State Treasurer
As State Treasurer in are the United States elected or appointed government officials indicated that on the state level are responsible for the financial policy of a state. The office is thus comparable to that of a finance minister in a German federal state. In some states the name is slightly different; so has Florida for a Chief Financial Officer . Texas is the only state that does not have a State Treasurer : Here, the duties of the Comptroller of Public Accounts are carried out .
Significance of the office in the different states
In most countries, the treasurer heads an appropriate authority and is usually a member of the state government. In Arizona, for example, he is one of six state-elected government officials and third in the succession of the governor . The term of office is four years, with one re-election possible. According to his own description of duties, the Arizona State Treasurer acts as the state's chief banker and investment officer. He oversees payment transactions and government accounts; He is also Chairman of the Arizona Loans Committee and serves as Surveyor General for the State Land Survey. When drawing up the state budget, however, the state treasurer has more of an advisory role to the governor, who is usually entrusted with drawing up the budget. Every budget has to be decided by the respective state legislature .
In Maryland the electoral process is different. Since a constitutional amendment in 1851, an election has been made by both chambers of the Maryland General Assembly . This should represent the parliament in the state government. Because of this close relationship between the State Treasurer and the General Assembly , each incumbent regularly reports on his activities to Parliament. His duties also include constant contact with rating agencies .
Meanwhile, there is no choice in Michigan : Here the state treasurer is determined by the respective governor. Here, too, the area of responsibility includes the entire state payment transactions as well as the preparation of tax laws, the administration of the pension fund for state employees and the examination of municipal financial documents.
In the State of New York , the Treasurer's Office existed between 1776 and 1926. Thereafter, it was abolished and its duties were transferred to the State Comptroller , who also acts as State Auditor .
Current incumbent (as of 2017)
- Alabama : Young Boozer
- Alaska : Randall Hoffbeck ( Commissioner of the Department of Revenue )
- Arizona : Jeff DeWit
- Arkansas : Dennis Milligan
- Colorado : Walker Stapleton
- Connecticut : Denise L. Nappier
- Delaware : Ken Simpler
- Florida : Jeff Atwater ( Chief Financial Officer )
- Georgia : Steve McCoy
- Hawaii : Wesley Machida ( Director of Finance )
- Idaho : Ron Crane
- Illinois : Mike Frerichs
- Indiana : Kelly Mitchell
- Iowa : Michael Fitzgerald
- California : John Chiang
- Kansas : Ron Estes
- Kentucky : Allison Ball
- Louisiana : Ron Henson
- Maine : Terry Hayes
- Maryland : Nancy Kopp
- Massachusetts : Deb Goldberg ( Treasurer and Receiver-General )
- Michigan : R. Kevin Clinton
- Minnesota : Myron Frans
- Mississippi : Lynn Fitch
- Missouri : Eric Schmitt
- Montana : Mike Kadas ( Director of the Department of Revenue )
- Nebraska : Don Stenberg
- Nevada : Dan Schwartz
- New Hampshire : William F. Dwyer
- New Jersey : Ford Scudder
- New Mexico : Tim Eichenberg
- New York : Thomas DiNapoli ( State Comptroller )
- North Carolina : Dale Folwell
- North Dakota : Kelly Schmidt
- Ohio : Josh Mandel
- Oklahoma : Ken A. Miller
- Oregon : Tobias Read
- Pennsylvania : Joe Torsella
- Rhode Island : Seth Magaziner ( General Treasurer )
- South Carolina : Curtis Loftis
- South Dakota : Rich Sattgast
- Tennessee : David Lillard
- Utah : David Damschen
- Vermont : Beth Pearce
- Virginia : Manju Ganeriwala
- Washington : Duane Davidson
- West Virginia : John Perdue
- Wisconsin : Matt Adamczyk
- Wyoming : Mark Gordon