Khouri named new state treasurer
Utility executive Nick Khouri will be Michigan’s next state treasurer. But Khouri also comes to the job with a lengthy state government resume – including time as a deputy treasurer.
Khouri was named to the job by Governor Rick Snyder and will start the job next month, a just a few days after the April 15 tax filing deadline. As well as collecting taxes, the state treasurer plays a key role in declaring local governments and school districts in financial distress, and naming emergency managers.
Khouri says he’s impressed by how Snyder handled the Detroit bankruptcy and other local financial crises.
“He’s shown a willingness to take on the big issues that have either been ignored for years and years or that have been punted,” Khouri said, “and that willingness to take on the big challenges and leave a legacy I thought was really important.”
Khouri will replace Kevin Clinton, who plans to take a job in the insurance industry.