Arkansas Treasurer Dennis Milligan is shown in this file photo. The state treasury earned $29 million in interest in the most recent quarter on investments of roughly $4 billion, state Treasurer Dennis Milligan reported Tuesday to the state Board of Finance. The earnings were up from $20.2 million in the same quarter a year ago. On another matter, the board took action on job requirements for several positions. During the first nine months of fiscal 2019, the treasury reaped interest earnings of $82.9 million. That exceeded the earnings for each full fiscal year since earnings of $113.1 million in fiscal 2008, Milligan said. The fiscal year ends June 30, and the most recent quarter ended March 31. "As interest rates have risen, so has the return on our investments and, at last check, we were going [to have a return on investment] of around 3 percent," the Republican from Benton said. "Though rates have risen, they are still half of what they were when we hit those record years in … [Read more...] about State treasury collects $29M in 3Q interest
The state treasury
For Jersey drivers, there are the three stages of pothole grief.First, it’s hitting the stupid thing and getting stopped dead on the side of the road after it wounds your vehicle. Second, the sticker shock when you pay the repair bill. And third is acceptance that the state or agency that owns the road isn’t going to pay for those repairs. While thousands of drivers filed claims against state agencies, only tens of them received a check, according to records obtained by NJ Advance Media through an Open Public Records Act request. Those numbers only reflect state highways and do not include local or county roads, which aren’t under state jurisdiction.Daunting doesn’t begin to describe the task ahead if you decide to make a claim to be reimbursed for the repair. Even the instructions for filling out a claim form warn that New Jersey is immune for pothole damage claims under state law. Similar laws apply to towns and counties.The circumstances that might get you a … [Read more...] about If you want the state to pay for your pothole repairs, good luck. You have 16-to-1 odds.
Jessica Bies and Josephine Peterson Delaware News Journal Published 6:09 PM EST Dec 13, 2018 Delaware State Police say they, like police officers nationwide, are investigating a string of emailed bomb threats reported throughout the state. The emails appear to be part of an electronic hoax. There have been no reports of actual explosive devices, but the threats alone have forced many police departments to monitor and investigate. "I do not have all of the exact locations and number of threats we have received at this time," said Master Cpl. Melissa Jaffe of the Delaware State Police. The threats were similar to those received nationwide by businesses, schools, government buildings and news outlets, Jaffe said. "All of which were deemed non-credible," she said in an email. Television station WBOC and Avery Hall Insurance in Salisbury, Maryland, were among those to receive bomb threats Thursday afternoon. “Bomb … [Read more...] about Delaware State Police: We’re investigating emailed bomb threats throughout the state
Jessica Bies Delaware News Journal Published 4:45 PM EST Dec 13, 2018 Delaware State Police say that they, like police departments nationwide, are investigating a string of emailed bomb threats reported "throughout the state." The emails appear to be part of an electronic hoax. There have been no reports of actual explosive devices, but the threats alone have forced many police departments to monitor and investigate. "I do not have all of the exact locations and number of threats we have received at this time," said Master Cpl. Melissa Jaffe of the Delaware State Police. Salisbury television station WBOC and Avery Hall Insurance were among those to receive bomb threats Thursday afternoon. “Bomb threat at @wboc. All evacuated. Police on scene,” news producer Brooke Evans said on Twitter. The Salisbury Police Department said on Twitter just before 4 p.m. that it had closed East Main Street between U.S. 13 … [Read more...] about Delaware State Police: We’re investigating bomb threats emailed ‘throughout the state’
The state treasury's interest earnings for July-September reached $25.4 million, the best performance in any quarter in 10 years, the state Board of Finance learned Tuesday. The fiscal 2019 first-quarter earnings were on an investment portfolio of $3.5 billion and the largest since the fourth quarter of fiscal 2008, when they totaled $27.7 million. Treasurer Dennis Milligan, a Republican from Benton, said the treasurer earned $18.5 million in the same quarter a year ago. "Higher interest rates naturally have driven up the returns, but we are also using the interest rate hikes to our advantage," Milligan said. In fiscal 2018, which ended June 30, the treasury earned $77.2 million in interest -- up from $57.6 million in fiscal 2017 and nearly $49 million in fiscal 2016, which was Milligan's first full fiscal year as treasurer. Milligan took over as treasurer in January 2015, succeeding former Legislative Auditor Charles Robinson of North Little Rock, a self-described independent who was … [Read more...] about State treasury’s 1Q earnings rise; $25.4M called 10-year record