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Mandel Outlines Treasurers Office Plans to
Increase Efficiency
COLUMBUS – State Treasurer of Ohio Josh Mandel presented the
Treasurer’s office budget today before the House Agriculture and
Natural Resources Subcommittee on Finance and Appropriations. The
Treasurer’s budget would reduce general revenue fund operating expenses
by 6.5%.
“The primary function of the Treasurer’s office is to protect and
invest the state’s money, and it is my commitment to do so with
integrity and transparency,” said Treasurer Mandel. “Our office
is conducting a top-bottom review, and has consolidated departments,
streamlined operations and increased efficiencies. We continue to
examine ways to further save taxpayer money by leveraging technology
and improving the delivery of services.”
The Treasurer expanded on some of the ways that the office is improving
operations, including:
• Utilizing electronic
banking for check deposits instead of expensive couriers;
• Investing in
financial software upgrades to heighten security, automate compliance
reviews, and eliminate manual data entry;
• Increasing financial
literacy and online learning opportunities to improve accessibility; and
• Promoting linked
deposit programs to make more capital available to small businesses
seeking to grow jobs in Ohio.
“The Treasurer’s office is moving forward to meet the challenges facing
our state today,” concluded Treasurer Mandel. “We will continue
to run a disciplined and financially sound office, and remain committed
to protecting taxpayer dollars and implementing policies to help create
a more business friendly environment in Ohio.”
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