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The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan. The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguards the credit of the state, and distributes revenue sharing monies to local units of government.
As of September 30, 2017, the system serves 203,981 active members and 213,989 retirees and beneficiaries. The net assets of the Michigan Public School Employees' Retirement System, valued at $52.2 billion as of September 30, 2017, are invested by the Michigan Department of the Treasury, Bureau of Investments.
The department, as the Department of Commerce, was formed in 1965 by Section 225 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.325. The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department.
From hugs to guillotines, Trump's fundraising emails are a roller coaster. “You’re on my mind.”. “Do you need a hug?”. “I love you.”. “They want to sentence me to death!”. No ...
It will take a 'miracle' Nearly half of Gen Xers report that it will take a “miracle” to be able to retire securely, according to a recent survey by Natixis Investment Managers. Nearly 7 in 10 ...
Michigan is largely divided in the same way as many other U.S. states, but is distinct in its usage of charter townships. Michigan ranks 13th among the 50 states in terms of the number of local governmental entities. The state is divided into 83 counties, and further divided into 1,240 townships, 276 cities, and 257 villages. Additionally, the ...
In Sault Ste. Marie specifically, residents also have to deal with a lack of availability, which in turn also leads to higher prices because landlords know demand is higher.
The Michigan Department of State is administered by the Secretary of State, who is elected on a partisan ballot for a term of four years in gubernatorial elections. The incumbent secretary of state is Jocelyn Benson, a Democrat elected in 2018 and 2022. The secretary of state is the third-highest official in the State of Michigan.