Showing posts with label SC Treasurer Curtis Loftis. Show all posts
Showing posts with label SC Treasurer Curtis Loftis. Show all posts

Thursday, May 1, 2025

Guest Columnist: Rep. Bill Taylor's Legislative Update


 

Guest Columnist: Rep. Bill Taylor, R-Aiken, District 86
May 1, 2025


 Dear Friends,

I rarely advise my legislative colleagues. After all, we are all elected by the people we serve. Citizens are our bosses and will hold us accountable for our votes and actions. Today, I make an exception and provide some friendly collegial advice.

Senators raise their pay

Unless you own a business, most folks don’t have the luxury of raising their salary. That’s precisely what the Senate did last week. During the Senate debate in passing their version of the state budget, an amendment was approved 24-15, giving every legislator a $18,000 pay raise. Fifteen Republicans, including our local senators, Tom Young and Shane Massey, had the good sense to reject the idea.

Some of those in favor of boosting pay justified voting themselves a hefty pay raise because they work hard and suffer a loss of income from business back home because of the time they devote to serving. Get a grip — you should have known the job's demands, and the puny salary when you ran for office.

The vote would increase legislators’ monthly allotment for “in-district compensation” from $1,000 to $2,500, from $12,000 to $30,000 annually. That’s in addition to a legislator’s $10,400 annual salary.

Right & wrong

Proponents argue a raise is needed to keep up with inflation. That’s both right and fair.

Legislator’s base pay of $10,000 was set in 1978 — nearly half a century ago. It was bumped up by $400 in 1990. To keep pace with inflation, that ’78 salary would need to be nearly 400% higher, to around $49,000. Conversely, reasonable pay in '78 is worth about $2,000 today. If you want everyday citizens to serve in the legislature, there needs to be fair compensation to allow them to take considerable time away from their paying job back home and still support their families. I warn those aspiring to serve in the legislature that it’s not a part-time job as critics contend.

The right way

I won't vote for the pay raise when the House considers the Senate's budget.

If legislators' compensation is to be increased, independent outsiders must determine what’s best. A commission of citizens from around the state, similar to the one that reviews and sets the salary of statewide Constitutional officers, should be responsible for providing an independent analysis of compensation needed to attract everyday citizens to augment the current legislative makeup of primarily lawyers, entrepreneurs, and retired folks, like me.

Senate sends budget back to House

The $14.4 billion General Fund spending plan approved by the Senate last week is similar to the version passed by the House in March.

Public school teachers scored pay raises in both plans, including a $1,500 raise in the minimum salary for teachers, a 2% raise for the state’s lowest-paid employees, and the completion of the legislature’s 2022 law, which phased in income tax cuts. That will reduce state revenues by more than $290 million in the fiscal year starting July 1.

House and Senate leadership paused earmarks in this year’s budget, upsetting some legislators who view earmarks as local community investments.

Eyes up, phone down

It took decades for Americans to abhor drunk driving. It hasn’t taken nearly as long for people to realize that distracted driving is deadly. It is six times more deadly, according to AAA. 85% of South Carolinians want drivers to put down their cell phones and keep their eyes on the road.

When I first filed Hands-Free legislation in 2018, I appropriately named it “DUI-E, Driving Under the Influence of Electronics.” The lawyer-legislators hated that title, so the DUI-E title got dropped.

This month, the House of Representatives finally met constituents' demands, passing the S.C. Hands Free and Distracted Driving Act 85-25. The Senate is poised to vote on it this week.

The federal government is promoting the passage of Hands-Free. It threatens to withhold $50 million of highway funding this year, increasing to $100 million next year, if we don’t enact legislation.

Securing S.C.’s monuments & history

Sen. Danny Verdin and I teamed up this month to protect South Carolina’s history. We worked together to file identical bills to protect all memorials on public property by expanding on the Heritage Act passed in 2000 to keep monuments in place. The Heritage Act gives the legislature sole authority over whether to remove or change the name of any building or memorial on public property commemorating American wars and Native American or African American history.

