State Auditor George Kennedy III, who has been caught in the middle of the state’s accounting issues, including over whether a mysterious $1.8 billion existed, resigned from his job Thursday, according to sources with knowledge of the resignation.
Kennedy has been auditor since October 2015. In a recent report by AlixPartners, the outside forensic auditors said his office was aware of the $1.8 billion listing in the state’s books even though most of it did not exist .
“It has been both an honor and a privilege to serve the State of South Carolina during the past nine years,” Kennedy wrote in his resignation letter obtained by The State. “However, I believe that it is in the best interest of the Office of State Auditor that I resign from my position as state auditor effective today.”…