Wisconsin Treasurer election, 2022

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2026
2018
Wisconsin Treasurer
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Election details
Filing deadline: June 1, 2022
Primary: August 9, 2022
General: November 8, 2022

Pre-election incumbent(s):
Sarah Godlewski (Democratic)
How to vote
Poll times: 7 a.m. to 8 p.m.
Voting in Wisconsin
Ballotpedia analysis
Federal and state primary competitiveness
State executive elections in 2022
Impact of term limits in 2022
State government trifectas
State government triplexes
Ballotpedia's Election Analysis Hub, 2022
Wisconsin
executive elections
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Treasurer

John Leiber (R) defeated Aaron Richardson (D) and Andrew Zuelke (Constitution Party) in the race for Wisconsin treasurer on November 8, 2022. Incumbent Sarah Godlewski (D) ran for election to the U.S. Senate to represent Wisconsin. She lost in the Democratic primary on August 9, 2022.

Richardson was the mayor of Fitchburg, Wisconsin and previously served on the city council and on the Fitchburg Parks and Recreation Committee. His career experience includes working in tech support for the Oregon School District.[1] Richardson said he would "ensure the investments we make as a state are done with intelligence, excellence and safely," and emphasized his experience as mayor, saying, "As Fitchburg Mayor, Aaron constantly has to balance the needs of the city with its financial limitations to make hard choices as the steward of an over $25 million operating budget and $100 million capital budget."[2]

Leiber previously worked as a staffer for the Wisconsin State Legislature in both the Senate and Assembly. He also worked as a practicing attorney in Madison, Wisconsin.[3] Lieber described himself as a fiscal conservative and said he would be an "advocate for fiscal restraint.”[4] On his campaign website, Leiber said, "Inflation is at a record high and Wisconsin deserves a State Treasurer who will protect our investments now and in the future. We need a Treasurer who will focus on the actual duties of this office and keep government small. Rather than grow government and add new programs, I will carry out the duties of the Treasurer and advocate for saving your tax dollars."[5]

The Milwaukee Journal Sentinel's Ben Baker described the duties of the office as follows: "In Wisconsin, the state treasurer has one duty: to be a member of the Board of Commissioners of Public Lands, which manages 80,000 acres and a $1.3 billion trust fund and dispenses budget-allocated funding to public schools. Treasurers promote Wisconsin's unclaimed property program — an initiative based on a state law that requires businesses to provide all unclaimed money to the Department of Revenue to assist Wisconsinites searching for unclaimed assets."[4]

Since 1995, the duties of the state treasurer have gradually been eliminated or shifted to other state agencies. In order to amend the Wisconsin Constitution to eliminate the state treasurer's office, the state legislature must first approve an amendment in two successive legislative sessions. Following approval by the state legislature, voters must then approve the amendment through a legislatively referred constitutional amendment.[6]

Wisconsin Public Radio's Gaby Vinick said, "While the treasurer's office is as old as the state itself, it's been stripped of many of its duties over the past few decades. Whether that should continue to be the case is one of the defining issues of this year's campaign." Vinick added that "the candidates mostly differ on their views of the scope of the treasurer's office. Richardson wants to expand the office; Leiber does not."[7]

Aaron Richardson (D) and John Leiber (R) completed Ballotpedia's Candidate Connection survey. To read those survey responses, click here.

Candidates and election results

General election

General election for Wisconsin Treasurer

John Leiber defeated Aaron Richardson and Andrew Zuelke in the general election for Wisconsin Treasurer on November 8, 2022.

Candidate
%
Votes
Image of John Leiber
John Leiber (R) Candidate Connection
 
49.6
 
1,293,553
Image of Aaron Richardson
Aaron Richardson (D) Candidate Connection
 
48.1
 
1,254,949
Image of Andrew Zuelke
Andrew Zuelke (Constitution Party)
 
2.2
 
57,333
 Other/Write-in votes
 
0.0
 
1,268

Total votes: 2,607,103
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Democratic primary election

Democratic primary for Wisconsin Treasurer

Aaron Richardson defeated Gillian Battino and Angelito Tenorio in the Democratic primary for Wisconsin Treasurer on August 9, 2022.