In recent years, some cities, towns, and school boards have removed memorials without permission. This bill strengthens the Heritage Act by withholding state financial support from those who violate the law. It also allows private organizations to file lawsuits to block the removal of monuments without authorization.

Senate moves to oust state treasurer

Last week, the Senate voted to remove State Treasurer Curtis Loftis from office for his role in a $1.8 billion accounting error that went unreported for years.

The Senate used an obscure constitutional measure to remove a statewide elected official from office — something never done before in our state’s history. Customarily, the House starts with impeachment proceedings. Legal scholars contend senators don’t have the authority to remove Loftis on their own. The House would need to approve his removal by two-thirds, requiring Gov. McMaster to take official action.

Loftis maintains he did nothing wrong and instead laid the blame for the error outside his office. He argued that no money went missing, and the investigation amounted to political theater. In his testimony before the Senate, Lofits acknowledged that his actions may have sometimes fallen short of expectations and promised to do a better job.
With only a few days remaining in this year's session, the House of Representatives is unlikely to take up this issue.

 

Sprint to the finish

With only a few days left in this year’s legislative session, the General Assembly has much to do. Except for the state budget, which must be passed, legislation not sent to the governor can be held over to next year. That would be regrettable, especially for critical issues.

We must finalize school choice legislation because parents and students are anxiously waiting. The Senate and House have agreed on a compromise, and hopefully, the Senate will vote to approve it this week. The bill will restore the Education Scholarship Trust Fund program for low and middle-income families, which the State Supreme Court nixed last fall.

 

Liquor liability legislation is on life support, with the House and Senate battling over competing legislation. It is a tug-of-war involving tort reform and the more narrowly focused liquor liability. Currently, bars and restaurants have to pay enormous increases in insurance premiums or close their doors, and they need help from the House bill.

 

Reforming our state’s progressive income tax system may be stymied because the clock is running out. Conservatives know a flat, fair tax is best. However, tax policy is difficult to change because the winds of resistance are strong. While work continues to improve the bill to ensure a majority of taxpayers benefit from lower taxes, the clock is not being kind.

 

Also hanging in the balance is the energy bill ensuring South Carolina meets its future energy needs. Another House vote awaits. The bill streamlines the regulatory process for electric utilities seeking to build and operate new power plants.

 

With the fentanyl crisis ravaging communities across our state, we must finalize the Drug-Induced Homicide Bill. This legislation would make it a felony – punishable by up to 30 years in prison – for anyone who unlawfully provides fentanyl that results in an overdose death.

 

At your service

If you enjoy catching up on Statehouse news in this monthly column, I invite you to sign up for my weekly Legislative Updates sent by email. It is as easy as submitting your email address at taylorschouse.com.

About the Author: 


Bill Taylor represents South Carolina House District 86. He was first elected in 2010. Taylor served as a consultant to the George W. Bush White House in ’91-’92. He is a former television reporter, producer, anchorman and news director and was an entrepreneur and media consultant/critic.

Bill is married to his wife Donna and raised two children together. The Taylors live in rural Aiken County.


What Say You? Got something you'd like to say? Letter to the Editor (Guest Column), praises, criticism, hate mail, news story tip or just want to say, howdy. Send them to Tony@palmettoexaminer.com

Tuesday, April 22, 2025

Republican Controlled Senate votes 38-8 for Removal of Republican SC Treasurer Curtis Loftis: How did your Senator Vote


South Carolina Republicans control the Senate by a majority of 43-9. It would seem highly unlikely for such a General Assembly to ever get a two-thirds vote for removal of one of the most popular republicans in the state that won his last election with nearly 80 percent of the vote, but that’s exactly what they did late Monday night.

22 Republicans joined all Democrats in a 38-8 vote to recommend the removal of State Treasurer Curtis Loftis from office in a never before used process (that is debatable if its even constitutional) to bypass the normal impeachment process that would begin in the House of Representatives before a formal trial in the Senate.

