State Treasurer Young Boozer
Overview
Young Boozer is the 41st State Treasurer of Alabama. First elected in 2010, he has dedicated his career to public service, financial leadership, and protecting taxpayer resources. As State Treasurer, he oversees the receipt, deposit, and investment of state funds, unclaimed property, savings programs, and the state’s collateral pool for public funds.
Born in Birmingham and raised in Tuscaloosa, Treasurer Boozer earned a bachelor’s degree in economics from Stanford University and a master’s degree in finance from the Wharton School of the University of Pennsylvania. Before entering public service, he spent nearly five decades in banking, finance, and investments, with professional experience in New York, Los Angeles, Houston, and Montgomery. After retiring from banking in 2007, he served as Deputy State Finance Director under Governor Bob Riley, where he helped save millions of taxpayer dollars through the restructuring of state bond debt.
Treasurer Boozer has held leadership roles in numerous civic, professional, and nonprofit organizations, including the Montgomery Rotary Club, Alabama Shakespeare Festival, and The Montgomery Academy. He is a graduate of Leadership Alabama and a recipient of the Distinguished Eagle Scout Award. He has also served extensively at Stanford University, including as chairman of the alumni association and a member of the board of trustees.
During his tenure, Treasurer Boozer has led and supported several major initiatives, including:
- Restructuring Alabama’s Prepaid Affordable College Tuition (PACT) Program
- Helping pass Amendment 856 to strengthen and stabilize distributions from the Alabama Trust Fund
- Launching Alabama’s ABLE Savings Plan
- Establishing a needs-based college scholarship program benefiting thousands of Alabama students
- Expanding investment authority to improve returns while maintaining prudent oversight
Treasurer Boozer is an active member of the National Association of State Treasurers (NAST), where he serves as Chair of the Banking and Cash Management Committee. He also serves on the Governance Committee of the College Savings Plans Network (CSPN). In 2019, he received the Lucille Maurer Award for outstanding service to NAST.