Candidate
%
Votes
Image of Aaron Richardson
Aaron Richardson Candidate Connection
 
38.4
 
168,905
Image of Gillian Battino
Gillian Battino Candidate Connection
 
36.4
 
159,902
Image of Angelito Tenorio
Angelito Tenorio Candidate Connection
 
25.2
 
111,012

Total votes: 439,819
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Republican primary election

Republican primary for Wisconsin Treasurer

John Leiber defeated Orlando Owens in the Republican primary for Wisconsin Treasurer on August 9, 2022.

Candidate
%
Votes
Image of John Leiber
John Leiber Candidate Connection
 
65.8
 
357,384
Image of Orlando Owens
Orlando Owens
 
34.2
 
186,084

Total votes: 543,468
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Constitution primary election

Constitution primary for Wisconsin Treasurer

Andrew Zuelke advanced from the Constitution primary for Wisconsin Treasurer on August 9, 2022.

Candidate
%
Votes
Image of Andrew Zuelke
Andrew Zuelke
 
92.4
 
230
 Other/Write-in votes
 
7.6
 
19

Total votes: 249
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Voting information

See also: Voting in Wisconsin

Election information in Wisconsin: Nov. 8, 2022, election.

What was the voter registration deadline?

  • In-person: Nov. 4, 2022
  • By mail: Postmarked by Oct. 19, 2022
  • Online: Oct. 19, 2022

Was absentee/mail-in voting available to all voters?

N/A

What was the absentee/mail-in ballot request deadline?

  • In-person: Nov. 6, 2022
  • By mail: Received by Nov. 3, 2022
  • Online: Nov. 3, 2022

What was the absentee/mail-in ballot return deadline?

  • In-person: Nov. 8, 2022
  • By mail: Received by Nov. 8, 2022

Was early voting available to all voters?

Yes

What were the early voting start and end dates?

Oct. 25, 2022 to Nov. 6, 2022

Were all voters required to present ID at the polls? If so, was a photo or non-photo ID required?

N/A

When were polls open on Election Day?

N/A


Ballotpedia's Candidate Connection survey responses

Ballotpedia asks all federal, state, and local candidates to complete a survey and share what motivates them on political and personal levels. The section below shows responses from candidates in this race who completed Ballotpedia's Candidate Connection survey. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well.

Survey responses from candidates in this race

Click on a candidate's name to visit their Ballotpedia page.

Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. Ballotpedia does not edit or correct typographical errors unless the candidate's campaign requests it.

Expand all | Collapse all

I'm a true fiscal conservative.

Sound financial management at the state level is critical to taxpayer success.

This office doesn't need to be expanded. The only employee is the Treasurer, and I'm equipped to handle the job.
Providing financial literacy education to residents of Wisconsin.

Provide more opportunities for residents to become homeowners.

Allow residents with unclaimed property to donate it instead of getting it back if they wish.
Sound fiscal management and small government.
Home ownership is the biggest issue for me. Treasurer Godlewski has done a great job on this and I will continue her work with some additional options. Home ownership is something that should be attainable for anyone that wants it. I am piloting an ownership program in Fitchburg best described in one sentence as a rent-to-own program.
The Office of the Treasurer was created in Wisconsin's first State Constitution. This office is the only one which focuses solely on the Board of Commissioners of Public Lands and its trust fund.
Being an effective member of a board and having a proven work ethic.
Serving on the Board of Commissioners of Public Lands and managing the trust fund.
Ensuring we have safe investments for the many people counting on those investments for their retirement is critical as well as continuing to provide ways to increase home ownership in the state.
Because only one person staffs the office, the Treasurer, it's crucial to choose a person with a strong professional ethic who will be responsible and accountable for the entire 4-year term.
Yes, particularly since the only employee is the Treasurer. There is not staff. Understanding the mission of this office, how to interact with the legislature and executive branch, and being a skilled financial manager are all beneficial to best serve taxpayers as Treasurer.
Absolutely! I am currently the Mayor of Fitchburg and that experience is critical for a role like this. I am responsible for putting together our $25 million budget. I regularly meet with community and business leaders. I also have to sometimes tell people no, which is important.
The most important skills and expertise for this position include having board membership experience, since the Treasurer is one of 3 commissioners on the Board of Commissioners of Public Lands. It's also important to understand how financial investments work to best manage these assets for the future.
Experience as an elected leader that is the face of a community. There is a huge difference between a role like Mayor and a role like city council alder. I know, I have been both. The leadership, public speaking and need to work with people throughout the community are things that I do regularly and are essential for this position.



