COLUMBUS: Ohio Treasurer Josh Mandel said he reduced his office’s budget by $1.2 million after identifying cost-cutting measures through a comprehensive review of office operations.
Mandel, a first-term Republican running for the U.S. Senate, released results of the review Tuesday. He said the review led him to discontinue buying or using promotional giveaway items with the treasurer’s name on them and reduced or eliminated spending on promotional materials and advertising.
He said the office also is using technology more wisely to save money and modernizing banking practices as a result of the review. For example, the staff now uses electronic banking to deposit checks that were previously being driven to Cleveland daily.
Mandel says the office returned a surplus to the state of $400,000 at the end of the fiscal year.