South Carolina Treasurer Curtis Loftis Survives Impeachment Attempt Amid Accounting Controversy
Columbia, S.C. – South Carolina Treasurer Curtis Loftis is set to complete his term through the end of 2025 after the state House declined to act on a Senate-passed resolution seeking his removal. The resolution stemmed from a $1.8 billion accounting discrepancy involving a decade-old erroneous account with minimal actual funds, which had been undisclosed to lawmakers. Despite the Senate’s 33-8 vote in favor of his removal, House Speaker Murrell Smith stated there was insufficient time to address the matter before the legislative session concluded on May 8. (apnews.com)
Loftis, who has served as treasurer since 2011, characterized the investigation as a "witch hunt" and maintained that no funds were missing and that the errors did not originate from his office. He emphasized that the focus on these mistakes could jeopardize the state’s strong credit rating. (apnews.com)
Although the resolution remains active in committee, Loftis remains eligible to seek a fifth term in 2026. Candidate filings for the 2026 elections are set to begin in March, with the Republican primary scheduled for June. (apnews.com)
South Carolina Treasurer Survives Impeachment Attempt Amid Accounting Controversy:
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