State Treasurer Young Boozer running for fourth term in office

Austen Shipley

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June 5, 2025

Alabama Republican Young Boozer announced Wednesday that he is once again running for the position of state treasurer. The new bid marks Boozer’s fourth campaign for the office.

An experienced banker by trade, Boozer was first elected to the position in 2010 and then again in 2014. Due to state law, he could not run for a third consecutive term. In 2021, however, he returned to the office via appointment from Governor Kay Ivey after the role was vacated by John McMillan, who resigned to become executive director of the Alabama Medical Cannabis Commission. Upon completing McMillan’s term, Boozer was elected to the position again in 2022, winning the vast majority of the vote.

“I am pleased to announce my candidacy for State Treasurer for the 2026 election,” Boozer said. “I would be proud to once again serve the 5 million citizens of Alabama with my unique skills and vast experience, to continue to improve all divisions of the office, and to serve as a financial resource to other areas of state government.”

“It is an office with which I am familiar, having worked in that capacity from 2011 to 2019 and from 2021 to today.”

Boozer is well-known for successfully negotiating a long-term settlement for the PACT college savings plan and was responsible for beginning a scholarship program that has awarded approximately $12.8 million to over 3,600 Alabama high school students. Additionally, under Boozer, the state treasury became self-funded.

Boozer played a defining role in the Birmingham Southern College shutdown saga. In 2023, the Alabama legislature passed a bill placing him in charge of a loan program to help keep the university open after years of fiscal mismanagement by school leaders. Boozer eventually denied the $30 million loan to the school and was promptly sued. A court later dismissed the lawsuit.

In his private and civic life, Boozer is equally engaged, having helped guide the Church of the Ascension in Montgomery, the Montgomery Rotary Club, the Alabama Shakespeare Festival, the Boy Scouts of America, the National Association of State Treasurers, and Stanford University’s board of trustees.

The Republican primary for state treasurer is scheduled for May 19, 2026.

Austen Shipley is the News Director for Yellowhammer News. You can follow him on X @ShipleyAusten