About
The State Treasurer runs the bank for the State of Arizona and is an elected statewide constitutional officer. Treasurer Martin is currently second in line of succession to the Governor. As banker for the State, the Treasurer oversees approximately $10.3 billion in investments from both State and Local Governments. As the Chief Financial Officer for the state’s bank Treasurer Martin monitors cash flow and investments and advises state leaders on the fiscal situation of the State. (However only the Governor and Legislature control actual spending decisions, and they unfortunately ignored fiscal warnings by the Treasurer during this recession).
The State Treasurer is the trustee and manages over $2.2 billion of investments for the Arizona State Land Endowment Trust. There are 13 different investment pools for the endowment; the largest is the Public Common School Fund benefiting education. Millions of dollars each year are distributed directly to classrooms around Arizona as a result of our investments. To read more about how the Treasurer and the State Land Trust help education funding, click here.
The State Treasurer also provides investment services to local governments (counties, cities, towns, etc). Local governments may use the State Treasurer as an investment manager. By pooling their deposits with the State Treasurer, we can earn higher returns for both the State and local governments. We also provide same-day liquidity, and save local governments the cost of operating a duplicate trading room and investment accounting operation. Currently we manage over $4.3 billion for local governments in Arizona.
The Treasurer’s Office has three separate accounting divisions to track deposits, investments, transfers, and distributions. We track over 1,600 separate accounts for deposit, with over 500 accounts that can statutorily earn interest. Every dollar deposited earns investment income; revenue from non-interest earning eligible accounts is deposited in the General Fund. Last year we made and distributed profits of $218.2 million dollars, and since taking office Treasurer Martin and his team have made taxpayers $900 million in profits from investments!
The Treasurer’s Office also reconciles approximately one billion dollars of transactions each day (credits and debits). Our office pays all warrants for the State of Arizona, as well as wire transfers. We manage the state’s cash flow and daily forecast future cash needs. We also contract with armored car service to pick up deposits directly from state agencies and branch offices across Arizona so that your tax money is deposited, invested, and earning interest the same day!
We are committed to the implementation of the latest technology, acquiring and retaining the best staff possible to achieve maximum efficiency in our operations and focusing on the protection of taxpayer dollars. Thank you for visiting our website.
Make everybody take financial peace university by Dave Ramsey , and become debt free. Teach it in prisons, schools, state, county, and city government. Make the schools year round and give 2 week breaks every 10 weeks. Do not take federal bailout money. Cut MVD’s dept. by not setting up temporary weigh stations in the city but only on state and county roads. Strike an agreement with solar companies to put panels on every state building in return they keep the rebates and the state has free energy, put panels on the prison, on prison grounds create a mini solar plant on roof top. Use prison labor more around the state to clean roadside rest areas, mow lawns, spray chemicals in return for shorter sentences with low risk convicts and then certify them on that trade so they can get a job. Contract only to companies that will rehire convicts in turn for award of state contract in service sector only.