Michigan State Treasurer
Chief financial officer for the U.S. state of Michigan
From Wikipedia, the free encyclopedia
The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan. The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguards the credit of the state, and distributes revenue sharing monies to local units of government. It is an unelected office within the executive branch.[2]
- Rachael A. Eubanks, State Treasurer
- Tom Saxton, Chief Deputy Treasurer
| Department overview | |
|---|---|
| Formed | July 23, 1965[1] |
| Headquarters | |
| Annual budget | $490,289,100 |
Department executives |
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Key document | |
| Website | michigan |
- Governor (Gretchen Whitmer)
- Governor's pleasure
| State Treasurer of the State of Michigan | |
|---|---|
| Michigan Department of Treasury | |
| Appointer |
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| Term length |
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| Inaugural holder | Henry Howard |
| Formation | 1837 |
| Website | michigan |
The current state treasurer is Rachael A. Eubanks, who was appointed by Governor Gretchen Whitmer in January 2019.[3]
Appointment
Under the original 1835 Michigan Constitution, the state treasurer was established as an appointed position. State treasurers were appointed by the state legislature.[4] Under the 1850 Michigan Constitution, the state treasurer became an elected position. Elections for the position were held every two years.[5] Under the current 1963 state constitution, the position of state treasurer returned to be an appointed position. State treasurers are now appointed by the governor, with the consent of the state senate.[6][7]
List of state treasurers of Michigan
Notes
- Appointed by governor to serve as state treasurer until the legislature appointed a new one.
- First elected state treasurer.
- Removed from office by the governor.
- Initially appointed by governor to fill vacancy, and then elected in the following general election.
- Appointed by governor to fill vacancy.
- Nominated and began serving in 1978, formally confirmed in 1979.