Columbia, S.C. – House Leaders Decline to Pursue Removal of State Treasurer Curtis Loftis
As South Carolina’s legislative session approaches its conclusion, House leaders have decided against pursuing the removal of State Treasurer Curtis Loftis, despite a recent push for his ousting. This decision follows a 33-8 Senate vote advocating for Loftis’s removal, prompted by allegations of neglecting his duties, which allegedly led to a $1.8 billion accounting error.
In a statement responding to the House’s decision, Loftis expressed gratitude towards House leadership for prioritizing the welfare of South Carolinians over political maneuvering. He emphasized his readiness to refocus on stabilizing the state’s financial system and moving past what he termed "baseless claims" from politically driven senators.
Loftis insisted that claims of missing funds or fraudulent activities are unfounded, stating, “There is no missing money, no mysterious bank account, absolutely no evidence of fraud, and every dollar is properly accounted for.” He highlighted that independent auditors corroborated his view, attributing the issue to a mere reporting error rather than a financial deficit.
Despite the controversy, Loftis pointed to South Carolina’s impressive financial record under his stewardship, maintaining a AAA credit rating and strong investment performance. He reiterated his commitment to transparency and accountability, vowing to ensure government actions serve the public interest rather than political elites.
"This isn’t the end. It’s just another chapter in the fight for transparency and accountability," Loftis asserted, thus signaling his intent to continue addressing the concerns of South Carolina citizens as he moves forward.
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