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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

Kurt Schuller.jpg
Name:  Kurt Schuller
Officeholder Party:  Republican
Assumed office:  January 3, 2011
Compensation:  $68,556
Elections
Next election:  November 4, 2014
Last election:  November 2, 2010
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 Kurt Schuller.

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


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

The budget for the State Treasurer's Office in Fiscal Year 2013 was $4,861,100.[8]

Compensation

See also: Compensation of state executive officers

In 2012, the Wisconsin Treasurer was paid an estimated $68,556. This figure comes from the Council of State Governments.

Historical officeholders

There have been 34 Wisconsin Treasurers since 1848. Of the 34 officeholders, 23 were Republican, 9 were Democrat, 1 was Progressive and 1 was appointed from the staff.[9]

Recent news

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

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

Wisconsin Treasurer 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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References