Rhode Island General Treasurer

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Rhode Island General Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $2,710,773
Term limits:  2 terms
Length of term:   4 years
Authority:  Rhode Island general laws, § 42-10-1
Selection Method:  Elected
Current Officeholder

Seth Magaziner.JPG
Name:  Seth Magaziner
Officeholder Party:  Democratic
Assumed office:  January 6, 2015
Compensation:  $108,808
Next election:  November 6, 2018
Last election:  November 4, 2014
Other Rhode Island Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission
The General Treasurer of Rhode Island is an elected executive position in the Rhode Island state government. The treasurer is the state's chief banker and financial officer, responsible for receiving and disbursing all state funds.

Current officeholder

The current officeholder is Democrat Seth Magaziner. He was first elected to the office on November 4, 2014, replacing Gina Raimondo (D).


The Office of the General Treasurer, with the general treasurer as its head, is established in the Rhode Island Constitution and Section 42-10-1 of the Rhode Island general laws.

§ 42-10-1:

There shall be a treasury department. The head of the treasury department shall be the general treasurer. The general treasurer shall perform the duties required by this chapter, chapters 11 and 15 of title 5; chapter 4 of title 35; chapter 21 of title 44; and all other provisions of the general laws and public laws insofar as those powers and duties relate to the general treasurer and the treasury department. He or she shall receive all revenues of the state except as may otherwise be specified by law. He or she shall disburse only such sums of money as are authorized by the department of administration, except as may otherwise be provided by law.


According to the Rhode Island Secretary of State, "if you are a registered voter who is 18 years of age or older, you may run for any political office in Rhode Island other than senator in Congress."[1]

  • at least 18 years old
  • a registered voter


Article IV, Section 4 of the state Constitution addresses vacancies. In the event of a vacancy in the office of secretary of state, attorney general, or treasurer, the Rhode Island General Assembly elects a successor to fill the remainder of the unexpired term. If the vacancy occurs when the general assembly is not in session, the governor appoints a person to fill the vacancy to serve until a successor is elected by the general assembly.


Article IV, Section 1 of the state Constitution specifies that the offices of state Constitution, no person may hold the office of governor, lieutenant governor, secretary of state, attorney general, and treasurer are to be elected every four years during the November general election and shall hold their offices beginning the first Tuesday of January next succeeding their election, until their successors are elected and qualified. The offices are elected in mid-term election years (2018, 2022, 2026, et cetera).

Term limits

According to Article IV, Section 1 of the state Constitution, no person may hold the office of governor, lieutenant governor, secretary of state, attorney general, or treasurer for more than two consecutive four-year terms.

Full history


See also: Rhode Island down ballot state executive elections, 2014

Democrat Seth Magaziner won the election on November 4, 2014.

Rhode Island Treasurer, 2014
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngSeth Magaziner 57.1% 175,902
     Independent Ernest Almonte 42.7% 131,423
     Nonpartisan Write-in votes 0.2% 588
Total Votes 307,913
Election Results via State of Rhode Island.


The treasurer serves as the state's chief banker. They are responsible for receiving and disbursing all state funds, issuing general obligation notes and bonds, managing the investments of state funds and overseeing the retirement system for state employees, teachers, and some municipal employees. The treasurer also manages the unclaimed property division, the crime victim compensation program and the CollegeBound fund.[2]


  • Investments and Finance
  • Employees' Retirement System
  • Crime Victim Compensation Fund
  • Unclaimed Property

State budget

See also: Rhode Island state budget and finances

The budget for the Treasury Department in Fiscal Year 2013 was $2,710,773.[3]


See also: Compensation of state executive officers


In 2014, the treasurer was paid an estimated $108,808, according to the Council of State Governments.[4]


In 2013, the treasurer was paid an estimated $108,808, according to the Council of State Governments.[5]


In 2012, the treasurer was paid an estimated $108,808, according to the Council of State Governments.

Historical officeholders

Recent news

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Rhode Island General Treasurer - Google News Feed

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Contact information

Rhode Island

Treasury Office
State House, Room 102
Providence, RI 02903

Phone: (401) 222-2397
Fax: (401) 222-6140
E-mail: General information

See also

External links

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