Columbia, SC (March 18, 2022) – State Treasurer Curtis Loftis announced he will seek re-election as the “State’s Banker,” who manages, invests and retains custody of $60 billion in public funds.
Recognized as the “Taxpayer’s Friend,” Loftis has overseen a comprehensive modernization of South Carolina’s financial operations while administering successful programs that encourage increased college savings, investment accounts for individuals with disabilities, financial literacy in K-12 schools and the return of hundreds of millions of dollars in unclaimed property to South Carolinians.
“It is a privilege to serve the citizens of this state, and I am excited to continue the important work of boosting the state’s investment earnings and saving taxpayer dollars by cutting costs and eliminating fraud. My professional staff works relentlessly to improve programs that enhance the financial well-being of our public agencies, our institutions and our citizens,” Loftis said. “I am grateful for the support I have received from hard-working people across this state and want them to know I’m still fighting for them.”
Loftis started his tenure by taking on the state’s pension fund managers and securing significant reforms that reduced fees, lowered risks, and increased the rate of returns, resulting in billions of dollars added to the bottom line. He also spearheaded significant technology upgrades that improved security and reduced the reliance on outdated processes.
South Carolina’s highly recognized Future Scholar 529 College Savings Plan now has almost $6 billion in assets under management and 200,000 + account holders, five times larger than it was when Loftis began his tenure. Loftis launched the Palmetto ABLE Savings Program in 2017, thus giving South Carolinians with disabilities a tax-advantaged investment vehicle to save without losing important federal benefits.
Treasurer Loftis has returned over $260,000 million, more than all previous state treasurers combined, in unclaimed funds to individuals, businesses, charities and other organizations.
Always an advocate for financial literacy, Loftis partnered with SC Economics to create the Financial Literacy Master Teacher Program. The program provides specialized training and curriculum resources to K-12 educators who teach financial literacy.
About Curtis Loftis
A native of Lexington County, Loftis graduated from the University of South Carolina. He is a successful small business owner as well as the founder and benefactor for the Saluda Charitable Foundation.
Visit his website at www.CurtisLoftis.comfor more information about supporting his campaign.