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Treasurer Seeks FTEs and IT for Cash Management; Unclaimed Property, CO2 Payments and Transparency Bills Could Change Costs
Summary
State Treasurer Thomas Beadle told the House Appropriations Government Operations Division that his office—s budget largely matches the Armstrong executive recommendation but that Armstrong removed several proposed FTEs and cash‑management investments the administration had previously included.
State Treasurer Thomas Beadle appeared before the House Appropriations Government Operations Division to review the Treasurer—s Office portion of the governor—s budget and to identify pending legislation that could affect the office—s workload and fiscal needs.
Beadle said Governor Armstrong—s recommendation closely tracked the Treasurer—s request on base pay adjustments and IT projects but removed a number of new FTEs and cash‑management items that the Burgum administration had proposed. The Treasurer—s office asked the committee to note several items that would still require funding or coordination if related bills pass, including a cash‑management steering committee proposal (House Bill 1278), possible incoming unclaimed property staff transfers, software and startup costs for a statewide cash‑management tool, and payments in lieu for certain CO2 pipeline projects.
Why it matters: the Treasurer—s office oversees short‑term management of large cash balances and several special funds; changes in…
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