Calls for the resignation of South Carolina’s state treasurer Curtis Loftis are growing following a report on a $1.8 billion accounting blunder. State Republican Senator Larry Grooms is leading the charge, stating that Loftis neglected his duties and lied about the money’s existence. The report claims that Loftis’s actions have put the state’s financial future at risk and that leaving him as treasurer would cause irreparable harm.
Lawmakers are considering taking constitutional steps to remove Loftis from office, citing willful neglect of duty. This could have serious implications for the state’s ability to borrow money, as taxpayers may have to pay more for essential items like schools and roads.
In response to the calls for resignation, Loftis has maintained that the real threat to South Carolina’s finances comes from politically-motivated attacks on his office. However, the investigation into the accounting error and the subsequent report have raised questions about Loftis’s ability to manage the state’s finances.
The scandal surrounding the $1.8 billion accounting mistake has shaken the trust that South Carolinians have in their elected officials. If Loftis is removed from office, it would signal a significant shift in the state’s leadership and could have far-reaching consequences for its financial stability. Stay tuned to Queen City News for the latest updates on this developing story.
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