Campaign data

Campaign finance

General election

Democratic primary

Republican primary

Election context

Environmental, social, and corporate governance (ESG)

See also: Environmental, social, and corporate governance (ESG)
Environmental, social, and corporate governance
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Select a topic from the dropdown below to learn more.

In the context of public policy, environmental, social, and corporate governance (ESG) refers to the use of non-financial factors in the creation of policy and management of public funds. In considering ESG, public fund managers might require investing only in companies that support certain standards with respect to renewable energy, natural resources, pollution, carbon emissions, and biodiversity; social positions like diversity, equity and inclusion; and diversity in governing bodies.[8]

ESG investing stands in contrast to an investment approach based on the likely maximization of financial returns to the investor.[9]

Although ESG is an approach to investing, it has political overtones. Politicians, particularly from the Republican Party, argue that large ESG-oriented financial firms are abusing their power in order to advance a liberal political agenda in the areas of climate change, social justice, and diversity.[10] Opponents have also characterized ESG investing as "...investment designed not to maximize financial returns but to impose a leftist social and economic agenda that cannot otherwise be implemented through the ballot box."[11] Opponents also argue that focusing on ESG factors has led to "lackluster financial results" that have had a harmful impact on the rate of return to beneficiaries of state public pension plans.[12] Click here to read more about opposition to ESG.

Supporters of ESG investing argue that in the long run, ESG investing will lead to acceptable financial returns.[13] ESG advocates say that ESG and profit are not mutually exclusive.[13] Supporters of ESG also argue that corporations should adopt ESG philosophies and approaches to achieve what they view as positive outcomes.[14] Click here to read more about support for ESG.

ESG issues in this election

See also: Statements about ESG investing by State Financial Officer candidates on the November 8, 2022 ballot

John Leiber (R) defeated Aaron Richardson (D) and Andrew Zuelke (Constitution Party), who ran for Wisconsin treasurer, made the following statements on ESG-related issues in this election. Below are samples of quotes from candidates in this election on issues relevant to ESG and state government. If you are aware of a statement that should be included, please email us.





Election history

2018

See also: Wisconsin Treasurer election, 2018

General election

General election for Wisconsin Treasurer

Sarah Godlewski defeated Travis Hartwig and Andrew Zuelke in the general election for Wisconsin Treasurer on November 6, 2018.

Candidate
%
Votes
Image of Sarah Godlewski
Sarah Godlewski (D)
 
50.9
 
1,324,110
Image of Travis Hartwig
Travis Hartwig (R)
 
46.8
 
1,216,811
Image of Andrew Zuelke
Andrew Zuelke (Constitution Party)
 
2.3
 
59,570
 Other/Write-in votes
 
0.1
 
1,471

Total votes: 2,601,962
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Democratic primary election

Democratic primary for Wisconsin Treasurer

Sarah Godlewski defeated Dawn Marie Sass and Cynthia Kaump in the Democratic primary for Wisconsin Treasurer on August 14, 2018.

