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Guest Column: The Evolving Story of South Carolina’s Treasurer

Treasurer Loftis Faces Scrutiny Amid Senate Proceedings

By Katrina Shealy

As a former South Carolina Senator, I have closely watched the proceedings involving Treasurer Curtis Loftis. The testimonies before Senate committees raise serious concerns about deception and disrespect that could harm our state’s legislative integrity.

Evidence indicates a deliberate attempt by Loftis and his staff to obscure details regarding the controversial $1.8 billion, a sum that may have never existed as initially claimed. Their evasiveness during inquiries eroded trust—a fundamental element in the relationship between the executive and legislative branches. Loftis’s dismissive tone and unwillingness to provide clear answers were unbecoming of an elected official.

A pivotal moment occurred after Loftis’s opening statements. Had his defense team concluded with a humble approach, they might have swayed some votes. Instead, the final attorney’s contemptuous arguments extinguished any goodwill. Consequently, support for Loftis dwindled.

The Senate’s response to Loftis’s conduct could have lasting repercussions for future accountability within our government. While frustration with Loftis is valid, the path taken raises concerns about the separation of powers. This situation could have prompted necessary reforms in our state’s financial oversight.

Moving forward, we should advocate for transforming the Treasurer’s office into a Cabinet-level agency, ensuring gubernatorial appointment with Senate consent, thus enhancing scrutiny and accountability. Establishing clear qualifications for the Treasurer position—such as expertise in finance or accounting—is vital for safeguarding taxpayer dollars.

This entire episode underscores the need for substantive discussions about governmental transparency and qualified leadership. Let us learn from this tumult and work towards meaningful changes that prioritize the citizens of South Carolina.


About the author: Katrina Shealy served South Carolina’s Senate District 23 and advocates for legislation promoting state reform.

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