Mississippi Treasurer
| Mississippi Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| Compensation: | $90,000 |
| 2025 FY Budget: | $6,658,958 |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | Mississippi Constitution, Article V, Section 134 |
| Selection Method: | Elected |
| Current Officeholder(s) | |
Mississippi Treasurer
David McRae | |
| Elections | |
| Next election: | November 2, 2027 |
| Last election: | November 7, 2023 |
| Other Mississippi Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Executive Director of Environmental Quality • Executive Director of Employment Security • Public Service Commission • Transportation Commission | |
The Treasurer of the State of Mississippi is the chief financial officer of the government of Mississippi.
The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department's main purpose is to invest state funds, disburse funds for local bonds and taxes as needed, ensure records are kept of all money transactions, distribute unclaimed property as needed, and make payments for the state as needed.[1]
The treasurer is elected every four years.
Current officeholder
The current Mississippi Treasurer is David McRae (R). McRae assumed office in 2020.
Authority
The treasurer's powers and duties are established by Article V, Section 134 of the Mississippi Constitution.[2]
Article V, Section 134:
| A State Treasurer and an Auditor of Public Accounts shall be elected as herein provided, who shall hold their office for the term of four (4) years, and shall possess the same qualifications as required for the Secretary of State. They shall receive such compensation as may be provided by law. |
Qualifications
Article 5, Section 133 of the Mississippi Constitution outline the qualifications for secretary of state, which also apply for treasurer:[2]
| ... He shall be at least twenty-five years of age, a citizen of the state five years next preceding the day of his election, and he shall continue in office during the term of four years... |
- at least 25 years old
- a resident of Mississippi for at least the five years before the day of their election[3]
Elections
Mississippi elects treasurers to four-year terms during gubernatorial election years. For Mississippi, 2015, 2019, 2023, and 2027 are all treasurer election years.
2027
- See also: Mississippi Treasurer election, 2027
There are no official candidates yet for this election.
General election
The general election will occur on November 2, 2027.
Past elections
= candidate completed the 
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 Mississippi 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 duties of the treasurer are detailed in the Mississippi Code and listed on the treasurer's website and are as follows:[1]
- Pay the state’s bills on time to maintain a good credit rating
- Receive, protect, disburse, and invest the state’s funds
- Return unclaimed property to its rightful owner
- Distribute tax revenues to counties, cities, and other taxing districts of the state
- Invest and account for the state’s investment funds, trust funds, and bond proceeds
- Issue state bonds for state and local projects, helping keep communities strong
- Administer College Savings Mississippi, which enables thousands of Mississippi families to invest in college savings plans
- Advise state agencies on good financial practices
- Keep taxpayers updated on the state’s finances through the semi-annual Generally Accepted Accounting Principles (GAAP) report
- Serve as Treasurer to the Mississippi Employment Security Commission
- Serve on more more than a dozen boards, including Mississippi Windstorm Underwriting Association Board, Mississippi Guaranty Pool Board, State Bond Commission, Public Employees Retirement Board, Mississippi Business Finance Corporation, Development Bank Board, License Tag Commission, Tort Claims Board, Economic Development Strategic Planning Task Force, State Prison Emergency and Management Board, Private Nonprofit Institutions of Higher Learning (MEFA), the Historic Properties Trust Fund Advisory Committee, and Chairman of the College Savings Plan of Mississippi Board
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 Mississippi 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
- See also: Mississippi state budget and finances
The Office of State Treasurer's budget for fiscal year 2025 was $6,658,958.[5]
Compensation
- See also: Compensation of state executive officers
2023
In 2023, the officer's salary was $90,000, according to the Council of State Governments.[6]
2022
In 2022, the officer's salary was $90,000, according to the Council of State Governments.[7]
2021
In 2021, the treasurer received a salary of $90,000, according to the Council of State Governments.[8]
2020
In 2020, the treasurer received a salary of $90,000, according to the Council of State Governments.[9]
2019
In 2019, the treasurer received a salary of $90,000, according to the Council of State Governments.[10]
2018
In 2018, the treasurer received a salary of $90,000, according to the Council of State Governments.[11]
2017
In 2017, the treasurer received a salary of $90,000, according to the Council of State Governments.[12]
2016
In 2016, the treasurer received a salary of $90,000, according to the Council of State Governments.[13]
2015
In 2015, the treasurer received a salary of $90,000, according to the Council of State Governments.[14]
2014
In 2014, the treasurer was paid an estimated $90,000, according to the Council of State Governments.[15]
2013
In 2013, the treasurer was paid an estimated $90,000, according to the Council of State Governments.[16]
2012
In 2012, the treasurer was paid an estimated $85,500, according to the Council of State Governments.[17]
Historical officeholders
Since 1817 Mississippi has had 49 state treasurers.[18]
Click "show" for former officeholders.
