Young Boozer

When Young Boozer walked into the Treasurer's Office in January 2011, Alabama's PACT college savings program was in crisis and near bankruptcy.

Boozer spent the next fourteen years building PACT from insolvency to a sound program delivering valuable benefits to all students. Today, the fund operates with a surplus and has paid for more than 157,000 years of college.

And every single year since 2015 — eleven consecutive years, without missing one — PACT has raised benefits for Alabama families. In total, PACT has paid $892 million in benefits and funded more than 157,000 years of college for our students. But most importantly, Boozer achieved the goals he set for the PACT program. Every family received payments and good value for their investments, and the last students are assured of full-tuition coverage. Promises made. Promises kept.

Beyond PACT, Boozer's office also administers Alabama's CollegeCounts 529 savings plan — the modern way Alabama families save for college. Under his management, CollegeCounts has grown to 128,000 accounts and $3.1 billion in assets, earning top ratings from Forbes and Saving for College. The program even attracts investors from other states who choose Alabama's plan over their own.

In January 2011, the Treasurer's Office cost Alabama taxpayers more than $1.7 million per year from the General Fund. Not anymore. Young Boozer restructured the office's funding model so that it pays for itself entirely — not through new fees or taxes, but through Unclaimed Property revenue generated by doing its job well.

Since approximately 2013, the Treasurer's Office has drawn zero dollars from Alabama's General Fund. Staff fell from 46 employees to 25 — through natural attrition and managed retirements.

What's unclaimed property? Old bank accounts, uncashed checks from former employers, forgotten stock dividends, abandoned safe deposit box contents — when companies can't locate the rightful owners, they turn that money over to the state. It's the Treasurer's job to find those owners and give it back.

His office actively hunts down owners and returns what is rightfully theirs — $45 million last year alone. Since Boozer took office, his Unclaimed Property Division has returned $587 million to Alabama citizens. Check to see if you are owed money at treasury.alabama.gov.

This is not an abstract government program. This is a Treasurer's Office that operates at zero cost to Alabama taxpayers — and then returns real money to real Alabama families who had no idea it was theirs. That's Young Boozer's idea of public service: every dollar, returned to its rightful owner, every single day.

Before the Achieving a Better Life Experience Act (ABLE), saving money could put a person with disabilities at risk of losing their benefits — the system punished financial independence. ABLE accounts allow individuals with disabilities to save for housing, education, transportation, health, and assistive technology without jeopardizing their Medicaid or SSI eligibility.

Young Boozer's office oversees Alabama ABLE, ensuring that Alabamians with disabilities have access to the financial tools they need to build more independent, more dignified lives.

A Treasurer's Office that works every day on behalf of Alabama families — protecting public funds, returning unclaimed dollars, and ensuring every program it oversees delivers results. That is Young Boozer's record.

He earned a degree in economics from Stanford University, then an MBA from the Wharton School at the University of Pennsylvania. He spent five years at Citibank in New York and two years at Crocker National Bank in Los Angeles before returning South, eventually serving as Executive Vice President at Colonial BancGroup for 22 years. He also served for two years as Assistant Superintendent of Banking for the Alabama State Banking Department.

In fifteen years as Treasurer, he has received zero civil judgments, zero liens, zero ethics complaints, and zero credible allegations of any kind. He won 64.76% of the vote in his first Republican primary in 2010, ran uncontested in 2014, and claimed 83.7% in 2022. Eleven major Alabama organizations have endorsed his re-election. His record speaks for itself — because it is the record of a man who has spent his career protecting other people's money with the same care he would give his own.