{"id":2432902,"date":"2025-05-09T12:19:02","date_gmt":"2025-05-09T16:19:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-carolina-house-punts-on-vote-to-remove-state-treasurer\/"},"modified":"2025-05-09T12:21:00","modified_gmt":"2025-05-09T16:21:00","slug":"south-carolina-house-punts-on-vote-to-remove-state-treasurer","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-carolina-house-punts-on-vote-to-remove-state-treasurer\/","title":{"rendered":"South Carolina House punts on vote to remove state treasurer"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsouth-carolina-house-punts-on-vote-to-remove-state-treasurer%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2432902&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The South Carolina House of Representatives recently chose not to vote on removing State Treasurer Curtis Loftis after a $1.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/south-carolina-lawmakers-call-to-axe-treasurer-after-1-8-billion-accounting-error-washington-examiner\/\" title=\"... lawmakers call to axe ... after ....8 billion accounting error - Washington Examiner\">8 billion accounting error<\/a> came to light. An self-reliant audit revealed that $1.6 billion of the discrepancy stemmed from incorrect journal entries, with the remaining $200 million already reflected in the recorded bank balances. Following the findings, State Auditor George Kennedy resigned, prompting calls for Loftis to step down as well. Although a state Senate resolution to remove him passed, it did not advance in the House before the end of the legislative session. Speaker Murrell Smith suggested that the decision should be left to voters in the upcoming primary elections. Loftis is currently under investigation by the state inspector generalS office but maintains his commitment to accountability and transparency, expressing confidence that the investigation will affirm his office&#8217;s integrity. Despite the controversy, Loftis plans to seek reelection in 2026.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">South Carolina House punts on vote to remove state treasurer after $1.8 billion accounting error<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2117655\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/tag\/south-carolina\" target=\"_blank\" rel=\"noopener\" title=\"South Carolina\">South Carolina<\/a> Treasurer Curtis Loftis is not being removed from his office, for now, despite uproar after a $1.8 billion accounting error.<\/p>\n<p>In January, an independent audit <a href=\"https:\/\/admin.sc.gov\/sites\/admin\/files\/Documents\/OED\/AlixPartners%20Final%20Report%20011525.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">found<\/a>&nbsp;that $1.6 billion of the $1.8 billion&nbsp;<a href=\"https:\/\/apnews.com\/article\/south-carolina-missing-money-treasurer-comptroller-85ae9a632712477b0f8e354aee226d11\" target=\"_blank\" rel=\"noreferrer noopener\">believed<\/a>&nbsp;to have existed was the &ldquo;result of incorrect journal entries,&rdquo; while the remaining $200 million was &ldquo;already included in the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >reported bank balances&#038;rdquo<\/a>; of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/washington-residents-will-soon-receive-their-primary-election-ballots-in-the-mail\/\" title=\"Washington residents will soon receive their primary election ballots in the mail\">state treasurer&#038;rsquo<\/a>;s office. Shortly after the findings, State Auditor George Kennedy <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3299869\/south-carolina-auditor-quits-treasurer-vows-transparency-after-accounting-error\/\" target=\"_blank\" rel=\"noopener\" title=\"resigned\">resigned<\/a>, and lawmakers have called for Loftis to do the same.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3406615\/parents-dc-crash-pilot-praise-trump-modernization-air-traffic-control-system\/\">Parents of pilot killed in DC plane crash praise Trump&#8217;s modernization of air traffic control system<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3406555\/will-trump-tax-millionaires-new-bracket\/\">Trump sends mixed signals on new tax for millionaires: &#8216;Should probably not do it&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/state\/3406620\/maricopa-county-recorder-justin-heap-mail-unrequested-ballots\/\">Maricopa County recorder challenged over plan to mail unrequested ballots<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>The state Senate passed a resolution, 33-8, to remove Loftis from office last month, but the resolution would need the state House&rsquo;s passage to oust him. The South Carolina legislature&rsquo;s 2025 session ended Thursday, without the resolution passing in the House. GOP state House Speaker Murrell Smith said he would rather voters decide his fate.<\/p>\n<p>&ldquo;I think that there&rsquo;s not the will to remove the treasurer from what we have discussed with the vast majority of the members of our body,&rdquo; Smith told reporters, <a href=\"https:\/\/www.thestate.com\/news\/politics-government\/article306023856.html\" target=\"_blank\" rel=\"noopener\" title=\"per\">per<\/a> <em>The<\/em> <em>State<\/em>. &ldquo;The people will speak on the treasurer come next primary season, and\/or next November, and that&rsquo;s where it is.&rdquo;<\/p>\n<p>Loftis is being investigated by the state inspector general&rsquo;s office over the state treasury&rsquo;s operations. The embattled state treasurer has been cooperating with the investigation.<\/p>\n<p>&ldquo;Since taking office in 2010, I have consistently upheld the principles of accountability and transparency on behalf of the citizens of South Carolina. I welcome this review and the opportunity to evaluate our actions independently. Claims that the Treasurer&rsquo;s Office participated in a deliberate effort to mislead the legislature are entirely without merit,&rdquo; Loftis said about the investigation.<\/p>\n<p>&ldquo;Once the investigation concludes, I am confident the findings will reflect my office&rsquo;s integrity and diligence throughout this matter,&rdquo; he added.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3370367\/south-carolina-trump-dei-ban-state-senate\/\" target=\"_blank\" rel=\"noopener\" title=\"SOUTH CAROLINA EFFORT TO MIRROR TRUMP DEI BAN ADVANCES TO STATE SENATE\">SOUTH CAROLINA EFFORT TO MIRROR TRUMP DEI BAN ADVANCES TO STATE SENATE<\/a><\/strong><\/p>\n<p>Loftis is seeking reelection in 2026 despite uproar from politicians in both parties.<\/p>\n<p>&ldquo;I think it&rsquo;s fair to say that the House believes that removing him is not the appropriate action that we need to take and that we need to let the voters decide whether they want to keep him in office,&rdquo; Smith told reporters Thursday.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2117655\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2117655\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Carolina House delays vote on treasurer&#8217;s removal after $1.8B error<\/p>\n","protected":false},"author":2638,"featured_media":2432903,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/05\/curtis-loftis-south-carolina-treasurer.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[32450,5894,41960,54937],"class_list":["post-2432902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-house-vote","tag-politics","tag-south-carolina","tag-state-treasurer"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/05\/curtis-loftis-south-carolina-treasurer.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2432902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2432902"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2432902\/revisions"}],"predecessor-version":[{"id":2432906,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2432902\/revisions\/2432906"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2432903"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2432902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2432902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2432902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}