Washington Treasurer

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Washington

Washington State Executives
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The Washington Treasurer is a state executive position in the Washington state government. As the state's chief financial office, the treasurer manages the cash flow, investments, and debt of all major state accounts. The incumbent also serves on the State Investment Board, providing guidance for the management of long-term debt and investments.

Current officeholder

The current officeholder is James McIntire. He was first elected in 2008 and is running for re-election in 2012.

Authority

Article 3 of the state constitution establishes the state's executive offices.

Article III, Section 2:

Executive Department. The executive department shall consist of a governor, lieutenant governor, secretary of state, treasurer, auditor, attorney general, superintendent of public instruction, and a commissioner of public lands, who shall be severally chosen by the qualified electors of the state at the same time and place of voting as for the members of the legislature.

Qualifications

Article 3, Section 25 of the state constitution establishes the qualifications of the office:

Qualifications, Compensation, Offices Which May Be Abolished. No person, except a citizen of the United States and a qualified elector of this state, shall be eligible to hold any state office...
  • a citizen of the United States
  • a qualified elector in Washington

Elections

In Washington, the governor, lieutenant governor, secretary of state, treasurer, auditor, attorney general, superintendent of public instruction, and commissioner of public lands are elected every four years. Elections are held in November and winners assume office the following January, serving until their successors are elected and qualified.

Washington elects their state executives in presidential years (2012, 2016, and 2020).

2012

See also: Washington down ballot state executive elections, 2012

Incumbent James McIntire (D) won re-election on November 6, 2012. He defeated one challenger, Republican Sharon Hanek.

  • 2012 General Election Results for Washington Treasurer
Washington Treasurer General Election, 2012
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngJames McIntire Incumbent 58.7% 1,695,401
     Republican Sharon Hanek 41.3% 1,192,150
Total Votes 2,887,551
Election Results via Washington Secretary of State.


Vacancies

In the event of a vacancy in this office, the governor shall fill the vacancy by appointment. The term of the appointee expires when a successor has been elected and qualified.

Duties

The specific duties of the attorney general are outlines in Chapter 43 of the Washington state laws:[1]

  1. Receive and keep all moneys of the state in the manner provided in RCW 43.88.160, as now or hereafter amended;
  2. Disburse the public moneys only upon warrants or checks drawn upon the treasurer in the manner provided by law;
  3. Account for moneys in the manner provided by law;
  4. Render accounts in the manner provided by law;
  5. Indorse on each warrant when required by law, the date of payment, the amount of the principal, and the interest due on that date;
  6. Report annually to the legislature a detailed statement of the condition of the treasury, and of its operations for the preceding fiscal year;
  7. Give information, in writing, to either house of the legislature, whenever required, upon any subject connected with the treasury, or touching any duty of his or her office;
  8. Account for and pay over all moneys on hand to his or her successor in office, and deliver all books, vouchers, and effects of office to him or her, who shall receipt therefore;
  9. Upon payment of any warrant, or check, take upon the back thereof the indorsement of the person to whom it is paid.

The treasurer also sits on the State Investment Board, Housing Finance Commission, State Finance Committee, Public Deposit Protection Commission, GET Board, and the Economic Development Finance Authority.

Divisions

The treasurer is aided by three deputy treasurers who each manage a different division of the office:

  • Accounting
  • Debt Management
  • Investments

Compensation

Article III, Section 19 of the state constitution initially set the annual salary of the treasurer at $2,000 but allowed for the state legislature to increase it. In 2010, the treasurer was paid an estimated $116,950, according to the Council of State Governments.[2]

Contact information

Washington

Washington State Treasurer
416 Sid Snyder Building Avenue SW
Legislative Building, Room 230
Olympia Washington, WA 98504

See also

External links

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References