This bill appropriates funds for the Office of the Treasurer of State for the fiscal year ending June 30, 2025. It establishes a maximum number of regular employees and their corresponding salary rates, including positions such as the Treasurer Senior Investment Manager and Chief Deputy Treasurer. The total amount appropriated for personal services, operating expenses, data processing services, and financial/educational programs is $7,346,528. Additionally, the bill allows for five temporary or part-time employees and includes provisions for cost-of-living increases and potential salary adjustments for employees.
Key insertions in the bill include the establishment of a maximum of 33 regular employees, the authorization for cost-of-living increases, and the ability for the Treasurer to exceed maximum salary levels by up to 20% for certain positions. The bill also includes an emergency clause, ensuring its effectiveness from July 1, 2024, to facilitate the timely operation of the agency. The provisions aim to enhance the efficiency of the Office of the Treasurer while maintaining legislative oversight through required approvals for certain financial decisions.