South Carolina legislators are trying to remove State Treasurer Curtis Loftis, alleging issues with the management of state finances. The effort is being led by Senators Larry Grooms and Stephen Goldfinch through a bill that could change how financial leaders in the state are appointed.
• The South Carolina Supreme Court will not hear a petition from Treasurer Loftis regarding the effort to remove him, with a Senate hearing set for April 21, 2025.
• Loftis has accused legislators of waging a "witch hunt" against him, claiming they are targeting financial leaders who oppose their spending proposals.
• A bill (S. 534) to remove Loftis was quickly advanced in the Senate, with a favorable vote, and could be debated on April 15.
• Loftis’s defense will be limited; although he can have legal counsel, he cannot call witnesses.
• Similar situations occurred with former Comptroller General Richard Eckstrom and State Auditor George Kennedy, who faced immense pressure and resigned.
• The issues stem from financial mismanagement tied to $1. 8 billion, with Loftis suggesting that accountability lies with the Senate Finance Committee.
• Loftis believes the desire for his removal is motivated by a wish for control over state finances, stating he stands in the way of legislators' access to taxpayer money.
Curtis Loftis’s battle to retain his position parallels earlier issues faced by other state financial leaders. Citizens are encouraged to urge their representatives to oppose the bills seeking to replace elected financial roles with appointed positions, emphasizing the importance of accountability to voters.
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