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Nebraska Treasurer

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Nebraska Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2012-13 FY Budget:  $1,389,129
Term limits:  2 consecutive terms
Structure
Length of term:   4 years
Authority:  Nebraska Constitution, Article IV, Section I
Selection Method:  Elected
Current Officeholder

Don Stenberg2.jpg
Name:  Don Stenberg
Officeholder Party:  Republican
Assumed office:  2010
Compensation:  $85,000
Elections
Next election:  November 4, 2014
Last election:  November 2, 2010
Other Nebraska Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorCommissioner of EducationAgriculture DirectorInsurance DirectorNatural Resources DirectorLabor CommissionerPublic Service Commission
The Treasurer of the State of Nebraska is the chief financial officer of the government of Nebraska.[1]

The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department's main purpose is to invest state funds and maintain accurate records of transactions enacted by the state. The state office also disperses funds to local governments as needed, keeps track of unclaimed property and helps with investments.[2]

The treasurer is elected every four years.[3]

Current officeholder

The current treasurer of Nebraska is Don Stenberg (R). He was elected in 2010 and is serving in his first term. Stenberg was raised in Tekamah, Nebraska. His parents operated a small business out of their home. Before going to college, Stenberg worked on a farm, mowed lawns and worked as a life guard. He attended the University of Nebraska and won an athletic scholarship to run track. He went on to earn both an MBA and J.D. from Harvard.

After graduating from law school, Stenberg entered private practice in Lincoln where he practiced until 1979, when he was named legal counsel to the Governor of Nebraska. He served in several capacities while working for the governor, including Director of the Governor's Policy Research Office, Assistant to the Governor and Director of the Nebraska Department of Administrative Services. Stenberg served as the Attorney General of Nebraska from 1991 to 2003.[3]

Authority

The state Constitution addresses the office of treasurer in Article IV, the Executive Department.

Under Article IV, Section I:

The executive officers of the state shall be the Governor, Lieutenant Governor, Secretary of State, Auditor of Public Accounts, State Treasurer, Attorney General, and the heads of such other executive departments as set forth herein or as may be established by law.

Qualifications

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that establishes the requirements necessary to qualify for a state executive office. That information for the Nebraska Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Elections

Nebraska state government organizational chart

Nebraska elects treasurers every four years during the mid-term elections, thus 2014 and 2018 are both treasurer election years.

Term limits

Article IV, Section 3 of the state Constitution sets a limit of two consecutive terms for treasurers. After serving two consecutive terms, a person becomes eligible to run again for the position after four years and/or one full term.

Vacancies

As established by Article IV, Section 11 of the Nebraska Constitution, in the event of a vacancy in the office of treasurer, the governor fills the office by appointment. The appointee serves until a successor is elected and qualified.

Duties

Some of the duties of the Nebraska Treasurer include:[1]

  • Responsible for receipting in all monies from state government from taxes to tuition.
  • Responsible for returning money, stocks, bonds, dividends, utility deposits, vendor payments, gift certificates and insurance proceeds to the rightful owners.
  • The State Treasurer is the trustee of the Nebraska College Savings Program, a nationally distributed 529 plan that helps parents and grandparents save for their children’s and grandchildren’s education.
  • Responsible for the centralized receipting and disbursing of child support and related court-ordered payments.
  • The Nebraska Long-Term Care Savings Plan: A Nebraska-based plan providing state tax deductions and tax-free withdrawals for expenses and insurance premiums depending upon age and circumstance.
  • NebraskaSpending.gov: A website, maintained by the State Treasurer’s Office, that discloses how the State of Nebraska spends and receives funds.

Divisions

In addition to the Treasurer's Office, there are five other main divisions within the office of the Nebraska State Treasurer:[3]

State budget

The budget for the Treasurer's office in Fiscal Year 2012-13 was $1,389,129.[4]

Compensation

See also: Compensation of state executive officers

The state Constitution addresses compensation for state executive officials in Article IV, Section 25.

The officers provided for in this article shall receive such salaries as may be provided by law. Such officers, or such other officers as may be provided for by law, shall not receive for their own use any fees, costs, or interest upon public money in their hands.

2013

In 2013, the treasurer's salary remained at $85,000.[5]

2012

In 2012, the Nebraska Treasurer was paid an estimated $85,000 according to the Council of State Governments.

Historical officeholders

There were three Treasurers of Nebraska Territory between 1855-1867.[6]

There have been 43 State Treasurers of Nebraska since 1867. Of the 43 officeholders, 33 Republican, 8 were Democrat, 1 was Democrat/Populist and 1 was Democrat/Anti-Monopolist.[6]

Recent news

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

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

Nebraska Treasurer News Feed

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Contact information

Nebraska State Treasurer's Office
Room 2005, State Capitol Bldg
PO Box 94788
Lincoln, NE 68509-4788

Phone: (402)471-2455
Fax: (402)471-4390

See also

External links

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References