State Treasurer Roby Smith announced a major financial milestone for his tenure: the Iowa Pooled Money Fund has surpassed $1 billion in total earnings since his swearing in as Iowa’s 26 th State Treasurer. This demonstrates the strength and stability of the Treasurer’s investment strategy for Iowa’s short-term cash balances.

“Crossing the $1 billion earnings mark is a testament to the prudent fiscal management and investment practices we’ve implemented under my leadership,” said Treasurer Smith. “This milestone reflects not only strong market performance, but also our commitment to safeguarding taxpayer dollars while maximizing returns for public services across the state.”

The Pooled Money Fund is a state-run investment fund managed by the State Treasurer, which oversees short-term c

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