Young Boozer today announced his candidacy for the position of State Treasurer of Alabama in 2022. He was recently appointed by Gov. Kay Ivey for the remainder of the term of current State Treasurer John McMillan. Boozer will take up his duties as of October 1, 2021.

“I am honored that Governor Ivey has appointed me for the remainder of John McMillan’s term as State Treasurer. Having served our State in this capacity from 2011 to 2019, it is an office that I know well and that fascinates me. It is also my pleasure to announce my candidacy for the position of State Treasurer in the 2022 election. I would be incredibly proud to serve the people of Alabama again. We have achieved many positive results during my tenure, but there is always room to go further. With my unique skills and experience, I would work to continue to improve all divisions of the Treasury, and to protect and preserve the PACT program, ”said Boozer.

While treasurer, Boozer negotiated a settlement for the financially struggling PACT University Savings Plan and established a college scholarship program that has awarded more than $ 8 million over the past nine years to 2,475 high school students in Alabama. He also transformed the Treasury into a self-financing office, which means it no longer requires support from the General State Fund. Boozer led the creation of the ABLE program, which saves people with disabilities money without compromising their public benefits. With these programs, he has worked tirelessly to improve investment options for the state and savings options for Alabamians.

Boozer’s financial expertise also played a pivotal role when he worked with the Legislature to enact multiple enhancements to the $ 4.4 billion Alabama Trust Fund, the most valuable financial asset in the state. “We have made improvements to provide a more stable source of income for the beneficiaries of the trust fund and to establish prudent and long-term management of ATF assets,” said Boozer.

Young Boozer was born in Birmingham and raised in Tuscaloosa. He received a BA in Economics from Stanford University and an MA in Finance from the Wharton School at the University of Pennsylvania. Over the past four decades, Boozer’s career has focused on banking, finance and investments.

Boozer served as Deputy Director of State Finance for Governor Bob Riley after retiring from the bank in 2007. During his tenure with the Alabama Department of Finance, he played a key role in the millions of taxpayer dollars saved through restructuring of government bond debt and derivatives.

He is a member and has held leadership positions in several organizations, including the Ascension Church in Montgomery, the Montgomery Rotary Club, the Alabama Shakespeare Festival, the Boy Scouts of America, and Stanford University.