Wisconsin Treasurer

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Wisconsin Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $4,861,100
Term limits:  None
Structure
Length of term:   4 years
Authority:  Wisconsin State Code, Chapter 14.56
Selection Method:  Elected
Current Officeholder

Matt Adamczyk.jpg
Name:  Matt Adamczyk
Officeholder Party:  Republican
Assumed office:  January 5, 2015
Compensation:  $69,936
Elections
Next election:  November 6, 2018
Last election:  November 4, 2014
Other Wisconsin Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission
The Wisconsin Treasurer is an elected executive position in the Wisconsin state government. The treasurer is the state's chief banker and responsible for managing Wisconsin's unclaimed property program, a local government investment pool, and the Wisconsin College Savings Program.[1]

Current officeholder

The current officeholder is Republican Matt Adamczyk. He was first elected in 2014 to replace Kurt Schuller (R), who did not seek re-election in 2014.

Authority

The treasurer's office is authorized by Chapter 14.56 of the Wisconsin state code.[2]

Chapter 14.56:

Office of state treasurer; creation. There is created an office of the state treasurer under the direction and supervision of the state treasurer.

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 Wisconsin 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.

Vacancies

Chapter 17.19(4) of the Wisconsin state code addresses vacancies in the office of treasurer. In the event of a vacancy for any reason, the governor shall appoint a successor to serve until a special election can be held. If no such election is held, the appointee holds office for the remainder of the unexpired term. [3]

Duties

The Wisconsin Treasurer serves as the chief banking officer of the state. They are responsible for managing the unclaimed property program, college savings program, and a local government investment funds pool.[4]

The specific duties of the treasurer are outlined in Chapter 14.58 of the Wisconsin state code.

Chapter 14.58 - Duties. The state treasurer shall:
1. Sign checks, share drafts, and other drafts. Sign checks, share drafts, and other drafts on depositories in which moneys may be deposited in one of the following methods:

  • By the state treasurer personally;
  • By an assistant state treasurer, appointed as provided in s. 14.62, in the name of the state treasurer;
  • In the name of the state treasurer, by any clerk in the treasurer's office designated by the treasurer; or
  • By placing on a check, share draft or other draft the facsimile signature of the state treasurer adopted by him or her as a facsimile signature. Any depository shall be fully warranted and protected in making payment on any check, share draft or other draft bearing such facsimile notwithstanding that the facsimile may have been placed on the check, share draft or other draft without the state treasurer's authority.[5]

2. Permit examination of books. Permit at all times inspection and examination of the books, papers and transactions of the treasurer's office by the governor, secretary of state, attorney general, department of administration or state auditor, or by the legislature, any committee thereof or either house thereof.[5]
3. Make certified copies. Make a certified copy of any deed, bond, document or paper filed in the treasurer's office, and transcripts from the books and records kept therein, when required by any person so to do; and collect therefore 25 cents per folio, and $1 for such certificate.[5]
4. Other duties. Perform all other duties imposed upon the state treasurer by law.[5]

Elections

Wisconsin state government organizational chart

According to Article 6 of the state Constitution, the treasurer is elected every four years, in mid-term election years, to a four-year term. In Wisconsin, the treasurer is elected in 2010, 2014, and 2018.

Full history

2014

See also: Wisconsin down ballot state executive elections, 2014

Republican Matt Adamczyk won election on November 4, 2014.

Wisconsin Treasurer, 2014
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngMatt Adamczyk 48.8% 1,120,140
     Democratic David Sartori 44.7% 1,026,548
     Green Ron Hardy 2.9% 66,120
     Libertarian Jerry Shidell 2.3% 53,113
     Constitution Andrew Zuelke 1.2% 28,053
     Nonpartisan Scattering 0.1% 1,244
Total Votes 2,295,218
Election Results via Wisconsin Government Accountability Board.

