Stanford and Wharton education, banking career and state banking service
Source-published biographyHe earned a degree in economics from Stanford University, then an MBA from the Wharton School at the University of Pennsylvania. He spent five years at Citibank in New York and two years at Crocker National Bank in Los Angeles before returning South, eventually serving as Executive Vice President at Colonial BancGroup for 22 years. He also served for two years as Assistant Superintendent of Banking for the Alabama State Banking Department.
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He earned a degree in economics from Stanford University, then an MBA from the Wharton School at the University of Pennsylvania. He spent five years at Citibank in New York and two years at Crocker National Bank in Los Angeles before returning South, eventually serving as Executive Vice President at Colonial BancGroup for 22 years. He also served for two years as Assistant Superintendent of Banking for the Alabama State Banking Department.
Campaign account of PACT college-savings administration
Source-published biographyBoozer spent the next fourteen years building PACT from insolvency to a sound program delivering valuable benefits to all students. Today, the fund operates with a surplus and has paid for more than 157,000 years of college. And every single year since 2015 — eleven consecutive years, without missing one — PACT has raised benefits for Alabama families. In total, PACT has paid $892 million in benefits and funded more than 157,000 years of college for our students. But most importantly, Boozer achieved the goals he set for the PACT program. Every family received payments and good value for their investments, and the last students are assured of full-tuition coverage. Promises made. Promises kept.
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Boozer spent the next fourteen years building PACT from insolvency to a sound program delivering valuable benefits to all students. Today, the fund operates with a surplus and has paid for more than 157,000 years of college. And every single year since 2015 — eleven consecutive years, without missing one — PACT has raised benefits for Alabama families. In total, PACT has paid $892 million in benefits and funded more than 157,000 years of college for our students. But most importantly, Boozer achieved the goals he set for the PACT program. Every family received payments and good value for their investments, and the last students are assured of full-tuition coverage. Promises made. Promises kept.
Campaign account of Treasurer’s Office funding and staffing
Source-published biographyIn January 2011, the Treasurer's Office cost Alabama taxpayers more than $1.7 million per year from the General Fund. Not anymore. Young Boozer restructured the office's funding model so that it pays for itself entirely — not through new fees or taxes, but through Unclaimed Property revenue generated by doing its job well. Since approximately 2013, the Treasurer's Office has drawn zero dollars from Alabama's General Fund. Staff fell from 46 employees to 25 — through natural attrition and managed retirements.
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In January 2011, the Treasurer's Office cost Alabama taxpayers more than $1.7 million per year from the General Fund. Not anymore. Young Boozer restructured the office's funding model so that it pays for itself entirely — not through new fees or taxes, but through Unclaimed Property revenue generated by doing its job well. Since approximately 2013, the Treasurer's Office has drawn zero dollars from Alabama's General Fund. Staff fell from 46 employees to 25 — through natural attrition and managed retirements.
Campaign account of Alabama Trust Fund growth and distributions
Source-published biographyThe Alabama Trust Fund is the state's sovereign wealth fund — built from natural gas royalties and managed for the long-term benefit of all Alabamians. Since Young Boozer became Treasurer in 2011, the fund has grown by $1.3 billion, a 34 percent increase. But that's not all Boozer achieved while in office. On top of the $1.3 billion in growth for Alabama taxpayers, the Alabama Trust Fund also distributed $2.38 billion over 13 years to state entities like the General Fund, Forever Wild, and Alabama cities and counties, to name a few.
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The Alabama Trust Fund is the state's sovereign wealth fund — built from natural gas royalties and managed for the long-term benefit of all Alabamians. Since Young Boozer became Treasurer in 2011, the fund has grown by $1.3 billion, a 34 percent increase. But that's not all Boozer achieved while in office. On top of the $1.3 billion in growth for Alabama taxpayers, the Alabama Trust Fund also distributed $2.38 billion over 13 years to state entities like the General Fund, Forever Wild, and Alabama cities and counties, to name a few.
Campaign account of unclaimed-property returns
Source-published biographyHis office actively hunts down owners and returns what is rightfully theirs — $45 million last year alone. Since Boozer took office, his Unclaimed Property Division has returned $587 million to Alabama citizens.
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His office actively hunts down owners and returns what is rightfully theirs — $45 million last year alone. Since Boozer took office, his Unclaimed Property Division has returned $587 million to Alabama citizens.
Administration of Alabama ABLE savings accounts
Source-published biographyYoung Boozer's office oversees Alabama ABLE, ensuring that Alabamians with disabilities have access to the financial tools they need to build more independent, more dignified lives.
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Young Boozer's office oversees Alabama ABLE, ensuring that Alabamians with disabilities have access to the financial tools they need to build more independent, more dignified lives.
There May Be Money Waiting for You Right Now — Because Young Boozer Has Spent 15 Years Finding It.
Candidate-statedThere May Be Money Waiting for You Right Now — Because Young Boozer Has Spent 15 Years Finding It.
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There May Be Money Waiting for You Right Now — Because Young Boozer Has Spent 15 Years Finding It.
