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

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

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

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

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

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

With each new school year, our family falls into new habits. We figure out new breakfast routines, new drop-off routines, new afterschool activity routines. It takes a bit of adjustment in the beginning, but soon enough it’s second nature. For many families, I think that’s similar to how they feel when they begin seriously saving for their child’s college. It … Read More

State Treasurer David McRae today called on Congress to pass the ABLE Age Adjustment Act. Currently, disabled Americans are eligible to open an ABLE savings account, if their disability presented before age 26. This is called the “age of onset.” If the ABLE Age Adjustment Act is passed, the age of onset would be pushed to 46 years old, giving … Read More