North Carolina Treasurer
| North Carolina Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| Compensation: | $146,421 |
| 2025 FY Budget: | $23,132,782 |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | North Carolina Constitution, Article III, Section 7 |
| Selection Method: | Elected |
| Current Officeholder(s) | |
North Carolina Treasurer
Brad Briner | |
| Elections | |
| Next election: | November 7, 2028 |
| Last election: | November 5, 2024 |
| Other North Carolina Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
The North Carolina Treasurer is an elected state executive position in the North Carolina state government. The treasurer is the state's chief financial officer, official banker, and a member of the Council of State.[1] The treasurer's office manages the state's pension and healthcare plans, investments, and unclaimed property, and provides financial support to local governments.[2]
The treasurer is elected by a statewide vote during presidential election years and serves for a four-year term.
Current officeholder
The current North Carolina Treasurer is Brad Briner (R). Briner assumed office in 2025.
Authority
The treasurer's establishment and term of office are derived from Article III, Section 7 of the North Carolina Constitution.
Article III, Section 7:
| A Secretary of State, an Auditor, a Treasurer, a Superintendent of Public Instruction, an Attorney General, a Commissioner of Agriculture, a Commissioner of Labor, and a Commissioner of Insurance shall be elected by the qualified voters of the State in 1972 and every four years thereafter, at the same time and places as members of the General Assembly are elected. Their term of office shall be four years and shall commence on the first day of January next after their election and continue until their successors are elected and qualified.[1] |
Qualifications
Article VI, Section 6 of the North Carolina Constitution establishes the qualifications of the office:
| Every qualified voter in North Carolina who is 21 years of age, except as in this Constitution disqualified, shall be eligible for election by the people to office.[1] |
- Qualified North Carolina voter
- At least 21 years of age
Vacancies
Details of vacancy appointments are addressed under Article III, Section 7.
If a vacancy occurs in the office, the governor appoints another to serve until a successor is elected and qualified. Every such vacancy shall be filled by election at the first election for members of the General Assembly that occurs more than 60 days after the vacancy has taken place, and the person chosen shall hold the office for the remainder of the unexpired term.[1]
Duties
The treasurer is the state's chief financial officer and official banker and a member of the Council of State.[1] The treasurer's office manages the state's pension and healthcare plans, investments, and unclaimed property, and provides financial support to local governments.[2] Additional duties include, but are not limited to:[3]
- Receiving all funds that are paid into the treasury and paying all warrants drawn on the department;
- Developing and adopting an investment policy statement with the governor and reporting on investment returns semiannually;
- Consulting with the Investment Advisory Committee and adopting ethics rules and policies for the department;
- Selecting and designating banks, associations, or trust companies as an official state depository; and
- Setting benefits, premiums, co-pays, deductibles, and coinsurance percentages for the state health plan, subject to approval by the Board of Trustees.
Elections
The treasurer in North Carolina is popularly elected every four years, in presidential election years. The term of office is four years and begins on the first day of January next after their election.[1]
2024
- See also: North Carolina Treasurer election, 2024
General election candidates
- Wesley Harris (Democratic Party)
- Brad Briner (Republican Party) ✔
= candidate completed Ballotpedia's Candidate Connection survey
Democratic primary candidates
= candidate completed Ballotpedia's Candidate Connection survey
Republican primary candidates
Did not make the ballot:
= candidate completed Ballotpedia's Candidate Connection survey
2020
- See also: North Carolina Treasurer election, 2020
General election candidates
- Dale Folwell (Incumbent) (Republican Party) ✔
- Ronnie Chatterji (Democratic Party)
= candidate completed Ballotpedia's Candidate Connection survey Democratic primary candidates
= candidate completed Ballotpedia's Candidate Connection survey Republican primary candidates
This primary was canceled and this candidate advanced:
- Dale Folwell (Incumbent) ✔
Past elections
Divisions
The Department of the State Treasurer consists of the following divisions:[4]
Financial Operations
- The Financial Operations Division accounts for and reports on funds deposited, invested, or disbursed through the treasurer's office. The division consists of six sections: Statewide Banking, Bank Reconciliation, Pensions and Investment Accounting, Statewide Accounting, Departmental Accounting, and Procurement and Contracting.
| Contact Financial Operations | |
|---|---|
| Phone: 919-814-3916 Email: CBS.help@nctreasurer.com | |
Investment Management
- The Investment Management Division is responsible for the management of the state's short-term investment fund, pension fund investment program, and ancillary investment programs.
| Contact Investment Management | |
|---|---|
| Christopher Morris, Co-CIO Phone: 919-814-4330 | |
Retirement Systems
- The Retirement Systems Division administers the pension benefits, supplemental retirement plans, and retirement savings accounts for state and local government employees.
| Contact Retirement Systems | |
|---|---|
| Address: 3200 Atlantic Avenue, Raleigh, NC 27604 Phone: 1-877-627-3287 | |
State Health Plan
- The State Health Plan Division manages the state's health insurance program and provides coverage to teachers, state employees, retirees, and their dependents.
| Contact State Health Plan | |
|---|---|
| Address: 322 Atlantic Avenue, Raleigh, NC 27604
Phone: 855-859-0966 | |
State and Local Government Finance
- The State and Local Government Finance Division handles the sale and delivery of state and local debt, monitors debt repayment, counsels and assists local governments issuing debt, and monitors the fiscal health of all local governments.
| Contact State and Local Government Finance | |
|---|---|
| Phone: 919-814-4300 Email: slgfd@nctreasurer.com | |
Unclaimed Property
- The Unclaimed Property Division manages unclaimed property and processes claims.
