A longtime proponent of the abolishment of the South Carolina Budget and Control Board, State Treasurer Curtis Loftis says he has adjusted his thinking. In a recent interview with Greenwood affiliate WLMA, Loftis says the board has meetings that are open and that provides an avenue for citizens to find out about the state’s financial dealings — information that they as taxpayers should know.
Loftis says he can visualize a time in the future when the Budget and Control Board may no longer be needed, but for now the state’s financial business cannot be placed under the aegis of one government agency, department or political executive. Loftis says the Budget and Control Board provides an important level of transparency. Loftis says the current financial woes affecting the Department of Transportation would probably not have been made public if not for the existence of the Budget and Control Board.
AUDIO: Loftis says the Board provides an important level of transparency
The board is made up of the governor, the state treasurer, the comptroller general, the chairman of the Senate Finance Committee, and the chairman of the House Ways & Means Committee.
Anne Eller of WLMA Greenwood contributed to this story.