Young Boozer, a Republican, announced on Wednesday that he is running for another term as Alabama State Treasurer in 2026.
According to a campaign press release, Boozer has managed billions, earned billions, and saved millions of dollars for Alabama taxpayers during his tenure as treasurer. He reduced office staffing from 46 to 26, and the budget is less today than when he first took over the office in 2011.
In his current term, he declined to give Birmingham-Southern College (BSC) a $30 million state loan in 2023, saying the now-defunct college’s finances had been “grossly mismanaged for many years.” BSC sued Boozer over the loan, but Montgomery County Circuit Judge James Anderson dismissed the school’s lawsuit.
“I am pleased to announce my candidacy for State Treasurer for the 2026 election. 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. It is an office with which I am familiar, having worked in that capacity from 2011 to 2019 and from 2021 to today,” said Boozer.
Boozer successfully negotiated a long term settlement for the financially struggling PACT college savings plan, established a college scholarship program that has awarded approximately $12.8 million over the past twelve years to more than 3,600 Alabama high school students, set Treasury up to be a self-funded office (no longer requiring support from the State’s General Fund), overseen the $2.7 billion CollegeCounts529 program and led the establishment of the Alabama ABLE program that provides financial products to persons with disabilities allowing them to save money without jeopardizing their public benefits.
Boozer’s financial expertise also played an integral role when working with the Legislature to enact many improvements to the $4.7 billion Alabama Trust Fund (the trust fund that receives Alabama’s oil and gas royalty payments), the state’s most valuable financial asset.
“We made improvements to provide a more stable source of revenue to its recipients and provide long-term prudent management of ATF assets,” said Boozer.
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.
Boozer served as Deputy State Finance Director for Governor Bob Riley after retiring from banking in 2007. During his tenure in the Alabama Department of Finance, he played a key role in saving millions of taxpayer dollars through the restructuring of state bond debt and derivatives.
He is a member of and has held leadership roles in many organizations, including the Church of the Ascension in Montgomery, the Montgomery Rotary Club, the Alabama Shakespeare Festival, the Boy Scouts of America, the National Association of State Treasurers and Stanford University and its Board of Trustees.
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