Connecticut Treasurer

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Connecticut Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2012-2013 FY Budget:  $126,823,768
Term limits:  None
Length of term:   4 years
Authority:  Connecticut Constitution, Article IV, Section 23
Selection Method:  Elected
Current Officeholder

Denise Nappier.jpg
Name:  Denise L. Nappier
Officeholder Party:  Democratic
Assumed office:  January 1999
Compensation:  $110,000
Next election:  November 6, 2018
Last election:  November 4, 2014
Other Connecticut Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerComptrollerCommissioner of EducationAgriculture CommissionerInsurance CommissionerEnergy & Environmental Protection CommissionerLabor CommissionerPublic Utilities Regulatory Authority
The Treasurer of the State of Connecticut is the chief financial officer of the government of Connecticut. The treasurer is responsible for maintaining the state funds and acting as the state's bank. The executive office is one division of the department, the other five departments are the cash management area, debt management, second injury fund, pension fund management division and the unclaimed property division.

Current officeholder

The current officeholder is Democrat Denise L. Nappier. She was first elected to the office in November 1998. She was re-elected to a fifth term in 2014, defeating Republican Tim Herbst in the general election on November 4, 2014.


The office of treasurer is established in Article IV of the state constitution.

Connecticut Constitution, Article IV, Section 23

The treasurer shall receive all monies belonging to the state, and disburse the same only as he may be directed by law. He shall pay no warrant, or order for the disbursement of public money, until the same has been registered in the office of the comptroller.


In order to be eligible for the office of Treasurer, one must be a citizen of the United States, a qualified voter, and a Connecticut resident for an unspecified number of years.[1]


Connecticut state government organizational chart

Article 4, Section 1:

A general election for governor, lieutenant-governor, secretary of the state, treasurer and comptroller shall be held on the Tuesday after the first Monday of November, 1966, and quadrennially thereafter. Such officers shall hold their respective offices from the Wednesday following the first Monday of the January next succeeding their election until the Wednesday following the first Monday of the fifth January succeeding their election and until their successors are duly qualified.


See also: Connecticut down ballot state executive elections, 2014
Connecticut Treasurer, 2014
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngDenise Nappier Incumbent 50.9% 533,182
     Republican Tim Herbst 49.1% 514,402
     Nonpartisan Write-in votes 0% 119
Total Votes 1,047,703
Election Results via Connecticut Secretary of State.

Term limits

Connecticut state executive officers, including the treasurer, do not face term limits.


If the office of treasurer becomes vacant, the state legislature jointly appoints a replacement; if the legislature is out of session the governor fills the vacancy.[2]

General Statutes of Connecticut, 9-146-213

If the office of the Treasurer becomes vacant, the General Assembly, if in session, shall fill the vacancy for the unexpired portion of the term. (2) If the vacancy occurs when the General Assembly is not in session, or if the General Assembly fails to make an appointment to fill the vacancy and the vacancy does not occur in the year in which a state election is to be held for the office of the Treasurer, the Governor shall appoint a person to serve as acting Treasurer until the next regular session of the General Assembly at which time the Governor shall nominate a successor for the office of Treasurer who shall be subject to approval by the General Assembly. (3) If the vacancy occurs when the General Assembly is not in session or if the General Assembly fails to make an appointment to fill the vacancy and the vacancy occurs in the year in which a state election is to be held for the office of the Treasurer, the Deputy Treasurer shall fill the vacancy for the unexpired portion of the term.


The responsibilities of the Treasurer include, but are not limited to:[3]

  • Cash management
  • Investment of retirement funds
  • Investment of trust funds
  • Management of bonded debt
  • Bond issuance
  • Debt service
  • Arbitrage rebate
  • Banking services
  • Unclaimed property
  • College savings
  • Local government investment pool


The office of the treasurer includes the Executive Office, along with the following five divisions:[4]

  • Cash Management
  • Debt Management
  • Second Injury Fund
  • Pension Fund Management Division
  • Unclaimed Property Division

State budget

See also: Connecticut state budget and finances

The budget for the Treasurer's Office in the 2012-2013 Fiscal Year was $126,823,768.[5]


See also: Compensation of state executive officers

The salaries of Connecticut's elected state executives are determined by law as mandated by the Connecticut Constitution.[6] Article IV, Section 7 of the state constitution also requires all changes in salary to take effect following the next election for the affected offices:

Text of Section 7:

The compensations of the governor and lieutenant-governor shall be established by law, and shall not be varied so as to take effect until after an election, which shall next succeed the passage of the law establishing such compensations.[7]


In 2014, the treasurer received a salary of $110,000, according to the Council of State Governments.[8]


In 2013, the treasurer received a salary of $110,000. This figure comes from the Council of State Governments.[9]


In 2012, the Connecticut Treasurer was paid an estimated $110,000. This figure comes from the Council of State Governments.

Historical officeholders

Click "show" for former officeholders.

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Contact Information

Connecticut State Treasurer's Office
55 Elm Street
Hartford CT 06106

Phone: (800) 618-3404

See also

External links