Treasurer

Photo courtesy Lake Champlain Basin Program

One-point-three billion dollars. That's the total amount the state thinks it needs to clean up Lake Champlain and other waterways over the next 20 years.  So where does the money come from? The Treasurer's Office has just released a report that maps out how to raise most of that funding.

Photo Illustration by Emily Alfin Johnson / Photos by Meg Malone / VPR

This week and next, Vermont Edition is bringing you election debates for statewide offices.  On Wednesday, the leading candidates for treasurer meet in a live, face-to-face debate.

Taylor Dobbs / VPR

The Governor and the Legislature decide how the state spends its money, but it’s the treasurer’s job to oversee the funds in the state’s bank accounts. Treasurer Beth Pearce says the state employees pension fund has recovered well from the financial crisis, and that important changes have been made to the Teacher's Retirement System to make it more sustainable.

We'll ask Treasurer Beth Pearce about pensions, bond sales,  and what the state does with unclaimed financial property.

Voters may be forgiven for feeling unaware of the issues and candidates in the race for state Treasurer. While the Legislature gets to decide how the state spends its money, it’s the treasurer’s job to oversee the funds in the state’s bank accounts, and that includes pension funds for public employees.