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South Carolina State Auditor resigns from office

  • South Carolina State Auditor George Kennedy announced his immediate resignation on Thursday, just over a week after a forensic report revealed a $1.8 billion surplus that was largely an accounting error.
  • The report by AlixPartners found that about $1.6 billion of the surplus never existed, while $200 million was real but had been spent without proper accounting.
  • Governor Henry McMaster stated that he does not blame any one person for the situation and maintains confidence in State Treasurer Curtis Loftis.
  • Kennedy's resignation letter emphasized that it is in the best interest of the Office of the State Auditor for him to resign from his position.
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