New Mexico Treasurer
| New Mexico State Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| 2012 FY Budget: | $3,550,800 |
| Term limits: | Two consecutive terms |
| Structure | |
| Length of term: | 4 years |
| Authority: | New Mexico Constitution, Article V, Section I |
| Selection Method: | Elected |
| Current Officeholder | |
 | |
| Name: | James B. Lewis |
| Officeholder Party: | Democratic |
| Assumed office: | 2006 |
| Compensation: | $85,000 |
| Elections | |
| Next election: | November 4, 2014 |
| Last election: | November 2, 2010 |
| Other New Mexico Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Secretary of Education • Agriculture Secretary • Insurance Superintendent • Secretary of Energy, Minerals and Natural Resources • Secretary of Workforce Solutions • Public Regulation Commission • Public Education Commission | |
Contents |
The treasurer is responsible for providing banking services to the state, they reconcile the state's bank accounts, they pay any outstanding debts or loans held by the state, they invest the state's money in operations and bonds as well as investing in local issues as needed. The main purpose of the office is to manage and invest state monies.
The treasurer is elected every four years.
Current officeholder
The current treasurer of New Mexico is James B. Lewis (D). He was first elected in 2006 and is serving in his second term.
Authority
The state Constitution addresses the office of state treasurer in Article V, the Executive Department.
Under Article V, Section 1:
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The executive department shall consist of a governor, lieutenant governor, secretary of state, state auditor, state treasurer, attorney general and commissioner of public lands,... |
Elections
New Mexico elects treasurers in the midterm elections, that is, even years that are not Presidential election years. For New Mexico, 2006, 2010, 2014, and 2018 are all treasurer election years.
Term limits
The State Treasurer is limited to serving two consecutive four-year terms.
Vacancies
Per Article V, Section 5 of the New Mexico Constitution, in the event of a vacancy the governor fills the position by appointment. The appointee serves until the next general election.
State budget
The budget for the State Treasurer's Office in Fiscal Year 2012 was $3,550,800.[1]
Compensation
In 2010, the New Mexico Treasurer was paid an estimated $85,000 according to the Council of State Governments.[2]
Contact information
New Mexico State Treasurer's Office
2019 Galisteo Street, Building K
Santa Fe NM 87504-0608
Phone: 505-955-1120
Fax: 505-955-1195
See also
- Treasurer
- James B. Lewis
- New Mexico Governor Bill Richardson
- Lieutenant Governor of New Mexico
- New Mexico Attorney General
- New Mexico Secretary of State
External links
References
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