State of Arizona
The Office of the State Treasurer of Arizona, led by Treasurer Kimberly Yee, is responsible for the banking and investment management duties of the state, safeguarding approximately $322 billion in assets while managing the cash flow of Arizona's $6.47 billion state budget. The Treasurer's office invests in high-quality fixed income and equity products to maximize returns on investments while maintaining liquidity to meet cash flow needs for state agencies and local governments.
In addition to its investment responsibilities, the Treasurer's office promotes financial literacy across Arizona, ensuring that residents have access to essential money management skills. Through initiatives like the Arizona Education Savings Plan (AZ529), the office aims to empower families to save for future educational opportunities.
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