The National Association of State Treasurers provides advocacy and support that enables member states to pursue and administer sound financial policies and programs benefiting the citizens of the nation.
Membership is comprised of all state treasurers or state finance officials with comparable responsibilities from the United States, its commonwealths, territories, and the District of Columbia, along with employees of these agencies. The private sector is represented through the Corporate Affiliate Program that was established to build professional relationships and foster cooperation between the public and private sectors.
The association serves its members through educational conferences and webinars, a variety of working groups, policy advocacy and publications that provide information about developments in public finance.
As part of its mission to be the nation’s leading advocate for responsible state treasury programs and related financial practices and policies, NAST furthers its federal relations through the association’s headquarters in Washington, DC. The organization’s advocacy is guided by resolutions adopted by the membership.
NAST’s Legislative Priorities include:
Tax-exempt municipal bonds are the primary financing mechanisms for state and local infrastructure projects. If the current tax treatment is eliminated or capped, the payment burden to finance much needed infrastructure projects will shift to states and municipalities. Proposed changes would force state and local governments to curtail investments in critical infrastructure projects.
Advance refunding bonds save money for taxpayers and free up money for additional infrastructure projects, by allowing state and local issuers to refinance bonds at a lower interest rate. In 2017, more than $100 billion in advance refunding bonds were issued, saving hundreds of millions of taxpayer dollars that could then be reinvested back into vital infrastructure projects. State and local governments finance more than 75 percent of all U.S. infrastructure projects, and as experts on infrastructure financing, we believe that reinstating the tax-exempt advance refundings will be critical for state and local governments to properly execute any infrastructure proposal.
Financial literacy programs enable individuals and families to make the best use of their financial resources. State treasurers and their private sector partners are working diligently to provide educational and hands-on training to teach Americans of all ages these critical skills.
529 College Savings Plans are the primary tax advantaged way for families to save for college. As a part of the Tax Cuts and Jobs Act of 2017, Congress and the Administration approved common sense legislation to make improvements to the 529 program. NAST and its affiliate, the College Savings Plans Network (CSPN), look forward to working with Congress to improve 529 plans as Congress considers additional changes to the tax code and the reauthorization of the Higher Education Act.
Signed into law in 2014, the ABLE Act (H.R. 637/S. 313) amends the Internal Revenue Code to include tax-exempt ABLE accounts for individuals with disabilities. State treasurers and 529 administrators are working diligently to ensure that this new program benefits the disabled community in the manner intended.
National Association of State Treasurers Headquarters 701 Eighth Street NW Suite 540 Washington, DC 20001 (202) 744-6663