About Us

The Treasurer's Office Has 10 Major Duties

Cash Management
Management of 37 State of Maine bank accounts, receipt of all State revenues, and distribution of over 2 million vendor and payroll checks, as well as 506,000 electronic payments each year.
Investments
State revenues are held and invested through the Treasurer's Cash Pool Portfolio.
Revenue Forecasting
Five revenue lines are projected by the Treasurer for the Revenue Forecasting Committee.
Cash Management Improvement Act (CMIA)
Assists State Agencies with CMIA compliance.
Trusts & Custodial Services
Acts as trustee for one of the Baxter State Park Trusts, the State's Several Trusts and the Land Trust.
Bonds
Issues the State's General Obligation bonds and coordinates Maine's presentations to Bond Rating Agencies.
Revenue Sharing
Distributes monthly revenue sharing funds to 492 municipalities.
Unclaimed Property
Manages Maine's Unclaimed Property effort that reunites lost property with its rightful owner.
NextGen College Investing Program
Chairs the investment advisory committee for the Nextgen College Investing Program.
Tobacco Settlement
Projects and receives Maine's annual payments resulting from the Master Settlement Agreement between the States and certain cigarette manufacturer.