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State Treasurer reports $13.18 million in Q1 revenue; board accepts report
Summary
Treasurer Milligan told the State Board of Finance the treasury earned $13,180,000 in Q1 FY2022 and that long-term portfolio returns were notably higher than a year earlier; the board accepted the investment report without further questions.
Treasurer Milligan reported to the State Board of Finance that the Treasury’s portfolio produced $13,180,000 in revenue for the first quarter of fiscal 2022, covering July 1 through Sept. 30, 2021. Milligan said the long-term portfolio earned about $12,500,000 in the quarter compared with $5,750,000 for the same period a year earlier, and the short-term portfolio returned roughly…
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