Political newcomer opposing Loftis for treasurer - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Political newcomer opposing Loftis for treasurer

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Associated Press

COLUMBIA, S.C. (AP) - Treasurer Curtis Loftis is seeking a second term against a political newcomer who jumped into the race to give voters an option.

Brian Adams of Spartanburg recognizes the long odds of taking on an incumbent with little money. But he says he doesn't believe anyone should walk into another term.

The winner of the June 10 Republican primary essentially wins the job of chief financial officer. As in 2010, no Democrat is running.

Loftis says he wants to continue improvements to the treasurer's office, to include updating its decades-old computer software systems to more efficiently manage taxpayers' money.

Loftis has spent much of his tenure feuding with the Retirement Systems Investment Commission, the agency that invests South Carolina's pension portfolio. Adams says he wants to take a more cooperative approach.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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