Alabama State Treasurer Young Boozer will run for reelection.
The state’s longest-serving treasurer announced this week that he’ll seek another term, citing his experience and success managing Alabama’s financial resources.
“I would be proud to once again serve the 5 million citizens of Alabama with my unique skills and vast experience, to continue to improve all divisions of the office and to serve as a financial resource to other areas of state government,” Boozer said in a release announcing his candidacy.
Boozer was first elected to the role in 2010, after working as deputy finance director under Gov. Bob Riley. He served two terms, leaving office in 2019, but was appointed back to the position by Gov. Kay Ivey in 2021 when then-Treasurer John McMillan departed to run the state’s medical cannabis commission.
Among his accomplishments, Boozer cites successfully negotiated a long term settlement for the financially struggling PACT college savings plan, making the Treasurer’s Office more efficient through reduced staffing, working with the Legislature to enact improvements to the Alabama Trust Fund and leveraging the state’s savings accounts to earn hundreds of millions of dollars in revenue through strategic investments.
“We made improvements to provide a more stable source of revenue to its recipients and provide long-term prudent management of ATF assets,” Boozer said.
Boozer was born in Birmingham and raised in Tuscaloosa. He earned a bachelor’s degree in economics from Stanford University and a master’s degree in finance from the Wharton School at the University of Pennsylvania. During the past five decades, Boozer’s career in banking, finance and investments has taken him from Citibank in New York and Crocker National Bank in Los Angeles, to Coral Petroleum in Houston and Colonial Bank in Montgomery.