Candidate
%
Votes
Image of Sarah Godlewski
Sarah Godlewski
 
43.5
 
201,031
Dawn Marie Sass
 
32.1
 
148,362
Image of Cynthia Kaump
Cynthia Kaump
 
24.3
 
112,255

Total votes: 461,648
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Withdrawn or disqualified candidates

Republican primary election

Republican primary for Wisconsin Treasurer

Travis Hartwig defeated Jill Millies in the Republican primary for Wisconsin Treasurer on August 14, 2018.

Candidate
%
Votes
Image of Travis Hartwig
Travis Hartwig
 
72.3
 
261,139
Image of Jill Millies
Jill Millies
 
27.7
 
100,153

Total votes: 361,292
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.

Withdrawn or disqualified candidates

Constitution primary election

Constitution primary for Wisconsin Treasurer

Andrew Zuelke advanced from the Constitution primary for Wisconsin Treasurer on August 14, 2018.

Candidate
%
Votes
Image of Andrew Zuelke
Andrew Zuelke
 
100.0
 
350

Total votes: 350
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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2014

See also: Wisconsin down ballot state executive elections, 2014

Republican Matt Adamczyk won election on November 4, 2014.

Wisconsin Treasurer, 2014
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngMatt Adamczyk 48.8% 1,120,140
     Democratic David Sartori 44.7% 1,026,548
     Green Ron Hardy 2.9% 66,120
     Libertarian Jerry Shidell 2.3% 53,113
     Constitution Andrew Zuelke 1.2% 28,053
     Nonpartisan Scattering 0.1% 1,244
Total Votes 2,295,218
Election results via Wisconsin Government Accountability Board


See also

Wisconsin State Executive Elections News and Analysis
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External links

Footnotes

  1. Information submitted to Ballotpedia through the Candidate Connection survey on October 31, 2021.
  2. Aaron Richardson, "Platform," accessed November 14, 2022
  3. Jon Leiber, "About," accessed November 14, 2022
  4. 4.0 4.1 Milwaukee Journal Sentinel, "What to know about John Leiber, the Republican candidate for Wisconsin state treasurer," September 20, 2022
  5. Jon Leiber, "Home," accessed November 14, 2022
  6. Wisconsin Legislative Reference Bureau, "2015 Enrolled Joint Resolution 7: Constitutional Amendment Approved on First Consideration to Eliminate the Office of the State Treasurer," June 2016
  7. Wisconsin Public Radio, "Wisconsin treasurer race focuses on whether to expand the office," October 12, 2022
  8. Baker Tilly, "ESG matters: an ESG primer for state and local government leaders," February 3, 2022
  9. Wall Street Journal, "ESG and the ‘Long-Run Interests’ Dodge", September 29, 2022
  10. NPR, "How ESG investing got tangled up in America's culture wars", September 12, 2022
  11. Washington Examiner, "‘ESG investing’ is a leftist power grab by another name", July 11, 2022
  12. Wall Street Journal, "An ESG Champion Stumbles: The California Public Employees’ Retirement System posts a decade of lackluster returns.", September 22, 2022
  13. 13.0 13.1 CNBC, "Lauren Taylor Wolfe says it’s just too risky for investors to ignore ESG amid recent pushback", September 23, 2022
  14. CNBC, "There’s an ESG backlash inside the executive ranks at top corporations", September 29, 2022
  15. Aaron Richardson, "Platform," accessed November 14, 2022
  16. Milwaukee Journal Sentinel, "What to know about Aaron Richardson, the Democratic candidate for Wisconsin state treasurer," September 20, 2022
  17. PBS Wisconsin, "John Leiber, Aaron Richardson on their 2022 run for state treasurer of Wisconsin," September 13, 2022
  18. Milwaukee Journal Sentinel, "Democrat Aaron Richardson and Republican John Leiber will face off in the race for Wisconsin state treasurer," August 10, 2022
  19. Wisconsin Public Radio, "State treasurer candidates talk priorities, visions for the office," October 14, 2022