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Arkansas Treasurer reports $6.83 million in Q1 portfolio revenue, touts $400 million returned to state since taking office
Summary
State Treasurer Milligan told the State Board of Finance that the Treasury earned $6,830,000 in Q1 FY2021 revenue (July 1–Sept 30), announced $400 million in cumulative returns since taking office, highlighted the Invest Arkansas program’s $50 million in state bond purchases, and noted a new investment-accounting hire; the board accepted the report.
Treasurer Milligan reported to the State Board of Finance that the Treasury’s investment portfolio generated $6,830,000 in revenue for the first quarter of fiscal 2021 (July 1–Sept. 30), consisting of about $1,000,000 from short-term holdings and roughly $5,750,000 from the long-term portfolio. The board accepted the report by voice vote.
Milligan said his administration has produced returns totaling $400,000,000 for the state since he took office. “As of September 30th, my administration is proud to have earned the…
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