Alabama Treasurer
| Alabama Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| Compensation: | $92,906 |
| 2025 FY Budget: | $5,586,846 |
| Term limits: | 2 terms |
| Structure | |
| Length of term: | 4 years |
| Authority: | Constitution of Alabama, Article V, Section 112 |
| Selection Method: | Elected |
| Current Officeholder(s) | |
Alabama Treasurer
Young Boozer | |
| Elections | |
| Next election: | November 3, 2026 |
| Last election: | November 8, 2022 |
| Other Alabama 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 Treasurer of the State of Alabama is the chief financial officer of the government of Alabama.
The treasurer acts as the state's bank; he receives funds in the form of tax revenues, fees and other payments, and manages the state's investment funds. He also oversees the state's relationship with the network of private banks it does business with, operates the state's unclaimed property fund, and issues state bonds.
Current officeholder
The current Alabama Treasurer is Young Boozer (R). Boozer assumed office in 2021.
Authority
The state treasurer's authority derives from Article V, Section 112 of the Alabama Constitution.
Constitution of Alabama, Article V, Section 112
| The executive department shall consist of a governor, lieutenant governor, attorney-general, state auditor, secretary of state, state treasurer, superintendent of education, commissioner of agriculture and industries, and a sheriff for each county. |
Qualifications
Qualifications for the office of state treasurer are described in Article V, Section 132 of the state Constitution. Candidates for the office must have been a citizen of the United States for seven years, a resident of Alabama for five years, and at least 25 years of age.
Constitution of Alabama, Article V, Section 132
| No person shall be eligible to the office of attorney-general, state auditor, secretary of state, state treasurer, superintendent of education, or commissioner of agriculture and industries unless he shall have been a citizen of the United States at least seven years, and shall have resided in this state at least five years next preceding his election, and shall be at least twenty-five years old when elected. |
Elections
Per Section 114 of the state Constitution, Alabama elects its treasurers during federal midterm election years (e.g. 2018, 2022, 2026 and 2030). Section 116 sets the treasurer's inauguration for the first Monday after the second Tuesday in the January following an election.
Constitution of Alabama, Article V, Section 114
| The governor, lieutenant governor, attorney-general, state auditor, secretary of state, state treasurer, superintendent of education, and commissioner of agriculture and industries shall be elected by the qualified electors of the state at the same time and places appointed for the election of members of the legislature in the year nineteen hundred and two, and in every fourth year thereafter. |
Constitution of Alabama, Article V, Section 116
| The governor, lieutenant governor, attorney-general, state auditor, secretary of state, state treasurer, superintendent of education, commissioner of agriculture and industries, elected after the ratification of this Constitution, shall hold their respective offices for the term of four years from the first Monday after the second Tuesday in January next succeeding their election, and until their successors shall be elected and qualified. |
Term limits
Per Amendment 282 to Article V, Section 116 of the Alabama Constitution, treasurers are limited to two terms in office.[1]
2022
- See also: Alabama Treasurer election, 2022
General election
General election for Alabama Treasurer
Incumbent Young Boozer defeated Scott Hammond in the general election for Alabama Treasurer on November 8, 2022.
Candidate | % | Votes | ||
| ✔ |  | Young Boozer (R) | 83.7 | 946,936 |
 | Scott Hammond (L) | 15.5 | 175,034 | |
| Other/Write-in votes | 0.8 | 8,855 | ||
| Total votes: 1,130,825 | |||
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Republican primary election
The Republican primary election was canceled. Incumbent Young Boozer advanced from the Republican primary for Alabama Treasurer.
Past elections
Vacancies
Article V, Section 136 of the Alabama Constitution requires the governor to appoint a replacement if the office of state treasurer becomes vacant or if the incumbent "shall become of unsound mind." The replacement serves until the next scheduled election.[2]
Constitution of Alabama, Article V, Section 136
| Should the office of attorney-general, state auditor, secretary of state, state treasurer, superintendent of education, or commissioner of agriculture and industries become vacant from any cause, the governor shall fill such vacancy until the disability is removed or a successor elected and qualified. In case any of said officers shall become of unsound mind, such unsoundness shall be ascertained by the supreme court upon the suggestion of the governor. |
Duties
The office of state treasurer "is responsible for multiple state financial interests, including unclaimed property, cash management, bonds, the Alabama Trust Fund, and more."[3] Some of the office's specific duties include:
- Restoring unclaimed property to its owners.
- Supervising and maintaining records of the issue of state bonds.
- Collecting, investing and disbursing state funds, including from the state's trust fund. Managing cash flow for state agencies.
- Promoting financial literacy among Alabamans.
Divisions
As of January 5, 2021, divisions within the Treasury Department included:[4]
- Administration
- Unclaimed Property
- College Savings Plans and Enable
- Cash Management
- Bonds
- SAFE (Security for Alabama Funds Enhancement) Program
- Fiscal Operations Division
State budget
- See also: Alabama state budget and finances
The budget for the State Treasurer's Office in Fiscal Year 2025 was $5,586,846.[5]
Compensation
- See also: Compensation of state executive officers
The salary of the treasurer is established by the Alabama State Legislature, as required by constitutional provision.[6] Alabama Constitution, Article V, Section 118 of the state Constitution requires that changes in compensation take effect in the term after they were passed.
