State Treasurer Curtis Loftis announced that the South Carolina Treasurer’s Office generated $1.7 billion in investment earnings over the past year, providing significant financial support for public schools, roads, public safety initiatives, and local governments across the state.
“This $1.7 billion benefits the taxpayers in the form of stronger schools, safer communities, and better infrastructure,” said Treasurer Loftis. “We don’t chase risky bets or play politics with your dollars. We invest carefully, monitor constantly, and deliver results.”
Since taking office in 2011, Loftis has emphasized transparency, accountability, and conservative financial principles in managing the state’s investment portfolio. His office follows the same disciplined standards used by major financial institutions, prioritizing safety, liquidity, and strong returns.
Loftis credited the Treasurer’s Office investment team for its consistency and expertise in delivering strong performance.
“This performance didn’t happen overnight,” he said. “It is the result of more than a decade of sound strategy. I’m proud of our staff, whose expertise ensures that taxpayer dollars are protected and put to work for the people. Even as the state addresses accounting challenges elsewhere, our office has kept our books balanced, maintained clean audits, and protected South Carolina’s strong credit ratings.”
Loftis said the work done by his office has helped lay a strong foundation for the state’s economic future.
“The state’s financial future is brighter because of the foundation we’ve built, and together we will keep it strong for generations to come.”