Instead, what we got was a process that didn’t allow witnesses, objections, the sharing of evidence with the defense or any of the testimony or allegations against Loftis was made under oath or subject to the penalty of perjury, but Loftis and his staff were made to be under oath and subjected to the penalty of perjury. That seems like due process, right? Give me a break!

And before someone tells my math isn’t mathing, five senators were on leave and did not vote. Here's how your Senator voted:  

AYES: 38

District 44, Brian Adams, R-Berkley
District 1, Thomas Alexander, R-Oconee
District 7, Karl B. Allen, D-Greenville
District 27, Allen Blackmon, R-Lancaster
District 43, George E. (Chip) Campsen III, R-Charleston
District 3, Richard Cash, R- Anderson
District 29, J.D. Chaplin, R-Darlington
District 18, Ronnie W. Cromer, R-Newberry
District 46, Tom Davis, R-Beaufort
District 19, Tameika Issac Devine, D-Richland
District 6, Jason Elliot, R-Greenville
District 10, Billy Garrett, R-Lexington
District 34, Stephen Goldfinch, R-Georgetown
District 35, Jeffrey Graham, D-Kershaw
District 37, Larry Grooms, R-Berkley
District 40, Brad Hutto, D-Orangeburg
District 23, Carlisle Kennedy, R-Lexington
District 11, Josh Kimbrell, R-Spartanburg
District 41, Matt Leber, R-Charleston
District 45, Margie Bright Matthews, D-Colleton
District 12, Roger A. Nutt, R-Spartanburg
District 26, Russell Ott, D-Calhoun
District 14, Harvey Peeler, R-Cherokee
District 33, Luke Rankin, R-Horry
District 2, Rex Rice, R-Pickens
District 32, Ronnie Sabb, D-Williamsburg
District 17, Everett Stubbs, R-York
District 20, Ed Sutton, D-Charleston
District 42, Deon T. Tedder, D-Charleston
District 8, Ross Turner, R-Greenville
District 9, Danny Verdin, R-Laurens
District 22, Overture Walker, D-Richland
District 24, Tom Young, R-Aiken


NAYS: 8

District 38, Sean Bennett, R-Dorchester
District 15, Wes Climer, R-York
District 5, Tom Corbin, R-Greenville
District 28, Greg Hembree, R-Horry
District 13, Shane Martin, R-Spartanburg
District 25, Shane Massey, R-Edgefield
District 31, Mike Reichenbaugh, R-Florence
District 36, Jeff Zell, R-Sumter

ON LEAVE/NOT VOTING:

District 39, Tom Fernadez, R-Dorchester
District 4, Michael Gambrell, R-Anderson
District 21, Darell Jackson, D-Richland
District 16, Michael Johnson, R-York
District 30, Kent Williams, D-Marion
 

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What Say You? Got something you'd like to say? Letter to the Editor (Guest Column), praises, criticism, hate mail, news story tip or just want to say, howdy. Send them to Tony@palmettoexaminer.com


Monday, April 21, 2025

Commentary: Senate doesn't understand, I don't understand the complexity of the Loftis case, but what I do understand is this is a Constitutional power grab.

South Carolina State Treasurer Curtis Loftis testifies before 
the Senate Monday in a hearing that lasted nearly 10 hours
on whether he should be removed from office.

Written by Tony J. Spain, Palmetto Examiner
April 21, 2024


After a long and drawn-out
State Senate trial, hearing, whatever you want to call it, that lasted nearly 10 hours, it has become evident that the Senate lacks a clear understanding of the operational procedures and responsibilities of the State Treasurer's office.  There is no clear understanding of how the comptroller office and the state auditor’s office differ from the Treasurer’s office.

Senators trying to compare the small business they manage or managed in there questioning to the comprehensive and complex systems of the entire state treasury, budget, and accounting systems is a joke.

And no matter how Curtis Loftis answers these questions over and over they still do not understand it.