Divisions

There are three divisions within the office of the treasurer:

  • The Unclaimed Property Division maintains records for all unclaimed property in the state.[4]
  • The College Savings Program Division manages a savings program for future higher education expenses.[6]
  • The Local Government Investment Division pools investment funds from Wisconsin counties, municipalities, school districts and other local government units with state funds to create greater earning potential.[7]

State budget

See also: Wisconsin state budget and finances

The budget for the state treasurer's office in fiscal year 2014 was $544,800. There was an 88 percent decrease in funding between 2012 and 2013, when the department's responsibilities were decreased and parceled out to other state agencies.[8][9] The current state treasurer, Matt Adamczyk (R), ran for office with the goal of eliminating the state treasurer position altogether. Adamczyk has eliminated two full-time positions within the agency, and is cutting all unnecessary budget items. He voluntarily returns a quarter of his salary to the state, and plans to advocate for a constitutional amendment in 2017 to eliminate the state treasurer office.[10]

Compensation

See also: Compensation of state executive officers

In 2015, the treasurer's salary is set at $69,936.[11]

2014

In 2014, the treasurer received a salary of $68,566, according to the Council of State Governments.[12]

2013

In 2013, the treasurer received a salary of $68,566, according to the Council of State Governments.[13]

2012

In 2012, the treasurer received a salary of $68,566, according to the Council of State Governments.

Historical officeholders

There have been 35 Wisconsin Treasurers since 1848. Of the 35 officeholders, 24 were Republican, nine were Democrat, one was Progressive and one was appointed from the staff.[14]

List of Former Officeholders from 1848-Present
# Name Tenure Party
1 Jarius C. Fairchild 1848-1852 Electiondot.png Democratic
2 Edward H. Janssen 1852-1856 Electiondot.png Democratic
3 Charles Kuehn 1856-1858 Electiondot.png Democratic
4 Samuel D. Hastings 1858-1866 Ends.png Republican
5 William E. Smith 1866-1870 Ends.png Republican
6 Henry Baetz 1870-1874 Ends.png Republican
7 Ferdinand Kuehn 1874-1878 Electiondot.png Democratic
8 Richard Guenther 1878-1882 Ends.png Republican
9 Edward C. McFetridge 1882-1887 Ends.png Republican
10 Henry B. Harshaw 1887-1891 Ends.png Republican
11 John Hunner 1891-1895 Electiondot.png Democratic
12 Sewell A. Peterson 1895-1899 Ends.png Republican
13 James O. Davidson 1899-1903 Ends.png Republican
14 John J. Kempf 1903-1904 Ends.png Republican
15 Thomas M. Purtell 1904-1905 Ends.png Republican
16 John J. Kempf 1905-1907 Ends.png Republican
17 Andrew H. Dahl 1907-1913 Ends.png Republican
18 Henry Johnson 1913-1923 Ends.png Republican
19 Solomon Levitan 1923-1933 Ends.png Republican
20 Robert K. Henry 1933-1937 Electiondot.png Democratic
21 Solomon Levitan 1937-1939 Progressive
22 John M. Smith 1939-1947 Ends.png Republican
23 John L. Sonderegger 1947-1948 Ends.png Republican
24 Clyde M. Johnston 1948-1949 appointed from staff
25 Warren R. Smith 1949-1957 Ends.png Republican
26 Dena A. Smith 1957-1959 Ends.png Republican
27 Eugene M. Lamb 1959-1961 Electiondot.png Democratic
28 Dena A. Smith 1961-1968 Ends.png Republican
29 Harold W. Clemens 1968-1971 Ends.png Republican
30 Charles P. Smith 1971-1991 Electiondot.png Democratic
31 Cathy S. Zeuske 1991-1995 Ends.png Republican
32 Jack C. Voight 1995-2007 Ends.png Republican
33 Dawn Marie Sass 2007-2011 Electiondot.png Democratic
34 Kurt Schuller 2011-2015 Ends.png Republican
35 Matt Adamczyk 2015-present Ends.png Republican

State profile

Wisconsin's population in 2013 was 5,742,713.

