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Department of Treasury. 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 ...
Department of Lifelong Education, Advancement, and Potential (LEAP) Department of Military & Veterans Affairs. Department of Natural Resources. Department of State (DOS) Department of State Police. Department of Technology, Management & Budget (DTMB) Department of Labor and Economic Opportunity (LEO) [4] Department of Transportation.
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 secretary of the treasury serves as the principal advisor to the president of the United States on all matters pertaining to economic and fiscal policy. The secretary is, by custom, a member of the president's cabinet and, by law, a member of the National Security Council, [4] and high in the U.S. presidential line of succession.
The Michigan Department of Management and Budget (DMB) was formed in 1984 by law as a principal department of state government. [1] Created within the department, under the same law, was the Office of the State Budget Director. In 1979, the Governor created an autonomous Office of the State Employer within the department. [2]
Davis v. Michigan Department of Treasury, 489 U.S. 803 (1989), is a case in the Supreme Court of the United States holding that states may not tax federal pensions if they exempt their own state pensions from taxation. [1] In the 1930s, the federal and state governments began to charge income tax on salaries paid to each other's employees.
September 30, 1981 (aged 42) Education. University of Michigan ( BA) Rachael Anne Eubanks is the 47th Michigan State Treasurer . Before being state treasurer, Eubanks was appointed by Governor Rick Snyder to serve on the Michigan Public Service Commission as a utility regulatory commissioner in 2016, and was reappointed in 2017.
Treasury; Type 1 agencies are under the administration of the agency but operate independently of the principal department in carrying out its function and in most cases created by a type 1 transfer. [12] Regulations are published in the Michigan Register (MR) and codified in the Michigan Administrative Code (MAC or AC). [13] [14] [15]