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State treasurer reports strong fee revenue from investments, asks modest staffing and cybersecurity support
Summary
State Treasurer described investment revenue generation for the general fund, reported rising returns in recent fiscal years, and asked for modest increases to staffing and IT to meet cybersecurity demands for quasi-governmental duties including 9-1-1 and other boards.
State Treasurer told the appropriations committee his office produced significant non-tax revenue for the state by managing short-term and quasi-governmental investments and asked for a modest increase in staff to handle cybersecurity and technology needs.
He reported the treasurer's office raised approximately $541 million in the prior fiscal year and is on track to raise $575…
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