| Contact Unclaimed Property | |
|---|---|
| Address: P.O. Box 20431, Raleigh, NC 27619-0431
Phone: 866-622-2741 | |
State budget
- See also: North Carolina state budget and finances
The budget for the Department of State Treasurer in Fiscal Year 2025 was $23,132,782.[5]
Compensation
- See also: Compensation of state executive officers
Article III, Section 9 of the North Carolina Constitution defines the method by which the treasurer's compensation is set:
| The officers whose offices are established by this Article shall at stated periods receive the compensation and allowances prescribed by law, which shall not be diminished during the time for which they have been chosen.[1] |
2023
In 2023, the officer's salary was $146,421, according to the Council of State Governments.[6]
2022
In 2022, the officer's salary was $146,421, according to the Council of State Governments.[7]
2021
In 2021, the treasurer received a salary of $136,699, according to the Council of State Governments.[8]
2020
In 2020, the treasurer received a salary of $133,365, according to the Council of State Governments.[9]
2019
In 2019, the treasurer received a salary of $127,561, according to the Council of State Governments.[10]
2018
In 2018, the treasurer received a salary of $127,561, according to the Council of State Governments.[11]
2017
In 2017, the treasurer received a salary of $127,561, according to the Council of State Governments.[12]
2016
In 2016, the treasurer received a salary of $125,676, according to the Council of State Governments.[13]
2015
In 2015, the treasurer received a salary of $125,676, according to the Council of State Governments.[14]
2014
In 2014, the treasurer received a salary of $124,676, according to the Council of State Governments.[15]
2013
In 2013, the treasurer received a salary of $124,676, according to the Council of State Governments.[16]
2010
In 2010, the treasurer received a salary of $123,198, according to the Council of State Governments.[17]
Historical officeholders
There have been 27 treasurers since 1784. Of the 27 treasurers, 12 were Democratic, three were Republican, one was a member of the Populist Party, one was a member of the Whig Party, and ten do not have party information.[18]
Click [show] to view the full list.
| List of Historical Officeholders from 1784-Present | |||||
|---|---|---|---|---|---|
| # | Name | Tenure | Party | ||
| 1 | Memucan Hunt[19] | 1784-1787 | N/A | ||
| 2 | John Haywood | 1787-1827 | N/A | ||
| 3 | William S. Robards | 1827-1830 | N/A | ||
| 4 | William S. Mhoon | 1831-1835 | N/A | ||
| 5 | Samuel Finley Patterson | 1835-1837 | Whig Party | ||
| 6 | Daniel W. Courts | 1837-1839 |  Democratic
| ||
| 7 | Chalres L. Hinton | 1839-1843 | N/A | ||
| 8 | John Hill Wheeler | 1843-1845 | N/A | ||
| 9 | Charles L. Hinton | 1845-1851 | N/A | ||
| 10 | Daniel W. Courts | 1851-1863 | Democratic
| ||
| 11 | Jonathan Worth | 1863-1865 | N/A | ||
| 12 | William Sloan | 1865-1866 | N/A | ||
| 13 | Kemp P. Battle | 1866-1868 | N/A | ||
| 14 | David A. Jenkins[20] | 1868-1876 |  Republican
| ||
| 15 | John Milton Worth | 1876-1885 | Democratic
| ||
| 16 | Donald W. Bain | 1885-1892 | Democratic
| ||
| 17 | Samuel McDowell Tate | 1892-1895 | Democratic
| ||
| 18 | William H. Worth | 1895-1901 | Populist Party | ||
| 19 | Benjamin Rice Lacy | 1901-1929 | Democratic
| ||
| 20 | Nathan O'Berry | 1929-1932 | Democratic
| ||
| 21 | John P. Stedman | 1932 | N/A | ||
| 22 | Charles M. Johnson | 1933-1949 | Democratic
| ||
| 23 | Brandon P. Hodges | 1949-1953 | Democratic
| ||
| 24 | Edwin M. Gill | 1953-1977 | Democratic
| ||
| 25 | Harlan E. Boyles | 1977-2001 | Democratic
| ||
| 26 | Richard Moore | 2001-2009 | Democratic
| ||
| 27 | Janet Cowell | 2009-2017 | Democratic
| ||
| 28 | Dale Folwell | 2017-2025 | Republican
| ||
| 29 | Brad Briner | 2025-Present | Republican
| ||
Recent news
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Contact information
North Carolina Department of State Treasurer
3200 Atlantic Avenue
Raleigh, NC 27604
Phone: 919-814-4000
See also
| North Carolina | State Executive Elections | News and Analysis |
|---|---|---|
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External links
Footnotes
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 North Carolina State Legislature, "North Carolina State Constitution," accessed Feb. 1, 2021
- ↑ 2.0 2.1 North Carolina Department of State Treasurer, "Office of State Treasurer," accessed Feb. 2, 2021
- ↑ Justia, "NC Gen Stat § 147 (2019)," accessed Feb. 2, 2021
- ↑ North Carolina Department of State Treasurer, "Home," accessed Feb. 2, 2021
- ↑ North Carolina General Assembly, "House Bill 259," accessed December 6, 2023
- ↑ Council of State Governments, "Book of the States 2023 Table 4.11: Selected State Administrative Officials: Annual Salaries," accessed January 21, 2025
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 28, 2022
- ↑ Issuu, "The Book of the States," Sept. 30, 2020
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed Jan. 27, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed Jan. 27, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed Jan. 27, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 3, 2014
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," January 24, 2014
- ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed April 23, 2011
- ↑ North Carolina Department of State Treasurer, "History of North Carolina Treasurers," accessed Feb. 2, 2021
- ↑ First to be elected by a joint vote of the general assembly to serve as a statewide treasurer.
- ↑ First to be elected by a statewide vote
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