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Tribune News Service
Tribune News Service
National
Joseph Bustos

South Carolina’s top accountant to resign after $3.5 billion accounting error

COLUMBIA, S.C. — South Carolina’s top accountant Richard Eckstrom says he will resign effective April 30 after disclosing to state lawmakers that he inflated the state’s cash balances for a decade, eventually reaching about $3.5 billion.

In a Thursday resignation letter to Gov. Henry McMaster, the comptroller general reiterated his advocacy that the Legislature move forward on legislation for a constitutional change to make his position appointed by the governor, rather than elected every four years by the voters.

“Over the course of my time in public office I have taken great pride in the responsibility trusted to me,” Eckstrom, 74, wrote in his letter to McMaster, obtained by The State Media Co. “I have been humble in my approach to the job an attribute I hope our constituents have recognized and will remember.”

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