Mandel Not Attending State Board of Deposit Meetings
State Board of Deposit meetings are held on a monthly basis and consist of Ohio’s Attorney General, Mike DeWine, Auditor of the State, Dave Yost and Mandel, who serves as the Board’s chairman. The meetings, according to Mandel’s website, are to “designate depositories of the public moneys of the state and implement the Uniform Depository Act as it applies to the state.”
The AP noted Mandel is unique in the sense that he is the only Ohio Treasurer to not attend a single meeting since the minutes were first published in the early 1980s.
Mandel’s camp, however, doesn’t believe this is a significant issue in Mandel’s duties as treasurer.
“Josh is the hardest working state treasurer in America and has a record of accomplishments and high credit ratings to back it up,” said Mandel spokesman Seth Unger earlier this month to the AP. “He’s always up to speed on Board of Deposit and other meetings.”
Justin Barasky, Press Secretary of the Ohio Democratic Party, wasn’t entirely convinced.
“He’s never been focused on doing his job and this revelation might be the solid evidence that shows he’s not doing his job,” said Barasky.
While Mandel hasn’t attended a State Board of Deposit meeting to date, it’s debatable that he could boast he has helped Ohio’s financial status improve since taking office.
According to the Cincinnati Enquirer in an article published last year, the credit rating agency Standard & Poor upgraded Ohio’s outlook from “stable” to “fair.” Ohio also received a higher bond rating by Fitch, which is also a rating agency.
Mandel also said on his webpage that he helped Ohio to end the last fiscal year with a $400,000 surplus and had reduced general revenue fund operating expenses by $1.2 million.
Still, Barasky believes that Mandel’s interests are in places besides his position as treasurer.
“He only met with eight businesses and he’s been to more than 60 fundraisers for his campaign. This is his first year as treasurer and he filed papers to run for Senate as soon as he took office, and he immediately started making out-of-state visits,” said Barasky.
The next State Board of Deposit meeting will be held later this month on Feb. 23.Share