Milligan releases final investment report of tenure |

The state Treasury has made nearly $100 million in the first six months of fiscal 2023, Treasurer Dennis Milligan announced Monday in his final investment report for his term. Milligan was appointed state auditor today.

“From July 1 to December 31, 2022, we generated $99.7 million in revenue and are on pace to surpass the best fiscal year in Treasury history,” Milligan said.

“The highest investment return dating back to 2005, as far back as Treasury records, was $116.9 million in fiscal 2019.”

The total earned so far under Milligan’s administration is $603.7 million. He attributes record high earnings to higher interest rates and a highly focused investment team.

“My investment team constantly monitors the bond market and is able to make calculated decisions regarding bond quality and duration,” said Milligan.

“Their expertise and my active management style have resulted in the highest investment income the state has ever had. I am grateful to have served the people of Arkansas in my role.”

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