Wisconsin's population in 2013 was 5,742,713 according to the United States Census Bureau. This estimate represented a 1 percent change from the bureau's 2010 estimate. The state's population per square mile was 105 in 2010, exceeding the national average of 87.4. Wisconsin experienced a 1.5 percent increase in total employment from 2011 to 2012 based on census data, falling below a 2.2 percent increase at the national level during the same period.[15]

Demographics

Wisconsin fell below the national average for residents who attained at least bachelor's degrees based on census data from 2009 to 2013. The United States Census Bureau found that 26.8 percent of Wisconsin residents aged 25 years and older attained bachelor's degrees compared to 28.8 percent at the national level. The median household income in Wisconsin was $52,413 between 2009 and 2013 compared to a $53,046 national median income. Census information showed a 13.5 percent poverty rate in Wisconsin during the study period compared to a 14.5 percent national poverty rate.[15]

Racial Demographics, 2013[15]
Race Wisconsin (%) United States (%)
White 88.1 77.7
Black or African American 6.5 13.2
American Indian and Alaska Native 1.1 1.2
Asian 2.5 5.3
Two or More Races 1.7 2.4
Hispanic or Latino 6.3 17.1

Presidential Voting Pattern, 2000-2012[16][17]
Year Democratic vote in Wisconsin (%) Republican vote in Wisconsin (%) Democratic vote in U.S. (%) Republican vote in U.S. (%)
2012 52.8 45.9 51.1 47.2
2008 56.2 42.3 52.9 45.7
2004 49.7 49.3 48.3 50.7
2000 47.8 47.6 48.4 47.9

Note: Each column will add up to 100 percent after removing the "Hispanic or Latino" percentage, although rounding by the Census Bureau may make the total one- or two-tenths off. Read more about race and ethnicity in the Census here.[18]

Recent news

This section displays the most recent stories in a Google news search for the terms "Wisconsin State Treasurer."

Some of the stories below may not be relevant to this page due to the nature of Google's news search engine.

Wisconsin Treasurer - Google News Feed

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Contact information

Wisconsin

Wisconsin Office of the Treasurer
P.O. Box 2114
Madison, WI 53701

Phone: 608-266-1714
Toll free: 1-877-699-9211
E-mail: Unclaimed Property; Local Government Investment Pool

See also

External links

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Suggest a link

References

  1. Wisconsin State Treasury, "The treasurer's office," accessed August 25, 2011
  2. Wisconsin state code, "Chapter 14: Constitutional Offices and Interstate Bodies (page 8)," accessed August 25, 2011
  3. Wisconsin state code, "Chapter 17: Resignations, vacancies, and removals from office (page 7)," accessed August 25, 2011
  4. 4.0 4.1 Wisconsin State Treasury, "The treasurer's office," accessed August 25, 2011
  5. 5.0 5.1 5.2 5.3 Wisconsin state code, "Chapter 14: Constitutional Offices and Interstate Bodies (page 8)," accessed August 25, 2011
  6. Wisconsin State Treasury, "Wisconsin college savings program," accessed August 25, 2011
  7. Wisconsin State Treasury, "Local government investment pool," accessed August 25, 2011
  8. New York Times, "Wisconsin's treasurer wants to cut needless workers starting with himself," February 1, 2015
  9. Wisconsin Department of Administration, "2013-15 Enacted Budget - State Treasurer," accessed April 3, 2013
  10. Inquisitr.com, "Wisconsin State Treasurer eliminates useless positions- starting with his own," February 3, 2015
  11. The Journal Sentinel, "New state treasurer lays off staff to fulfill campaign pledge," January 24, 2015
  12. Council of State Governments, "SELECTED STATE ADMINISTRATIVE OFFICIALS: ANNUAL SALARIES," accessed December 8, 2014
  13. Council of State Governments, Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 31, 2014
  14. Wisconsin Blue Book 2007-2008, "Statistical Information on Wisconsin: History," accessed August 5, 2013
  15. 15.0 15.1 15.2 United States Census Bureau, "QuickFacts Beta," accessed March 24, 2015
  16. Wisconsin Government Accountability Board, "Wisconsin Election Results," accessed March 24, 2015
  17. The American Presidency Project, "Presidential Elections Data," accessed March 24, 2015
  18. United States Census Bureau, "Frequently Asked Questions," accessed April 21, 2014