Alabama Constitution, Article V, Section 118
| The governor, lieutenant governor, attorney-general, state auditor, secretary of state, state treasurer, superintendent of education, and commissioner of agriculture and industries, shall receive compensation to be fixed by law, which shall not be increased or diminished during the term for which they shall have been elected, and shall, except the lieutenant governor, reside at the state capital during the time they continue in office, except during epidemics. |
2023
In 2023, the officer's salary was $92,906, according to the Council of State Governments.[7]
2022
In 2022, the officer's salary was $88,915, according to the Council of State Governments.[8]
2021
In 2021, the treasurer received a salary of $89,665, according to the Council of State Governments.[9]
2020
In 2020, the treasurer received a salary of $89,031 according to the Council of State Governments.[10]
2019
In 2019, the treasurer received a salary of $85,248 according to the Council of State Governments.[11]
2018
In 2018, the treasurer received a salary of $85,248 according to the Council of State Governments.[12]
2017
In 2017, the treasurer received a salary of $85,248 according to the Council of State Governments.[13]
2016
In 2016, the treasurer received a salary of $85,248, according to the Council of State Governments.[14]
2015
In 2015, the treasurer received a salary of $85,248, according to the Council of State Governments.[15]
2014
In 2014, the treasurer's salary remained at $85,248, according to the Council of State Governments.[16]
2012
In 2012, the treasurer was paid an estimated $85,248, according to the Council of State Governments.
Historical officeholders
There have been 41 Alabama Treasurers since 1819.[17]
| List of Former Officeholders from 1819-Present | |||||
|---|---|---|---|---|---|
| # | Name | Tenure | Party | ||
| 1 | Jack Ross | 1819-1822 | NA | ||
| 2 | John Perry | 1822-1829 | NA | ||
| 3 | Hardin Perkins | 1829-1834 | NA | ||
| 4 | William Hawn | 1834-1840 | NA | ||
| 5 | Samuel Frierson | 1840-1846 | NA | ||
| 6 | William Graham | 1846-1860 | NA | ||
| 7 | Duncan Graham | 1860-1865 |  Democratic
| ||
| 8 | Lyd Saxon | 1865-1868 | Democratic
| ||
| 9 | Arthur Bingham | 1868-1870 | Whig/ Republican
| ||
| 10 | James Grant | 1870-1872 | NA | ||
| 11 | Arthur Bingham | 1972-1874 | Whig/ Republican
| ||
| 12 | Daniel Crawford | 1874-1878 | NA | ||
| 13 | Isaac Vincent | 1878-1883 | Democratic
| ||
| 14 | Frederick Smith | 1883-1888 | NA | ||
| 15 | John Cobbs | 1888-1892 | Democratic
| ||
| 16 | J. Craig Smith | 1892-1896 | Democratic
| ||
| 17 | George Ellis | 1896-1900 | Democratic
| ||
| 18 | J. Craig Smith | 1900-1907 | Democratic
| ||
| 19 | Walter D. Seed, Sr. | 1907-1911 | Democratic
| ||
| 20 | John Purifoy | 1911-1915 | Democratic
| ||
| 21 | William Lancaster | 1915-1919 | Democratic
| ||
| 22 | Robert Bradley | 1919-1923 | Democratic
| ||
| 23 | George Ellis | 1923-1927 | Democratic
| ||
| 24 | William Allgood | 1927-1931 | Democratic
| ||
| 25 | Sidney Blan | 1931-1935 | Democratic
| ||
| 26 | Charles McCall | 1939-1941 | Democratic
| ||
| 27 | Walter Lusk | 1941-1947 | Democratic
| ||
| 28 | John M. Brandon | 1947-1951 | Democratic
| ||
| 29 | Sibyl Pool | 1951-1955 | Democratic
| ||
| 30 | John M. Brandon | 1955-1959 | Democratic
| ||
| 31 | Agnes Baggett | 1959-1963 | Democratic
| ||
| 32 | Mary Texas Hurt Garner | 1963-1967 | Democratic
| ||
| 33 | Agnes Baggett | 1967-1975 | Democratic
| ||
| 34 | Melba Till Allen | 1975-1978 | Democratic
| ||
| 35 | Annie Laurie Gunter | 1978-1987 | Democratic
| ||
| 36 | George Wallace, Jr. | 1987-1995 | Democratic
| ||
| 37 | Lucy Baxley | 1995-2003 | Democratic
| ||
| 38 | Kay Ivey | 2003-2011 | Republican
| ||
| 39 | Young Boozer | 2011-2019 | Republican
| ||
| 40 | John McMillan | 2019-2021 | Republican
| ||
| 41 | Young Boozer | 2021-Present | Republican
| ||
Recent news
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Contact information
State Capitol
600 Dexter Avenue, Room S-106
Montgomery, Alabama 36104
Phone: (334) 242-7500
See also
| Alabama | State Executive Elections | News and Analysis |
|---|---|---|
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External links
Footnotes
- ↑ Constitution of Alabama, "Amendment 282 to Section 116," accessed January 5, 2021
- ↑ Constitution of Alabama, "Article V, Section 136," accessed May 20, 2011
- ↑ Alabama State Treasury, "About Treasury," accessed January 5, 2021
- ↑ Alabama Treasury, "Contact Us," accessed January 5, 2021
- ↑ Alabama Department of Finance, "Act 2024-355," accessed January 15, 2025
- ↑ Code of Alabama, "Section 36-6-8," accessed January 5, 2021
- ↑ Council of State Governments, "Book of the States 2023 Table 4.11: Selected State Administrative Officials: Annual Salaries," accessed January 15, 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, "The Book of the States 2020," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2019," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2018," accessed January 5, 2021
- ↑ Council of State Governments, "The Book of the States 2017," accessed January 5, 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 November 14, 2014
- ↑ Alabama Department of Archives and History, "Alabama State Treasurers," accessed July 24, 2013
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