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State Sen. Larry Grooms, R-Berkeley, introduced a resolution that directs the state treasurer to freeze $1.8 billion sitting in a state account until lawmakers can sort the money out.
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South Carolina has a new top accountant after a 20-year officeholder resigned amid pressure over a $3.5 billion reporting error. Brian Gaines is now the state comptroller general and will oversee an office that has received mounting scrutiny from lawmakers who want to dismantle its responsibilities. The shakeup comes after former Comptroller General Richard Eckstrom revealed the state's Annual Comprehensive Financial Report had exaggerated cash balances by double counting the money sent to colleges and universities.