California State Treasurer's Office
Government AdministrationCalifornia, United States201-500 Employees
The California State Treasurer’s Office is a state government agency responsible for investment and finance, acting as the state's lead asset manager, banker, and financier. Its core duties include issuing bonds to fund infrastructure and public works and managing the cash liquidity needs of every state department and agency. It also invests idle funds for state and local governments to help maximize returns and serves on the boards of CalPERS and CalSTRS, the two largest public pension funds in the United States. In addition, the office chairs programs that finance a variety of public initiatives—from pollution cleanup and water projects to renewable energy, hospitals, schools, and low-income housing—and oversees savings programs that enable education savings, retirement savings, and disability savings without compromising public benefits. Based in Sacramento, California, the office operates within the Government Administration sector and acts as a central financial steward for the state's public sector customers, including state agencies and local governments, as well as individuals participating in savings programs. The agency is described as mid-sized with hundreds of staff and publishes annual year-end reports detailing its activities, such as the 2024 Year End Report.
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