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Deborah B. Goldberg, Massachusetts State Treasury posted on Facebook: Last night, the Treasurer joined Will Fleming, Lenny Dinardo, and Sean McDonough for the Jimmy Fund Radio-Telethon to return $176,224 of unclaimed property to the organization. Since 2006, Treasury has returned just under $4M to The Jimmy Fund and Dana-Farber Cancer Institute.
For nearly three decades, 529 college savings plans have demonstrated that families with greater financial resources are better positioned to save, benefit from investment growth, and accumulate more wealth. Our research found that among lower-income families with young children, fewer than one percent own a 529 account, compared with nearly three in ten of the highest-income families. Almost all of the money held in 529 accounts belongs to higher-income families, and more than three-quarters belongs to the wealthiest 10 percent alone.
-James A. Diossa and Darrick Hamilton, The Providence Journal
SACRAMENTO – California State Treasurer Fiona Ma, CPA, announced the results of a $1.407 billion bond sale for Sutter Health providing financing to support major capital investments in health care facilities across Northern California and refinance existing debt.
-California State Treasurer's Office News Release
“This new investment tool will help build homes, create good-paying jobs for Illinois workers, and earn a solid rate of return for Illinois taxpayers,” Illinois Treasurer Michael Frerichs said. “The HIT Fund is another example of how our investments can help move our state forward.”
-Illinois State Treasurer's Office News Release
Oregon Treasurer Elizabeth Steiner, MD called on the federal Equal Employment Opportunity Commission (EEOC) to maintain corporate demographic reporting requirements that have been a bedrock of deterring discrimination in the workplace for more than 50 years.
The shift in EEOC policy would deprive investors of standardized, verifiable, and statistically reliable demographic data reporting from companies. The loss of this data would leave investors blind to material risks from discriminatory practices.
-Oregon State Treasury News Release
New York City Comptroller Mark Levine posted on Facebook: Since the NYC Comptroller’s Office launched a partnership with the Hebrew Free Loan Society (HFLS) in late May, 32 New York City small businesses have been approved for nearly $1.5 million in zero-interest loans to help them launch, grow, and thrive.
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