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Treasurer Fitzpatrick Highlights 2021 Accomplishments

Wednesday, January 05, 2022
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                Jefferson City, MO – Missouri State Treasurer Scott Fitzpatrick today highlighted accomplishments from the past year.

 

                “As Treasurer, I am working hard to protect Missouri’s tax dollars, help Missourians save for the future, and increase government transparency,” Treasurer Fitzpatrick said. “My office continues to return record-breaking amounts of Unclaimed Property to rightful owners and find innovative ways to maximize returns. We’re also working hard to make programs like MOST 529 and MO ABLE as cost effective for participants as possible. It is an honor to serve as Missouri’s State Treasurer and I am excited to see what 2022 brings.”

 

As the state’s Chief Financial Officer, Treasurer Fitzpatrick is actively engaged in the management of state funds. The state’s investment portfolio surpassed $11 billion for the first time in Missouri history this year—up from $3.6 billion when the Treasurer took office. Missouri continues to maintain its AAA bond rating, the highest rating issued by Standard & Poor’s, Moody’s, and Fitch Ratings, one of the few states with the distinction of a triple-triple credit rating.

 

                The Treasurer’s Office returned over $48 million of Unclaimed Property to Missourians, a record-breaking amount. In just over a year, Treasurer Fitzpatrick’s partnership with the Department of Labor and Industrial Relations returned over $6 million to Missourians who applied for unemployment benefits.

 

                Treasurer Fitzpatrick has made helping Missouri families save for the future a priority. MOST, Missouri’s 529 Education Plan was once again one of the highest rated plans in the country, earning a silver rating from research firm Morningstar. MO ABLE, Missouri’s savings and investment plan for individuals with disabilities remains one of the largest ABLE plans in the country with over 2,870 accounts and $21 million in assets under management. The Treasurer is also partnering with employers across the state to make it easier for employees with disabilities or parents of children with disabilities to save for the future. This year several employers, including the University of Missouri System, partnered.

 

                A proponent of increasing government transparency, Treasurer Fitzpatrick has worked to expand access to expenditure data, growing the Show-Me Checkbook, one of the most comprehensive state financial data portals in the country, to include local governments. Currently, 21 local governments are participating with more in progress. He has also worked with the Missouri Housing Development Commission to improve transparency and efficiency within the low-income housing tax credit program. His efforts have resulted in higher value for tax credits meaning more housing can be built without additional spending.

 

               To learn more about the Treasurer’s Office, please visit treasurer.mo.gov.

 

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