State Treasurer David McRae was named as the newest Executive Committee member of the National Association of State Auditors, Comptrollers, and Treasurers (NASACT). The committee governs the associations overall operations. “I am proud to show that Mississippi can lead on the national level,” said McRae upon his appointment. “Over the last two years, we have implemented innovative strategies when it … Read More
McRae: Tax Season is Here
It surprises many to learn that even as the State Treasurer, I don’t have much to do with tax season. Instead, that responsibility falls on the U.S. (not Mississippi) Treasury and the Mississippi Department of Revenue. Nonetheless, I want to be helpful to those who have pressing tax-related questions, so today let me run through a few tips to make … Read More
McRae: A Lot to Celebrate on Unclaimed Property Day
Each February, we celebrate National Unclaimed Property Day and this year, we had a lot to celebrate. Since I took office in 2020, your State Treasury has returned $45 million and set two consecutive annual records for unclaimed property returns. My goal for 2022 is to set a third record. This money has been a meaningful stimulus to Mississippi during … Read More
McRae: Americans don’t need an unchecked activist on the Federal Reserve
The last time inflation was this high, Olivia Newton-John’s “Physical” topped the Billboard Music Chart, M*A*S*H was a hit show, and I was a mere toddler. It took strong leadership – that of President Ronald Reagan – to correct the economy then, and it will take strong leadership to correct it today. But I am concerned those in power now … Read More
McRae: Answering Your Questions
Recently, I joined thousands of Mississippians on a live phone call about our work at your State Treasury. It was incredibly helpful for me to hear what questions Mississippians had; I gained more than one idea as to how we can serve you and your family even better from this conversation. As I reflect back, I wanted to take a … Read More
McRae: Are You Ready for Retirement? Most workers are not.
About one in four American workers have less than $10,000 stowed away for retirement, according to the 2020 Retirement Confidence Survey. Given that the average American spends about 20 years in retirement, that’s a concerning statistic. Machen Wealth explains that a lack of savings forces many Americans to work until they are completely unable to, drowns many in debt, and … Read More
McRae: 2021’s Financial Wins
This week marks one year since President Biden took office. Regardless of your views on the president himself, it’s difficult to argue against the fact that our country faced one crisis after another in 2021. The number of illegal border crossings skyrocketed. COVID-related shutdowns seemed to only worsen in many areas of the country. And, most concerning to me as … Read More
McRae: College Savings Mississippi Art Contest Open Now
What do you want to be when you grow up? It’s a question every child is asked at one point or another. Whether their answer is “Princess” or “President,” let them put pen to paper, draw out their future, and enter their creation into the 2022 College Savings Mississippi Art Contest. Each year, your State Treasury gives students, ages PreK … Read More
Treasurer David McRae Launches 2022 Art Contest
State Treasurer David McRae has launched the 2022 College Savings Mississippi Art Contest. All PreK-12 students are eligible to enter. Contest winners will receive a scholarship worth up to $500 in the form of a Mississippi Affordable College Savings (MACS) account. “Art is about seeing the ordinary from a new perspective,” said Treasurer McRae. “That skill set is the same … Read More
McRae: Balancing America’s Budget
America’s national debt recently surpassed $29 trillion, and it shows no sign of slowing down. Washington, D.C.’s lack of fiscal discipline is jeopardizing America’s financial independence for generations to come. And what’s most alarming to me is that those in leadership now are creating socialist entitlement programs that could lead to an inescapable national deficit – one even the strongest … Read More