| Number | Name | Took office | Left office | Party |
|---|---|---|---|---|
| 1 | Samuel Brooks | 1817 | 1818 | |
| 2 | Peter Schuyler | 1818 | 1821 | |
| 3 | Samuel C. Wooldridge | 1821 | 1828 | |
| 4 | James Phillips, Jr. | 1828 | 1836 | |
| 5 | J.A. Vanhoesen | 1838 | 1839 | |
| 6 | S. Craig | 1839 | 1839 | |
| 7 | James G. Williams | 1839 | 1839 | |
| 8 | Joshua S. Curtis | 1840 | 1841 | |
| 9 | Richard S. Graves | 1841 | 1843 | |
| 10 | William Clark | 1851 | 1854 | |
| 11 | Shields L. Hussey | 1854 | 1860 | |
| 12 | M.D. Haynes | 1860 | 1865 | |
| 13 | W.B. Weaver | 1865 | 1865 | |
| 14 | John H. Echols | 1865 | 1869 | |
| 15 | William H. Vasser | 1869 | 1874 | |
| 16 | G.H. Holland | 1874 | 1875 | |
| 17 | M.L. Holland | 1875 | 1875 | |
| 18 | William L. Hemingway | 1875 | 1890 | |
| 19 | J.J. Evans | 1890 | 1896 | |
| 20 | A.Q. May | 1896 | 1900 | |
| 21 | J.R. Stowers | 1900 | 1901 | |
| 22 | George W. Carlisle | 1901 | 1902 | |
| 23 | Thad B. Lampton | 1902 | 1904 | |
| 24 | William Jones Miller | 1904 | 1908 | |
| 25 | George Robert Edwards | 1908 | 1912 | |
| 26 | Peter Simpson Stovall | 1912 | 1916 | |
| 27 | John Peroutt Taylor | 1916 | 1920 | |
| 28 | Larkin Seyomer Rodgers | 1920 | 1920 | |
| 29 | William Moseley Murry | 1920 | 1924 | |
| 30 | Ben Shem Lowry | 1924 | 1928 | |
| 31 | Webb Walley | 1928 | 1932 | |
| 32 | Lewis S. May | 1932 | 1936 | |
| 33 | Newton James | 1936 | 1940 | |
| 34 | Lewis S. May | 1940 | 1944 | |
| 35 | Newton James | 1944 | 1948 | |
| 36 | R.W. May | 1948 | 1952 | |
| 37 | Newton James | 1952 | 1956 | |
| 38 | Robert D. Morrow, Sr. | 1956 | 1960 | |
| 39 | Evelyn Gandy | 1960 | 1964 | Democrat |
| 40 | William Winter | 1964 | 1968 | Democrat |
| 41 | Evelyn Gandy | 1968 | 1972 | Democrat |
| 42 | Brad Dye, Jr. | 1972 | 1976 | |
| 43 | Ed Pittman | 1976 | 1980 | |
| 44 | John L. Dale | 1980 | 1980 | |
| 45 | Bill Cole, III | 1980 | 1988 | |
| 46 | Marshall Bennett | 1988 | 2003 | |
| 47 | Peyton Prospere | 2003 | 2004 | |
| 48 | Tate Reeves | 2004 | 2012 | Republican |
| 49 | Lynn Fitch | 2012 | 2020 | Republican |
| 50 | David McRae | 2020 | Present | Republican |
Recent news
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Contact information
Mississippi State Treasurer's Office
PO Box 138
Jackson, MS 39205
Phone: 601-359-3600
Fax: 601-359-2001
See also
External links
Footnotes
- ↑ 1.0 1.1 State Treasury of Mississippi, "Your Treasury," accessed February 2, 2021
- ↑ 2.0 2.1 Mississippi Secretary of State, "The Constitution of the State of Mississippi," accessed February 2, 2021
- ↑ ‘’Mississippi Secretary of State, “Qualifications and fees for Mississippi candidates,” accessed February 2, 2021
- ↑ Associated Press, "Mississippi - Summary Vote Results," August 04, 2015
- ↑ State of Mississippi, "Budget Bulletin Fiscal Year 2024," 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 22, 2022
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed February 2, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed February 2, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed February 2, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed February 2, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed February 2, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed February 2, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed February 2, 2021
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed February 2, 2021
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed February 2, 2021
- ↑ Mississippi Secretary of State, "Historical and Statistical Information," accessed February 2, 2021
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