Young Boozer announced on Wednesday he will run for Alabama State Treasurer in the 2026 election, aiming to continue his long record of managing billions and saving millions for taxpayers.
“I am pleased to announce my candidacy for State Treasurer for the 2026 election. 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,” Boozer said. “It is an office with which I am familiar having worked in that capacity from 2011 to 2019, and from 2021 to today.”
During his previous tenure, Boozer successfully negotiated a long-term settlement for the troubled PACT college savings plan and launched a scholarship program that has awarded about $12.8 million to over 3,600 Alabama high school students. Under his leadership, the Treasury became self-funded—no longer relying on the state’s General Fund—and expanded programs such as the $2.7 billion CollegeCounts529 and the Alabama ABLE program, which allows people with disabilities to save money without losing public benefits.
Boozer also took a conservative approach to staffing and budgets. “During my time as Treasurer, I have managed billions, earned billions, and saved millions of dollars for Alabama taxpayers,” he said. Boozer cut office staff from 46 to 26 and reduced the office’s budget to below 2011 levels.
He also highlighted his work with lawmakers on the Alabama Trust Fund, which receives oil and gas royalties and holds $4.7 billion in assets. “We made improvements to provide a more stable source of revenue to its recipients and provide long-term prudent management of ATF assets,” Boozer said.
Born in Birmingham and raised in Tuscaloosa, Boozer graduated with a bachelor’s degree in economics from Stanford University and a master’s degree in finance from the Wharton School at the University of Pennsylvania. His career in banking and finance included stints at Citibank, Crocker National Bank, Coral Petroleum and Colonial Bank.
He later served as deputy state finance director for Governor Bob Riley, where he helped restructure state bond debt and derivatives to save millions of taxpayer dollars.
Beyond his financial roles, Boozer has been active in civic life, including with 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.
With this announcement, Boozer positions himself as the steady hand he believes Alabama’s finances still need.