I’m not even sure I understand it. What I do understand is the State Constitution of South Carolina is written in such a way that positions the legislature as the strong branch of government. The checks and balances in the system are ensured by the voters who elect the treasurer, comptroller and used to elect the state auditor up until 1933 when it became an appointed position through a process that involves the State Fiscal Accountability Authority, which includes the  Governor, State Treasurer, Comptroller General, Senate Finance Committee Chairman, and House Ways and Means Committee chairman.

If the Senate can control who is in the treasurer and the comptroller general’s office, they become an elected king of the state. This is and has always been a power grab.

They successfully got the comptroller general, Rick Eckstrom to resign in 2023, and replaced the elected position with Brian Gaines. In January, 2025, they successfully got State Auditor George Kennedy to resign and replaced by no one. The State Fiscal Accountability Authority currently controls the office.

The only person standing in there way now, Curtis Loftis, who refused to resign, has now been voted to be ousted by the Senate 33-8.  

We now wait to see what the House will do, if anything at all with about eight days left in the session. 

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What Say You? Got something you'd like to say? Letter to the Editor (Guest Column), praises, criticism, hate mail, news story tip or just want to say, howdy. Send them to Tony@palmettoexaminer.com 


WATCH LIVE: Unprecedented South Carolina Senate trial to remove State Treasurer Curtis Loftis

 


It's important to note in this Senate trial for removal of State Treasurer Curtis Loftis, which is hardly a trial, Sen. Larry Grooms, R-Berkley, and Sen. Stephen Goldfinch-R, Georgetown, are not required to or sworn to tell the truth, nor have they had to in previous finance committee hearings. However, they have always required a swearing of the truth for Treasurer Loftis and his staff.

Also, Loftis is not allowed to call witnesses, no objections can be made, and there is no requirements for a quorum of members to be present.

Folks, let's call this what it is. It isn't a trial; it's a kangaroo court. It's a sham!

Friday, April 11, 2025

State Treasurer Curtis Loftis isn’t going away quietly; files petition with State Supreme Court and announces reelection bid as more than a decade fight continues

 




Written by: Tony J. Spain, Palmetto Examiner
April 11, 2025


COLUMBIA, SC (PE)—South Carolina State Treasurer Curtis Loftis announced his attorneys have filed a petition with the state Supreme Court Thursday to stop a hearing that could remove him from office.

The Senate Finance committee is attempting to remove Loftis from office for “willfully neglected duties” stemming from a $1.8 million accounting error, which only existed on paper and does not involve actual money according to an independent audit.  

The court filing comes after State Senators initiated a rare constitutional process known as “removal on address” and schedules a hearing for April 21. The Senate’s stated procedures for the hearing allow no witnesses to be called, no objections to me made by the parties, and does not even establish requirements for a quorum of members to be present.

“This injunction is about ensuring fairness, transparency, and adherence to the rule of law, said Loftis. “I am asking the Supreme Court to step in and clarify whether the Senate is authorized to overturn a state election using this provision. The people of South Carolina deserve a process that upholds the law and the democratic principles they have entrusted to us.”

In his petition, Loftis cited Article XV of State code as evidence making the argument the constitutional section only applies to “state officers elected by the General Assembly” and “has certainly never been applied to statewide elected officials”

“No statewide elected official has ever been impeached or removed from office under the current State Constitution,” the petition says. “The State constitution clearly establishes a process for impeachment of officials elected on a statewide basis. The House of Representatives alone shall have the power of impeachment in cases of serious crimes or serious misconduct in office.”

“We trust the Supreme Court will provide the guidance needed to resolve this matter justly,” Loftis added. “My focus remains on serving the people of South Carolina and safeguarding their financial interest, as I have done throughout my tenure.”

Loftis has consistently maintained that the Senate’s actions are politically motivated and lack merit and an independent audit determined the bookkeeping errors were within the Comptroller General’s accounting system—not missing funds.

Sen. Larry Grooms, R-Berkley, who chairs the powerful Senate Sub Committee trying to remove Loftis, shares a different sentiment.

