Mr. Dennis Milligan, Treasurer for the State of Arkansas, will visit the Arkadelphia Rotary Club April 14 to share more about the projects of his office.
On November 4, 2014, Dennis Milligan was elected to the Office of Treasurer of State securing 56% of the vote. The Treasurer of State serves as the State’s banker and is responsible for an investment portfolio of approximately $3 billion.
Milligan previously served as Saline County Circuit Clerk from 2011-2015. He is a successful small business owner who started his company, Water Treatment Services (WTS), from scratch in 1985. WTS has grown from serving central Arkansas to serving customers in 17 states. Milligan also owns a real estate developing company and is a home builder.
As Treasurer of State, Milligan has brought his innovate spirit and mindset to the office, and has not just accepted “that’s the way we’ve always done it.” In his first full fiscal year in office, he has doubled the receipted earnings on the State’s investments going from an average of $20 million to nearly $49 million. He implemented the AR Finance. AR Future. program to increase the awareness and teaching of financial education all across the state, and in its first year has impacted over 9,500 students in 86 schools. Additionally, he has led a renewed focus and energy in the Arkansas 529 program which has resulted in a 36 percent growth in newly funded accounts and record levels of assets under management.
He is a lifelong Arkansan and graduated from McClellan High School in Little Rock in 1976. He is married to his junior high school sweetheart, Tina (Summers). They have one daughter, Tiffany, and son-in-law Chad Brown and three grandchildren.
Stephen Bell, Public Relations