Difference between revisions of "Michigan Treasurer"

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|Authority =[[Article V, Michigan Constitution|Michigan Constitution, Article V, Section 3 the Executive Department]]
 
|Authority =[[Article V, Michigan Constitution|Michigan Constitution, Article V, Section 3 the Executive Department]]
 
|Selected =Appointed by the governor
 
|Selected =Appointed by the governor
|Current officeholder =Andy Dillon
+
|Current officeholder =Kevin Clinton
 
|Partisan =
 
|Partisan =
|Officeholder image = Andy Dillon.jpg
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|Officeholder image = Kevin Clinton.jpg
|Assumed office = 2011
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|Assumed office = 2013
 
|Compensation = 174,204
 
|Compensation = 174,204
 
|Next election =
 
|Next election =
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==Current officeholder==
 
==Current officeholder==
The current outgoing state treasurer is [[Andy Dillon]]. He was appointed to the position in 2011 by [[Republican]] [[Governor of Michigan|Gov.]] [[Rick Snyder]] and announced his resignation on Oct. 10, 2013.<ref>[http://www.mlive.com/politics/index.ssf/2013/10/andy_dillon_resigns_michigan_t.html ''Michigan Live,'' "Michigan Treasurer Andy Dillon resigns, citing messy divorce and media scrutiny," October 10, 2013]</ref> His resignation will take effect on Nov. 1, at which time his appointed successor, [[Kevin Clinton]], will assume the office.<ref>[http://www.detroitnews.com/article/20131015/POLITICS02/310150082/Kevin-Clinton-becomes-Michigan-s-state-treasurer?odyssey=mod|newswell|text|FRONTPAGE|s ''Detroit News Lansing Bureau,'' "Kevin Clinton becomes Michigan's state treasurer," October 15, 2013]</ref> {{SEO unique news update|Month=October 2013|Reason=Takes office Nov. 1}}
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The current state treasurer is [[Kevin Clinton]]. He was appointed to the position by [[Republican]] [[Governor of Michigan|Gov.]] [[Rick Snyder]], effective Nov. 1, 2013. Clinton was the [[Michigan Commissioner of Insurance]] until previous state treasurer [[Andy Dillon]] resigned on Oct. 10, 2013 and Snyder tapped Clinton as his replacement.<ref>[http://www.mlive.com/politics/index.ssf/2013/10/andy_dillon_resigns_michigan_t.html ''Michigan Live,'' "Michigan Treasurer Andy Dillon resigns, citing messy divorce and media scrutiny," October 10, 2013]</ref> <ref>[http://www.detroitnews.com/article/20131015/POLITICS02/310150082/Kevin-Clinton-becomes-Michigan-s-state-treasurer?odyssey=mod|newswell|text|FRONTPAGE|s ''Detroit News Lansing Bureau,'' "Kevin Clinton becomes Michigan's state treasurer," October 15, 2013]</ref>  
  
 
==Authority==
 
==Authority==
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==See also==
 
==See also==
 
*[[Treasurer]]
 
*[[Treasurer]]
*[[Andy Dillon]]
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*[[Kevin Clinton]]
  
 
==External links==
 
==External links==

Revision as of 15:34, 4 November 2013

Michigan Treasurer
General information
Office Type:  Non-partisan
Office website:  Official Link
2013 FY Budget:  $2,794,907,600
Term limits:  None
Structure
Authority:  Michigan Constitution, Article V, Section 3 the Executive Department
Selection Method:  Appointed by the governor
Current Officeholder

150px
Name:  Kevin Clinton
Assumed office:  2013
Compensation:  $174,204
Other Michigan Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of Public InstructionDirector of Agriculture and Rural DevelopmentInsurance CommissionerNatural Resources DirectorLabor DirectorPublic Service Commission

The Michigan Treasurer is a state executive position in the Michigan state government.

The office of the state treasurer collects, invests, and disburses all state money. The treasury additionally administers major tax and property laws and safeguards the state's credit.[1]

Current officeholder

The current state treasurer is Kevin Clinton. He was appointed to the position by Republican Gov. Rick Snyder, effective Nov. 1, 2013. Clinton was the Michigan Commissioner of Insurance until previous state treasurer Andy Dillon resigned on Oct. 10, 2013 and Snyder tapped Clinton as his replacement.[2] [3]

Authority

The state Constitution addresses the office of the Treasurer in Article V, the Executive Department.

Under Article V, Section 3:

The single executives heading principal departments shall include a secretary of state, a state treasurer and an attorney general...

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 Michigan 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.

Appointments

The Treasurer is appointed by the Governor.

Vacancies

Since treasurer is one of the three constitutional executive department heads that make up the Executive Branch, its vacancy contingencies are clearly addressed in Article V, Section 6 of the state constitution. The section states that the appointment can be rejected if a majority of state senators vote against it, with the window to reject open for "60 session days after the date of such appointment. Any appointment not disapproved within such period shall stand confirmed."

Duties

The Treasurer is responsible for managing all state funds.[4] This includes:[1]

  • Administers major tax laws and property tax laws
  • Safeguarding the credit of the state and its local units of government
  • Investing retirement funds of Michigan's state employees, public school employees, state police and judges
  • Distributing revenue sharing monies to local units of government
  • Auditing municipal finance records
  • Reuniting abandoned property with its rightful owner.

Divisions

Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the Michigan 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.

State budget

The Department of Treasury's budget for the 2013 fiscal year was $2,794,907,600.[5]

Compensation

See also: Compensation of state executive officers

In 2012, the Michigan Treasurer was paid an estimated $174,204 according to the Council of State Governments.

Historical officeholders

There have been 44 Michigan Treasurer since 1836.[6]

Recent news

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

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

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Contact information

Michigan Department of Treasury
Lansing, Michigan 48922
Phone: (517) 373-3200

See also

External links

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References