Kentucky State Treasurer

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Kentucky Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $3,144,700
Term limits:  2 consecutive terms
Structure
Length of term:   4 years
Authority:  Kentucky Constitution, Executive Department Article, Section 91
Selection Method:  Elected
Current Officeholder
Name:  Todd Hollenbach
Officeholder Party:  Democratic
Assumed office:  January 2008
Compensation:  $113,615
Elections
Next election:  November 2015
Last election:  November 8, 2011
Other Kentucky Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorCommissioner of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor Cabinet SecretaryPublic Service Commission
The Treasurer of the State of Kentucky is an elected executive official in the Kentucky state government. The treasurer is the chief financial officer of the government of Kentucky, responsible for maintaining the state funds and acting as the state's bank.

Current officeholder

The current treasurer of Kentucky is Todd Hollenbach (D). He is the 37th state treasurer, was elected in 2007 and re-elected in 2011.

Authority

The office of state treasurer is established in the Executive Department Article of the Kentucky Constitution.

Executive Department Article, Section 91:

A Treasurer, Auditor of Public Accounts, Commissioner of Agriculture, Labor and Statistics, Secretary of State, and Attorney-General, shall be elected by the qualified voters of the State at the same time the Governor and Lieutenant Governor are elected, for the term of four years...

Qualifications

Executive Department Article, Section 91 of the Kentucky Constitution establishes the qualifications of the office:

...each of whom shall be at least thirty years of age at the time of his election, and shall have been a resident citizen of the State at least two years next before his election.
  • at least 30 years old at time of election
  • resident of Kentucky for at least two years

Elections

Up until 1851, the governor appointed the Treasurer with the advice and consent of the Kentucky State Legislature. The 1850 Constitution made the treasurer an elected office serving a two-year term. In 1891 this was extended to four-years.[1]

For the state of Kentucky, treasurer election years include 2007, 2011, 2015, 2019. According to state law, the inauguration always takes place the first Monday in January following their election.

Term limits

Kentucky state treasurers are limited to serving two four-year terms.

Vacancies

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the Kentucky State 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.

Duties

The treasurer's duties include:

Divisions

Click here to view a larger-scale image of the Kentucky State Treasurer's office Organizational Chart as of December 8, 2011.

The Treasury Department is divided into three main divisions - General Administration & Support, Disbursements and Accounting, and Unclaimed Property.

Division of General Administration & Support



Division of Disbursements & Accounting



Division of Unclaimed Property

The Division of Unclaimed Property works to find taxpayers who are owed money from the unclaimed property fund. This usually consists of payroll checks, unclaimed safety deposit boxes and vendor checks.


State budget

The Treasury's budget for fiscal year 2013 was $3,144,700 .[2]

Compensation

See also: Compensation of state executive officers

In 2012, the Kentucky State Treasurer was paid an estimated $113,615. This figure comes from the Council of State Governments.

Historical officeholders

From 1792 to 1992, there were 33 Kentucky State Treasurers. Three of them served more than one non-consecutive term. The constitutional prohibition against succeeding oneself was eliminated in 1992 in exchange for a two term limit.[1]

Click "show" for former officeholders.

Recent news

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

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

Kentucky State Treasurer News Feed

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Contact Information

Kentucky State Treasurer's Office
1050 US Highway 127 South, Suite 100
Frankfort, Kentucky 40601

Email: treasury.web@ky.gov
Phone: (502) 564-4722
Fax: (502) 564-6545

See also

External links

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References