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Ramsey Congratulates Constitutional Officers on Re-election

Tennessee Lt. Gov. Ron Ramsey posted the following two statements to his official Facebook page January 14, 2015:

In regard to the re-election of Justin P. Wilson as the Tennessee Comptroller of the Treasury: 

Congratulations to Justin Wilson on his re-election as Comptroller of the Treasury. Tennessee’s strong financial position is due in no small part to the work of Justin Wilson. As Tennessee’s money cop, Justin Wilson keeps watch every day to make sure Tennessee taxpayer dollars are being allocated efficiently and that any waste, fraud and abuse is identified and reported. I am extremely grateful that Tennessee will continue to benefit from his expertise, integrity and commitment to service.

In regard to the re-election of David H. Lillard, Jr., as the Tennessee Treasurer:

Congratulations to David Lillard on his re-election as Tennessee’s Treasurer. Tennessee’s retirement system is fully-funded and consistently ranked among the best in the nation. This isn’t just a matter of luck. It is due to the hard work and management skills of David Lillard. The state of Tennessee is extremely fortunate to have David at the helm at the Department of Treasury. I commend my colleagues for returning yet another resounding vote of confidence in his performance.

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Lillard Elected President of Nat’l Association of State Treasurers

Press release from the Tennessee Department of Treasury; September 9, 2014:

Mackinac Island, Mich. (Sept. 9, 2014) – Tennessee State Treasurer David H. Lillard, Jr. has been elected by treasurers across the nation to serve as president of the National Association of State Treasurers (NAST). NAST is the premier organization that provides advocacy and support for state treasurers and treasury staff throughout the United States and its territories. Treasurer Lillard is the first Tennessean in history to serve as president.

Treasurer Lillard was elected president at NAST’s annual conference on Monday, Sept. 8. He will serve a one-year term, beginning Jan. 1, 2015.

“I am honored that my colleagues have chosen me to lead this great organization,” Treasurer Lillard said. “For nearly four decades, NAST has been a resource that state treasurers and other top financial officials have used to help them perform their jobs more effectively and better serve their constituents.”

During his term as president, Treasurer Lillard said one of his top priorities for NAST will be continuing the organization’s advocacy to preserve the exclusion from gross income of interest on municipal bonds. If municipal bonds lose their tax-exempt status or the tax benefits are reduced, interest costs on those bonds will rise – increasing costs to citizens for critically needed infrastructure.

“Municipal bonds help pay for schools, libraries, parks and other public infrastructure that are essential to citizens,” noted Treasurer Lillard. “Increasing the financing costs on those projects does not serve the public good. Preserving the tax-exempt status of municipal bonds continues to be a paramount priority for NAST,” he said.

Treasurer Lillard’s priorities also include promoting financial literacy education and programs that encourage retirement readiness.

“State treasurers play a vital role in assisting Americans with retirement readiness,” Treasurer Lillard said. “People are living longer than they ever have before so they need to plan properly in order to live comfortable lifestyles after they leave the workforce.”

Treasurer Lillard believes one of the most effective ways to promote financial literacy is to teach basic money-management concepts and strategies to children while they are young so they develop good habits later in life.

“We need to help people develop good strategies and habits with regard to managing the financial resources that they have,” Treasurer Lillard said.

Treasurer Lillard has served as state treasurer since 2009. During his tenure, he has successfully proposed and the Tennessee General Assembly has adopted legislation that overhauled the state’s pension plan to reduce taxpayers’ liability while still providing fair benefits to employees. He also successfully proposed legislation which became law that requires local governments to pay annual payments to their pension funds deemed financially sustainable by actuaries.

Treasurer Lillard, a graduate tax attorney, practiced tax, securities and municipal finance law for 28 years in Memphis with the law firm of Burch, Porter and Johnson, PLLC. He also previously served as a Shelby County Commissioner and Chairman of the Shelby County Board of Commissioners in Memphis before assuming his current duties in Nashville.

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TN State ‘Constitutional Officers’ Re-elected by General Assembly

Press release from the Tennessee General Assembly; January 9, 2013:

(NASHVILLE) – In a joint session of the Tennessee Senate and the Tennessee House of Representatives today members unanimously re-elected Secretary of State Tre Hargett, Treasurer David H. Lillard, Jr. and Comptroller Justin P. Wilson. Secretary Hargett will serve his second four-year term, while Treasurer Lillard and Comptroller Wilson will each serve two-year terms. All three were originally elected to their posts by the General Assembly in January, 2009. Treasurer Lillard and Comptroller Wilson were re-elected to their second two-year terms in January, 2011.

Senate and House leaders congratulated the Constitutional Officers today, and released the following statements:

“While many Tennesseans don’t know what they do, the constitutional officers are really the unsung heroes of state government. They work – often behind the scenes but sometimes in the harsh glare of the media spotlight – to make sure that our state’s investments are managed properly, that public employees have a financially sound retirement system, that taxpayer money isn’t wasted, stolen or misused at the local or state levels of government, that local governments get the assistance they need to be successful in various levels of their operations, that our elections run smoothly, that our public libraries have the support they need to provide excellent service to Tennesseans. Tennesseans are lucky to have leaders like Comptroller Wilson, Treasurer Lillard and Secretary of State Hargett overseeing these essential services of state government.” –Lieutenant Governor Ron Ramsey

“Tennessee is in excellent financial condition – and the work of our three constitutional officers has played no small part in that. As members of the State Funding Board, they set revenue estimates that are used by the governor, his staff and members of the General Assembly for budget planning purposes. They also appear regularly before the major rating agencies that determine how strong Tennessee’s credit ratings will be. They also provide helpful advice and information to help members of the General Assembly do their jobs better.” –House Speaker Beth Harwell

“I am very proud of the work Treasurer Lillard, Comptroller Wilson and Secretary of State Hargett have done over the last four years. They have made many major improvements to make Tennessee state government work more efficiently and effectively which benefits all Tennesseans. All three of these public servants are well deserving of another term in office.” –Senate Majority Leader Mark Norris

“Reforming government is something that’s easy to talk about, but difficult to do. These three constitutional officers have spent the last four years challenging traditional thinking about the way their offices should operate and, as a result, their offices are operating more efficiently and effectively than ever before. They have made the offices more accessible by making more services available over the Internet and have found ways to maximize the productivity of their employees.” –House Majority Leader Gerald McCormick