S.C. lawmakers look at changes for state’s top accounting job

This November, South Carolina voters could have the choice to make a statewide position they currently elect – one appointed by the governor instead.
Published: Mar. 29, 2024 at 6:53 PM EDT

COLUMBIA, S.C. (WRDW/WAGT) - This November, South Carolina voters could have the choice to make a statewide position they currently elect – one appointed by the governor instead.

This week, state senators passed a resolution to put this question on the ballot for the position of comptroller general – South Carolina’s top accountant – who’s currently elected every four years.

House members still need to pass this resolution as well for the question to be on the ballot this year.

Then it would take a majority of voters to approve it – to make the state’s top accountant – an appointed office.

“The comptroller general really makes no policy decisions. They’re like your accountant. They balance your books. They make sure — they’re supposed to make sure — your books are balanced,” said state Sen. Sen. Chip Campsen, the resolution’s lead sponsor.

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This push from senators follows the ongoing unraveling of a $3.5 billion accounting error made over the course of years in the comptroller’s office.

Officials determined that was mistake on paper – but it led to former comptroller general Richard Eckstrom’s resignation last year.

Then in the last few months – the same Senate panel that uncovered that blunder – found out there’s another facet to it – with the treasurer’s office and actual cash involved this time – nearly $2 billion sitting in a state account right now.

And no one knows whose money it is.

“There seems to have been a loss of who the cash belongs to. It’s like going into your bank and the bank president tells you, ‘We’ve got a lot of money in the vault. We just don’t know who it belongs to.’ That’s not a good answer,” said Sen. Larry Grooms, R-Berkeley.

The investigation into this nearly two-billion-dollars -- has led to finger-pointing between new comptroller Brian Gaines – and Treasurer Curtis Loftis.

Next week, both men will appear before that Senate panel – as they try to get to the bottom of this latest debacle.

Comptroller Gaines was appointed last year by the governor – after his predecessor’s resignation.

Gaines has previously said he supports making this position one that’s always appointed – instead of elected every four years.