Statement from State Treasurer Curtis Loftis on today’s Supreme Court decision

I would like to thank the State Supreme Court for their rapid response to our petition. We respect the Court’s decision but do note that our case was not dismissed on the merits. Rather the Court determined that it was not yet ripe for review – meaning that certain events have not yet occurred or fully developed to allow the Court to consider the issues at this time.

This does not lessen the seriousness of the concerns we have raised. The legal issues at the heart of our case remain unresolved, and we believe they still pose significant legal and public interest issues.

We are prepared to state our case before the Senate on Monday. We know this process will be more political theatrics than the formal trial one would expect to overturn a statewide election.

We stand ready to show the citizens of South Carolina that the State Treasurer’s Office has faithfully fulfilled our statutory duties to provide core financial management services to state government. I certainly hope that the senators will agree with us once all the information is shared.

To be clear, there was no mysterious bank account, no missing or stolen money, and all funds managed by my office are accounted for and reconciled to the bank. South Carolinians can rest assured that their money is safe and secure.

It’s time to put this political gamesmanship behind us and work together to reassure everyone of the strength of our financial system moving forward.

State Supreme Court Order