McRae: A No-Strings-Attached Economic Stimulus

Brittany CominsNewsroom

Nearly every receipt you get this year is a little higher than it was last year. The cost of groceries is up 3 percent from 2020. Gas prices haven’t been this high since 2014. And a new car now costs, on average, $45,000 – equivalent to the median annual household income in Mississippi. Inflation is eroding America’s Middle Class. The … Read More

McRae Returns $12,000 in Unclaimed Money to Tupelo

Brittany CominsNewsroom

Mississippi Treasurer David McRae returned more than $12,000 of unclaimed money to the City of Tupelo. “Returning unclaimed money is an incredible economic stimulus because it doesn’t rely on the generosity of taxpayers to fund,” said McRae. “It’s not just communities that can have unclaimed money sitting with the state. Small businesses, churches, and individuals can also be the rightful … Read More

Mississippi Treasury Offers Chance to Win $500 Scholarship at the State Fair

Brittany CominsNewsroom

Mississippi Treasurer David McRae today announced the State Treasury will be offering one lucky State Fair-goer a $500 Mississippi Affordable College Savings (MACS) scholarship just for stopping by the College Savings Mississippi booth in the TradeMart Building. “We want to make the State Fair a time for food, fun, and scholarship funds,” said McRae. “We know that students with money … Read More

McRae: Meet Us at the Fair

Brittany CominsNewsroom

The Mississippi State Fair is a tradition for many families, and it’s become a tradition for your State Treasury as well. We’ll be back in the TradeMart building this year with new opportunities for Fair-goers to earn cash while enjoying the festivities. More specifically, our College Savings Mississippi team is trying to make the State Fair a time for food, … Read More

McRae: Put Our Fiscal House in Order

Brittany CominsNewsroom

It likely goes without saying, but our nation’s fiscal house is a mess. Over the last few weeks, we have lurched from one financial crisis to the next. A budget needed to be written, the government had to be funded or agencies would begin to shut down, and a decision had to be made as to whether America would be … Read More

Q&A with Treasurer David McRae | MPACT: Is it right for my family?

Brittany CominsNewsroom

Earlier this month, your State Treasury re-opened enrollment for the Mississippi Prepaid College Tuition program – or MPACT. Because of strong market growth and a new investment strategy, we were able to open without the typical annual rate increase, giving families another year to lock in. But what is this program? How does it work? And how do you know … Read More

McRae to Biden: Plan to Monitor Middle-Class Bank Accounts is Largest Data Mining Exercise in U.S. History

Brittany CominsNewsroom

Mississippi Treasurer David McRae joined 22 State Treasurers, Auditors, and financial officers to oppose a Biden administration proposal that empowers the IRS to monitor American bank accounts with more than $600 of deposited funds. If the proposal is enacted, the private banking activity of more than 100 million Americans could be subject to examination by the IRS. “We do not believe … Read More

David McRae Elected Vice President of National Association of State Treasurers

Brittany CominsNewsroom

Mississippi Treasurer David McRae was today sworn in as Vice President of the National Association of State Treasurers (NAST). McRae is the 55th Treasurer of the State of Mississippi. In this role, he helps manage the state’s cash flow, oversees College Savings Mississippi, and has returned more than $30 million in unclaimed money to Mississippians. “I am excited to bring … Read More

McRae: The IRS Has No Business Monitoring Your Bank Account

Brittany CominsNewsroom

Under the Biden administration, the federal government’s role in our lives has become increasingly obtrusive, increasingly socialist, and increasingly concerning. What’s more, with the House of Representatives under Nancy Pelosi’s control and Chuck Schumer running the Senate, the executive overreach has gone unchecked. As a result, the Biden administration has begun forcing individuals across the country to be vaccinated – … Read More

Treasurer McRae: Mississippi Maintains Strong Credit Rating

Brittany CominsNewsroom

State Treasurer David McRae today announced Mississippi has maintained its strong Aa2 credit rating from Moody’s. This helps ensure Mississippi has access to advantageous financing, saving taxpayers money. “As State Treasurer, I have a responsibility to do more with every taxpayer dollar spent, regardless of the economic environment in which we find ourselves,” said McRae. “Throughout the ups and downs … Read More