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Treasurer Timothy Cahill


Timothy P. Cahill serves as Massachusetts State Treasurer and Receiver General. As the Commonwealth’s Chief Financial Officer, he brings a business-minded approach to managing the state’s finances and has implemented better business practices in the Treasury’s departments and affiliated agencies.

Treasurer Cahill's accomplishments include:

Managing the Massachusetts School Building Authority, an independent agency reformed in 2004 that oversees all school construction financing. The MSBA will clear a backlog of “wait listed” project reimbursements in 2 years, and will begin payments for new school construction projects in FY08, saving taxpayers millions of dollars.

Returning $936 million in Lottery aid to the state in FY2005 - the largest amount of Lottery assistance ever generated for the Commonwealth – and more than $2 billion to the state since taking office.

Reallocating assets of the Pension Reserves Investment Trust Fund, which has increased over 50% since Treasurer Cahill took office, including its highest return in history of 26.42% in 2003. As of December 31, 2005, the PRIT Fund totaled over $40.2 billion.

Returning $135 million in abandoned property to rightful owners, and collecting a record $851 million since FY03 – the highest amount ever collected in Massachusetts’ history. Partnering with eBay, Treasurer Cahill also launched the first ever on-line auction of tangible property in Massachusetts in 2005.

Prior to his election in 2002, Cahill served as Norfolk County Treasurer from 1997-2002, as a Quincy City Councilor from 1987-2003, and was a successful small business owner and the author of a book about local businessmen. Treasurer Cahill lives in Quincy with his wife, Tina, and their four daughters.