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State treasurer seeks pay equity, IT funds and authority for cash‑management changes; bill would transfer unclaimed property program
Summary
House Bill 1005: State Treasurer Thomas Beadle testified to the House Appropriations Government Operations Division on the treasurer’s budget and several administrative proposals in the executive recommendation, including a requested $250,000 salary‑equity package and a proposal to transfer the unclaimed‑property program to the Treasurer's Office.
House Bill 1005: State Treasurer Thomas Beadle testified before the House Appropriations Government Operations Division on the treasurer’s budget contained in HB1005 and discussed the office’s requests and several administrative proposals that appear in the executive recommendation.
What the treasurer requested: Beadle said his office had asked for $250,000 in salary equity funding to improve retention and bring staff pay closer to market; he said the Burgum administration’s executive recommendation (green sheets) included $100,000. He requested $110,000 for Information Technology Division (ITD) contracted programming hours in 2025–27 and a $7,000 adjustment tied to ITD rate changes. He also outlined support included in the governor’s budget for a cash management study implementation — $1.1 million in general funds that would provide two FTEs and about $400,000 in one‑time costs for software and setup — to advance statewide treasury and cash forecasting work.
Unclaimed property transfer: The executive recommendation included transferring the unclaimed property program from the Department of Trust…
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