus fleet, and get out of the bus maintenance business without spending more.

Last fiscal year, the state spent more than $112 million to operate the school bus system, according to state data. School districts collectively pitched in an additional $138 million….Results from previous state studies about whether privatizing school buses would save the state money have been mixed. A three-year study released last month by the state Department of Education found it cost the state more in time and money to contract with a privatized school bus shop than it had to run a state-owned shop.

Privatization effort for school buses cost state more, study says

Source: By GINA SMITH, The State (SC), May. 28, 2011

A new study finds that it costs the state more in time and money to run a privatized school bus maintenance and repair shop than state-run shops.

The three-year study, commissioned by the state Department of Education and released Friday, comes at a time when Gov. Nikki Haley’s office is looking into whether privatizing part, or all, of South Carolina’s school bus fleet would save the state money.

South Carolina is the only state that owns and maintains a statewide bus fleet. Its oldest-in-the-nation bus fleet averages more than 14 years in age and more than 200,000 miles on the odometer.

Toll Tug-of-War in South Carolina / Bankruptcy Sparks Tiff Over Revenue

Source:  Bond Buyer, Thursday, July 8, 2010 By Patrick Temple-West

Investors and the state of South Carolina are haggling over who will get a bigger share of revenue from a bankrupt bond-funded toll road.

Owners of $200 million of senior and subordinate bonds issued in 1998 by the Connector 2000 Association Inc. for the toll road outside Greenville say they should have precedence. But the state Department of Transportation says it wants more of the cash to help pay for maintenance of the road.

…. Under the license agreement, the state is obligated to maintain the highway but revenues have not been sufficient to reimburse the DOT. Those upkeep costs have put the state at odds with bondholders, who claim to be owed $369 million, including accreted interest, according to bankruptcy documents.