The Role of Treasurers in the States
State treasurers are responsible for providing independent oversight of public funds. They manage resources to meet state financial obligations and professionally invest money that is not immediately needed. Treasurers have numerous additional duties, including pension fund governance, administration of unclaimed property and college savings programs, and issuance of state debt. In these and other areas, they serve as guardians of the public purse.
About the Author
Kevin Johnson is communications director with the National Association of State Treasurers.