National Association of State Treasurers

The nation’s state treasurers provide a wide range of financial management services to their constituents. They work to safeguard the financial interests of citizens through the professional management of college savings plans, unclaimed property programs and professional debt management efforts. Many are also actively involved in financial literacy efforts and they regularly offer their input and expertise on financial efforts at the federal level that have the potential to impact state treasuries.

The nation’s state treasurers provide financial management and accountability for a wide variety of public funds. In many states, they also work to safeguard the financial interests of citizens through professional management of college savings plans, unclaimed property programs and professional debt management efforts.
 

State treasurers from across the nation are supporting a National Association of State Treasurers resolution asking Moody’s Investors Service to carefully consider the consequences of its proposed changes to the way it analyzes public pension data. Twenty-four state treasurers adopted a 10-point resolution during the NAST Annual Conference asking Moody’s to consider revisions to its proposed pension reporting changes. The treasurers also requested the ability to review the revised procedure and the data prior to its public release.

State treasurers provide professional financial management and accountability for a variety of public funds. These include general operating funds and special funds such as unclaimed property programs. They also borrow money through the municipal debt market to finance state projects.

Prudent financial management is the heart of a state treasurer’s job. Making informed choices is critical to protecting public funds. Unfortunately, many of our citizens lack the tools to make good decisions about their personal finances.

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