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Timothy P. Cahill serves as Massachusetts State Treasurer and Receiver General. He was sworn in for his second term on January 17, 2007. As the Commonwealth's Chief Financial Officer, Cahill 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. 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. He is a graduate of Boston University and a recipient of the 2007 Eisenhower Fellowship. Treasurer Cahill lives in Quincy with his wife, Tina, and their four daughters.
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Treasurer Cahill's accomplishments include:
- Returning $3.7 billion in Lottery local aid to cities and towns in Massachusetts over the past four years.
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Creating a Job Growth Initiative, which leverages Treasury resources and works with banking partners to create jobs and affordable housing in Massachusetts. To date, $1.25 billion has been committed, including $590 million of leveraged capital from the Treasury. The Job Growth Initiative has created 2,588 new jobs and has the potential to create an additional 8,100 new jobs over the next four years.
- Finding $984 million in Abandoned Property and returning cash claims totaling more than $173 million, and using cutting-edge technology to hold two eBay auctions of unclaimed jewelry, coins and other items from safe deposit boxes, garnering over $330,000 for the state.
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