s. 527 rsic reform: response from Treasurer

Treasurer Loftis expresses his strong opposition to s. 527 with a blistering letter to our sub-committee. He communicated his belief that this legislation will lead to higher taxes, employee contributions, and debt. He claims s. 527 is the fox guarding the henhouse. We’ve asked his office to submit the details of how this is concluded. Also, we’ve asked for the documentation from the credit rating agencies explaining how s. 527 will threaten South Carolina’s AAA credit rating. Attached is the letter our sub-committee received. More specifics to come soon. Click here to read his letter