Tim Cahill is serving his second term as Massachusetts State Treasurer and Receiver General. As the Commonwealth’s Chief Financial Officer, Cahill manages the state’s finances by taking a fiscally conservative approach to investing and maximizing the use of taxpayer money. Cahill brings a business-minded approach to managing the state’s finances and has implemented better business practices in the Treasury’s departments and affiliated agencies.
Treasurer Cahill’s accomplishments include:
Creating a Job Growth Initiative which has already created 7,500 new jobs; returning close to $5 billion in Lottery local aid to cities and towns; overseeing the growth of the state pension fund; reuniting $1.1 billion in Abandoned Property with its rightful owners; and when Massachusetts residents were looking for a safe way to invest their money in a tumultuous market, Treasurer Cahill created the opportunity to purchase Massachusetts General Obligation Bonds directly from the Treasury’s website.
The creation of the Massachusetts School Building Authority is perhaps the most comprehensive reform Treasurer Cahill and his administration have implemented. Since its inception in 2004, the MSBA has made over $6.6 billion in payments to cities, towns, and regional school districts -- more than any other state entity. It has provided funding for over 415 of the 428 projects it inherited from the former program. The MSBA has saved cities and towns over $2.8 billion in avoided local interest costs during a time when municipalities are struggling.
Cahill is a 1981 graduate of Boston University. He was a business owner in Quincy before being elected to Quincy City Council in 1987. He was elected Norfolk County Treasurer in 1996 and State Treasurer in 2002. In 2007 Treasurer Cahill was named an Eisenhower Fellow, traveling to both India and Ireland. He and his wife Tina live in Quincy with their four daughters.