The Office of the State Treasurer Arizona is responsible for the banking and investment management duties for the state, provides investment services to local governments and exclusively manages the Permanent Land Endowment.
The Honorable Kimberly Yee serves as the 36th Treasurer of Arizona. As Arizona’s chief banking and investment officer, she safeguards approximately $23 billion in assets and stewards the cash management of Arizona’s $53 billion state budget and related payments to state agencies, local governments and public schools. Learn more about Treasurer Yee here.
Assets Under Management
Land Endowment Value
We protect, manage, and invest taxpayer money. Safe investing of public funds is our #1 priority. The Treasurer has approximately $23 Billion under management and stewards the cash management of Arizona’s $53 Billion state budget. Money comes into the Treasury through state and local taxes and fees paid by Arizonans and through the sale of state-owned land. These assets are entrusted to the Treasurer as the state’s investment officer. The Treasury invests assets in high-quality fixed-income and equity products. Our staff investment specialists monitor markets and work to maximize the state’s return on investment without compromising safety. All the while, the Treasurer maintains liquidity to meet cash flows. We help state agencies facilitate withdrawals of funds assigned to them, and we distribute funds to local governments, public schools, and other entities as required by state law.
The State Treasurer also serves as Arizona’s Banker. While not a bank itself, the Treasurer’s Office directs all state banking services and approves all banking and financial products used by state agencies, executes all state payments, and manages the state’s cash flow. As a protection for taxpayer money, the State Treasurer maintains a separate accounting system to provide a check and balance on the state accounting system and distributes investment earnings to the proper funds. The Treasury contracts with Arizona banks to process the state’s receipts and disbursements, money and security transfers, payment activity, and related banking services.
One of the initiatives of the Arizona State Treasurer's Office is to advance financial literacy throughout the state of Arizona, ensuring all Arizonans have the opportunity to attain proficiency in basic money management. The Financial Literacy Task Force implements an action plan to reach as many Arizonans as possible with the message of the importance of financial literacy.