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In the U.S., the state treasurer is a state's chief banker and money manager. The treasurer oversees all of the state's cash savings, debt and investments. The treasurer doesn't raise money through taxes -- the state legislature and the department of revenue does that -- but by selling bonds earning interest on investments [source: Oregon State ...
The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits.
7 Σεπ 2022 · The majority of US states employ a state treasurer to serve as the chief financial officer and chief banker of the state government.
In the United States, the treasurer of a state is the official charged with overseeing revenue and finances and generally acting as the state's chief banker. Every state in the United States has a treasurer, though some have a different official title for the office.
A state treasurer is an elected or appointed official responsible for overseeing the financial operations of a state government, including the management of state funds, investments, and financial reporting.
At the state level, the treasurer’s role can be far-reaching and comprehensive. State treasurers are responsible for overseeing the management of the state’s financial resources, which can involve various revenue streams and investments, including: Income tax; Sales tax; Federal grants; Pension funds; Debt portfolios
The state treasurer is a member of the executive branch of Washington state government, and manages Washington’s cash, investments, and debt portfolios. The state treasurer’s role was instituted upon ratification of the Constitution of the State of Washington in 1889.