“I’m not saying there was a crime. I’m not saying there was a cover-up. But we knew that errors occurred and that the folks responsible for those errors chose not to try to correct them,” Grooms told reporters after a January report from an independent audit found the mistake was the result of an accounting error when the state converted from an old accounting system to a new one, and the Comptroller General’s Office classified entries as cash instead of budget dollars that was not real money. “The state’s books were a mess, but the problem began—and let me make this clear—the problem began in the State Treasurer’s Office.”

Groom’s subcommittee investigated the Comptroller General’s Office in 2023 for a related $3.5 billion accounting error. Legislative scrutiny was able to force Comptroller Richard Eskstrom to resign and the elected position be replaced by an appointment with Brian J. Gaines.

Now Grooms and his committee are on the attack against Loftis calling for his resignation while calling him a “liar” and his actions “treasonous” while under Senate immunity protections from any kind of libel or slander.

Loftis had announced last year his plans to retire and not seek re-election but has changed his mind and decided to fight back against the allegations against him and announced his bid for re-election accusing the Senate subcommittee of running a campaign of lies against him protected by immunity from the Senate floor.

“They have no obligation to tell the truth. They have protection if they slander you. They can libel you and conspire, and there’s nothing you can do about it,” Loftis said in an interview with Will Folks, FitsNews. “I walk into the room; I have to swear to tell the truth the whole truth. They can throw me in jail for perjury.”

This is not the first time Loftis has found himself in the cross hairs. He has been under scrutiny, investigated and threatened to be removed for more than a decade.

Since blowing the whistle in 2013 on the mismanagement of the State pension, they’ve been coming for Loftis. But that hasn't stopped him.  

In 2014, Loftis disclosed that the SC Retirement System Investment Commission was paying hundreds of millions per year in hidden fees to their special interests Wall Street friends, and in 2016 he called out the SC Investment Commission for costing the state $7 billion on bad investments.  

Loftis was first elected in 2010 to the Treasurer’s Office and was looking forward to retirement, but said he now must stay.

“I’m going to run again and I’m going to spend the money to buy ads to tell what’s happening. I can afford it and I’m going to do it,” he told Folks announcing his reelection bid. “I’ve got to stay. I can’t turn my back. I lost both my parents in the last few years and if my dad knew I turned my back when I was needed the most, you know I can’t do that.”

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About the Author:

Tony Spain is a former candidate for Richland County Council 2020 and an award winning former military photographer and journalist while in the Public Affairs Office for the U.S. Army. His photos and writing have been published in numerous publications such as The Commercial News, Danville, Ill.; The Paraglide, Fort Bragg, N.C.; Soldier of Fortune Magazine; The State Newspaper, Columbia, S.C., and more.

He lives in Columbia, S.C.

What Say You? Got something you'd like to say? Letter to the Editor (Guest Column), praises, criticism, hate mail, news story tip or just want to say, howdy. Send them to Tony@palmettoexaminer.com

Monday, April 7, 2025

SC Senate vs SC Treasurer Curtis Loftis in latest Columbia swamp fight that’s lasted more than a decade



South Carolina Treasurer, Curtis Loftis, finds himself in a Columbia, S.C. swamp fight with South Carolina senators who say they want to remove Loftis from office for “willfully neglected duties” stemming from a $1.8 billion accounting error, which only existed on paper and does not involve actual money.


The senate and the Columbia swamp are playing political games and trying to ruin a good man, but this is not new. This is a swamp fight that has been going on for nearly a decade. They’ve never liked Loftis. They’ve wanted to oust him since he blew the whistle in 2013 on the mismanagement of the State pension.

Do you remember when the SC Investment Commission cost the state $7billion on bad investments and the swamp in Columbia, then tried to go after Loftis? Palmetto Examiner remembers.

We also remember when Loftis disclosed that the investment commission was paying hundreds of millions per year in hidden fees to their special interest Wall Street friends. The Senate finance committee has been after him since.

They’ll go after anyone that will not bow to them. It’s why they want to take control of the elected office to be able to appoint their own swamp creature.

The office of the treasury belongs to the people of South Carolina. They should always deicide at the ballot box who is in it, not power-hungry power broker swamp creatures in Columbia by appointment. 

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