Breaking News: Ballotpedia partners with White House and Congressional leadership to sponsor Affordable Stare Act (ASA)

Arizona Treasurer

From Ballotpedia
Jump to: navigation, search
Arizona Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2012 FY Budget:  $3,795,900
Term limits:  Two consecutive terms
Length of term:   4 years
Authority:  Arizona Constitution, Article 5, Section 1 (Version 2)
Selection Method:  Election
Current Officeholder

Jeff DeWit.jpg
Name:  Jeff DeWit
Officeholder Party:  Republican
Assumed office:  January 5, 2015
Compensation:  $70,000
Next election:  November 6, 2018
Last election:  November 4, 2014
Other Arizona Executive Offices
GovernorSecretary of StateAttorney GeneralTreasurerSuperintendent of Public InstructionAuditorAgriculture DirectorInsurance DirectorLands CommissionerLabor DirectorCorporation CommissionState Mine Inspector
The Treasurer of the State of Arizona is the chief banker and investment officer of the state of Arizona. The treasurer manages the state's investment portfolio and directs the state's banking services. He or she also maintains a separate accounting record for the state to "provide a check and balance on the state accounting system." The treasurer's office contracts with Arizona banks to "process the state's receipts and disbursements; handle money and security transfers; report on the state's accounts, balances and payment activities; and provide related banking services..."[1]

Current officeholder

The current treasurer is Jeff DeWit, a Republican elected in November 2014. He was sworn in January 5, 2015, succeeding one-term incumbent Doug Ducey (R), who had recently won election to the governor's office.[2]


The office of treasurer is established by the Arizona Constitution as part of the state's executive department.

Arizona Constitution, Article 5, Section 1 (Version 2)

The executive department shall consist of the governor, secretary of state, state treasurer, attorney general, and superintendent of public instruction...


The Arizona Constitution requires all of the officers in the state's executive department, including the treasurer, to be at least 25 years old, a U.S. citizen for 10 years, and an Arizona resident for five years.

Arizona Constitution, Article 5, Section 2

No person shall be eligible to any of the offices mentioned in section 1 of this article except a person of the age of not less than twenty-five years, who shall have been for ten years next preceding his election a citizen of the United States, and for five years next preceding his election a citizen of Arizona.


Arizona state government organizational chart

Arizonans elect their treasurer in midterm election years (2006, 2010, 2014, etc.) for a term of four years. The winner assumes office on the first Monday of January after his or her election. If no candidate receives a majority (over 50 percent) of the votes, a runoff election is held between the two candidates that received the largest amount. If the two candidates in the runoff receive an equal number of votes, the state legislature chooses a winner.

Arizona Constitution, Article 5, Section 1 (Version 2)

A. The executive department shall consist of the governor, secretary of state, state treasurer, attorney general, and superintendent of public instruction, each of whom shall hold office for a term of four years beginning on the first Monday of January, 1971 next after the regular general election in 1970.

B. B. The person having a majority of the votes cast for the office voted for shall be elected. If no person receives a majority of the votes cast for the office, a second election shall be held as prescribed by law between the persons receiving the highest and second highest number of votes cast for the office. The person receiving the highest number of votes at the second election for the office is elected, but if the two persons have an equal number of votes for the office, the two houses of the legislature at its next regular session shall elect forthwith, by joint ballot, one of such persons for said office.


See also: Arizona down ballot state executive elections, 2014

Republican Jeff DeWit won election without opposition on November 4, 2014.

Term limits

Article 5, Section 1 (Version 2) of the Arizona Constitution limits treasurers to two consecutive terms. Former officeholders may run again after they have remained out of office for one full term.


Article 5, Section 8 of the state constitution allows governor to fill vacancies in the office of treasurer by appointment.


The treasurer provides a number of financial services to the state government, including:[3]

  • Distribution and transfer of funds (tax revenue, federal pass-through funds, other appropriations) to "state agencies, municipal governments, school districts, and other organizations."
  • Chairing the state Board of Investment, which invests the state's $11.2 billion Permanent Land Trust Funds. The funds are financed by the sale of state-owned land.
  • Serving as the state's bank; recording the receipt and disbursement of all monies. The treasurer's office contracts with a private bank to provide many banking services.
  • Compiling annual reports on the state's finances.

The treasurer, unlike similar offices in other states, does not deal with pension, unclaimed property, income tax, property tax or tax lien issues.


The treasurer's office includes a number of individual divisions, including:[4]

  • Executive Staff
  • Investment Services
  • Banking Services
  • Distributions
  • Local Government Investment Pool (LGIP)
  • Non-State Deposits
  • Receipting

State budget

See also: Arizona state budget and finances

The budget for the State Treasurer's Office in Fiscal Year 2012 was $3,795,900.[5]


See also: Compensation of state executive officers

The salaries of the treasurer and other elected executives in Arizona is determined by the Arizona Commission on Salaries for Elective State Officers. This five-member committee is sanctioned by Article 5, Section 12 of the Arizona Constitution. Two members are appointed by the governor and one member each is appointed by the President of the Senate, the Speaker of the House and the Chief Justice of the Arizona Supreme Court.[6]

Commission members meet prior to June 1 of each even-numbered year to produce salary recommendations for the governor. The governor may accept, reject or modify recommendations prior to delivery to state legislators. The legislature has 90 days following the governor's transmission of the recommendations to reject or modify salary proposals. If no changes are made, the commission's recommendations take effect following the next election for applicable offices.[7][8]


In 2014, the treasurer's salary remained at $70,000, according to the Council of State Governments.[9]


In 2013, the treasurer was paid an estimated $70,000. This figure comes from the Council of State Governments.[10]


In 2012, the treasurer was paid an estimated $70,000. This figure comes from the Council of State Governments.


In 2010, the treasurer received compensation in the amount of $70,000.[11]

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the Arizona Treasurer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Recent news

This section displays the most recent stories in a google news search for the term Arizona + State + Treasurer

All stories may not be relevant to this page due to the nature of the search engine.

Arizona Treasurer News Feed

  • Loading...

Contact Information


Arizona State Treasurer's Office
1700 W. Washington Street, 1st Floor
Phoenix, AZ 85007

Phone: (602) 604-7800
Fax: (602) 542-7176

See also

External links