Vermont Treasurer

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Vermont Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2010 FY Budget:  $2,677,029
Term limits:  None
Structure
Length of term:   2 years
Selection Method:  Elected
Current Officeholder

Elizabeth Pearce.jpg
Name:  Elizabeth Pearce
Officeholder Party:  Democratic
Assumed office:  January 2011
Compensation:  $90,376
Elections
Next election:  November 4, 2014
Last election:  November 6, 2012
Other Vermont Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Board
The Treasurer of Vermont is an elected executive position in the Vermont state government. As the state's banker and chief investment officer, the treasurer is accountable for the receipt and disbursement of public funds, short and long-term debt management, investment of state funds, administration of three retirement systems and pension funds, collecting and returning unclaimed financial property to rightful owners, improving the financial literacy of Vermonters, and advising state policymakers on various fiscal and policy issues.[1]

Current officeholder

The current officeholder is Elizabeth Pearce. She was first appointed to the position in January 2011 by Gov. Peter Shumlin to replace Jeb Spaulding, who was appointed Secretary of Administration.

Authority

The Vermont Treasurer's office is established in the Vermont Constitution. Chapter 2, Section 43 describes the officers to be elected in biennially.

Chapter 2, Section 43:

Biennial Elections
The Governor, Lieutenant-Governor, Treasurer, Secretary of State, Auditor of Accounts, Senators, Town Representatives, Assistant Judges of the County Court, Sheriffs, High Bailiffs, State's Attorneys, Judges of Probate and Justices of the Peace, shall be elected biennially on the first Tuesday next after the first Monday of November, beginning in A.D. 1914.

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 Vermont 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

The governor, lieutenant governor, attorney general, secretary of state, treasurer and auditor are elected every two years, on the first Tuesday following the first Monday in November.

In Vermont, state executives are elected in even numbered years; 2010, 2012, and 2014 are all election years.

Full History


Vacancies

Section 20 of the Vermont Constitution, grants the governor the power to fill a vacancy in the office by appointment. The appointee shall serve until the next regularly scheduled election.

Duties

The office of the treasurer has a wide range of duties:

  • invests state funds
  • issues of all state bonds authorized by the general assembly
  • serves as the central bank for state agencies
  • manages the state's cash balances, processes checks and reconciles payroll and vendor checks
  • safeguards and returns unclaimed or abandoned financial property
  • administers three major pension plans, the deferred compensation plan, and the defined contribution play for state employees, teachers, and participating municipalities[5]

Divisions

Click here to view a larger-scale image of the Vermont Treasurer's office Organizational Chart as of January 14, 2013.

The treasurer's office is organized into an executive office and five divisions. The executive office supervises all of the other divisions and maintains responsibility for overall strategic planning, legislative initiatives, constituent relations, debt management, and financial literacy.[5] The five divisions are:

  • Investment and Debt Management
  • Retirement
  • Technology Services
  • Treasury Operations
  • Unclaimed Property

State budget

The budget for the State Treasurer in Fiscal Year 2010 was $2,677,029.[6]

Compensation

See also: Compensation of state executive officers

2013

In 2013, the Vermont Treasurer was paid an estimated $90,376. This figure comes from the Council of State Governments.[7]

2012

In 2012, the treasurer was paid an estimated $90,376. This figure comes from the Council of State Governments.

2010

In 2010, the Vermont Treasurer was paid an estimated $90,376 according to the Council of State Governments.[8]

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders. That information for the Vermont 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

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Vermont Treasurer News Feed

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Contact information

Vermont

Office of the State Treasurer
109 State Street
Montpelier, VT 05609

See also

External links

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References