Jackson, MS – Treasurer David McRae today issued a letter to the Public Employees’ Retirement System of Mississippi (PERS) Board Members, urging the officers to reject Environmental, Social, and Governance (ESG) policies. “Our job is to maximize financial returns for the more than 18,000 members of PERS,” wrote McRae. “I have grown deeply concerned that the actions of New York … Read More
McRae: A Gift that Keeps Giving
I know it’s not yet Thanksgiving (and the weather as of late is hardly wintery), but the fall decorations have already been cleared from most store shelves and replaced with Christmas stockings, trees, and treats. Yes, the holidays are certainly upon us. And while there is much joy in this season, there is often a degree of pressure to find … Read More
McRae: ESG Sows Trouble for Mississippi Farmers
I’ve talked a lot recently about the impact of Environmental, Social, and Governance (ESG) standards on Mississippi’s investments, citizens’ college savings accounts, and the state’s pension system. But the truth is that the effects of these politically correct metrics won’t stop at the state government’s doorstep. This March, the U.S. Securities and Exchange Commission (SEC) proposed new ESG-related standards that … Read More
McRae: Protecting Mississippi’s Finances
Over the last few years, “Environmental, Social, and Governance” (ESG) investment strategies have lured the attention of Wall Street powerhouses, but not because ESG funds are making anyone more money. Instead, ESG’s sole promise is to apply “Cancel Culture” to corporate actions. Here’s why I’ve gotten involved in this debate. As Treasurer, I manage the state’s assets and financial programs, … Read More
McRae: Financial Wellness Tips for Times of Inflation
Inflation is crushing working Mississippians. Don’t believe me? Take a look at these stats from the Congressional Joint Economic Committee. Over the course of a month, gas prices in Mississippi have increased from $3.10/gallon to $3.32/gallon. The cost for a loaf of bread rose from $1.35 to $1.40. Milk prices grew from $3.60/gallon to $3.69/gallon. Meanwhile, little changed when it … Read More
McRae: Why I Support Economic Education
Today’s young people have a lot working against them financially. When they graduate from high school, most must decide between entering a work environment plagued by record-high inflation or starting life deeply in debt by earning a college degree. If they want to purchase a home, they’ll run into skyrocketing housing costs topped by historic mortgage interest rates. If they … Read More
McRae: Meet Us at the Fair!
By Treasurer David McRae Your Treasury is heading back to the Trade Mart this week for the State Fair, and we couldn’t be more excited! Our Unclaimed Money and College Savings teams will be there, ready to assist you from 11AM to 5PM every day of the Fair (except Sunday). If meeting our team isn’t enough reason to stop by, … Read More
Treasurer McRae Announces State Fair Booths for Unclaimed Money and College Savings
Treasurer David McRae announced the Unclaimed Money and College Savings divisions of the Treasury will have booths open and staffed in the Trade Mart at the State Fair from Thursday, October 6, through Saturday, October 15. “Mississippi’s State Fair is a great opportunity for our team to make ourselves available directly to thousands of our citizens from all over the … Read More
McRae: Every Little Bit Counts
Even though gas prices have eased a bit, the pressure on our wallets seems unrelenting. Food costs remain 11 percent higher than last year, energy costs are up 24 percent, and other household items are up 8 percent, according to the Consumer Price Index’s August 2022 report. When it seems as though there are so many forces fighting our finances, … Read More
Treasurer McRae Announces Unclaimed Money Event in Brandon
On Saturday, October 1, staff from State Treasurer David McRae’s office will be available at Brandon City Hall to help area residents search the state’s unclaimed property list and file claims to receive funds. “I want to thank the Mayor Butch Lee and the Brandon Board of Aldermen for partnering with my office to help return unclaimed money to local … Read More