South Carolina: How a $28 million contract for voting machines ballooned into $33 million election agency headache | Nick Reynolds/The Post and Courier.
State election officials brokered an agreement to avoid defaulting on a multi-million-dollar agreement for voting machines, quelling distant fears the bank that financed the deal could potentially repossess the equipment. The final price tag will run millions of dollars more than officials originally anticipated. In a settlement finalized at an Oct. 20 state Election Commission meeting, the agency’s governing board announced it would pay TD Bank around $33 million for its recent purchase of 3,240 ballot readers from voting tabulation firm ES&S on a delayed basis. The move averts an emerging minor fiscal crisis for the agency after officials learned it was unable to make the first $10 million payment to the bank last month due to a budgeting error. The miscue had sparked concerns from figures like state Treasurer Curtis Loftis that the bank could potentially repossess the machines and damage the state’s credit rating. Read Article
