Missouri Treasurer

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Missouri Treasurer

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General information
Office Type:  Partisan
Office website:  Official Link
Compensation:  $110,440
2023 FY Budget:  $94,856,136
Term limits:  Two terms
Structure
Length of term:   4 years
Authority:  Missouri Constitution, Article IV, Section 12 the Executive Department
Selection Method:  Elected
Current Officeholder

Missouri Treasurer Vivek Malek
Republican Party
Assumed office: January 17, 2023

Elections
Next election:  November 7, 2028
Last election:  November 5, 2024
Other Missouri Executive Offices
Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Education • Agriculture Director • Insurance Director • Natural Resources Director • Labor Director • Public Service Commission

The Treasurer of the State of Missouri is the chief financial officer of the government of Missouri.

The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department is divided into separate divisions, unclaimed property, savings programs and investments. The treasurer's office manages taxpayer funds, safeguards unclaimed property, and oversees economic development programs. The treasurer is elected every four years.[1]

Current officeholder

The current Missouri Treasurer is Vivek Malek (R). Malek assumed office in 2023.

Authority

The state Constitution addresses the office of state treasurer in Article IV, the Executive Department.

Under Article IV, Section 15:

The state treasurer shall be custodian of all state funds and funds received from the United States government...

Qualifications

Article IV, Section 17 of the Missouri Constitution describes the qualifications for elected officers:

The governor, lieutenant governor, secretary of state, state treasurer and attorney general shall be elected at the presidential elections for terms of four years each. The state auditor shall be elected for a term of two years at the general election in the year 1948, and his successors shall be elected for terms of four years. No person shall be elected governor or treasurer more than twice, and no person who has held the office of governor or treasurer, or acted as governor or treasurer, for more than two years of a term to which some other person was elected to the office of governor or treasurer shall be elected to the office of governor or treasurer more than once. The heads of all the executive departments shall be appointed by the governor, by and with the advice and consent of the senate. All appointive officers may be removed by the governor and shall possess the qualifications required by this constitution or by law.[2]


Elections

Missouri state government organizational chart

Missouri elects treasurers in presidential election years.

2024

See also: Missouri Treasurer election, 2024

General election candidates

Candidate Connection = candidate completed Ballotpedia's Candidate Connection survey
Democratic Party Democratic primary candidates


Did not make the ballot:

Candidate Connection = candidate completed Ballotpedia's Candidate Connection survey
Republican Party Republican primary candidates

Candidate Connection = candidate completed Ballotpedia's Candidate Connection survey
Minor Party primary candidates

    Libertarian Party


    2020

    See also: Missouri Treasurer election, 2020

    General election candidates

    Democratic Party Democratic primary candidates

    Republican Party Republican primary candidates

    Minor Party primary candidates

      Green Party

      Libertarian Party

      2016

      See also: Missouri Treasurer election, 2016

      The general election for treasurer was held on November 8, 2016.

      Eric Schmitt defeated Judy Baker, Sean O'Toole, and Carol Hexem in the Missouri treasurer election.

      Missouri Treasurer, 2016
      Party Candidate Vote % Votes
           Republican Green check mark transparent.png Eric Schmitt 59.01% 1,335,939
           Democratic Judy Baker 36.90% 835,527
           Libertarian Sean O'Toole 2.83% 64,089
           Green Carol Hexem 1.26% 28,523
      Total Votes 2,264,078
      Source: Missouri Secretary of State

      2012

      See also: Missouri down ballot state executive elections, 2012

      Incumbent state treasurer Clint Zweifel (D) defeated Cole McNary (R) and Sean O'Toole (L) in the general election on November 6, 2012.[3]

      • 2012 General Election for Missouri Treasurer
      Missouri Treasurer General Election, 2012
      Party Candidate Vote % Votes
           Democratic Green check mark transparent.pngClint Zweifel Incumbent 50.4% 1,332,876
           Republican Cole McNary 45.4% 1,200,368
           Libertarian Sean O'Toole 4.1% 109,188
      Total Votes 2,642,432
      Election results via Missouri Secretary of State


      Term limits

      The treasurer is limited to two terms, which can be consecutive or discontinuous.

      Vacancies

      Article IV, Section 4 of the Missouri Constitution gives the governor authority to fill vacancies in the office:

      The governor shall fill all vacancies in public offices unless otherwise provided by law, and his appointees shall serve until their successors are duly elected or appointed and qualified.[4]

      Duties

      Article IV, Section 15 of the state Constitution outlines the following duties of the treasurer:

      • Custodian of all state and federal funds
      • "Deposit all moneys in the state treasury in banking institutions selected by him and approved by the governor and state auditor, and he shall hold them for the benefit of the respective funds to which they belong and disburse them as provided by law."
      • Determine by the exercise of his best judgment the amount of moneys in his custody that are not needed for current expenses and shall place all such moneys on time deposit, bearing interest, in banking institutions in this state"
      • Enter into repurchase agreements
      • Invest in banker's acceptances[5]

      Divisions

      As of January 26, 2021, the treasurer's office is divided into the following divisions:

      • Unclaimed Property
      • Programs and Services
      • Investments[6]

      State budget

      See also: Missouri state budget and finances

      The Missouri State Treasurer's budget for Fiscal Year 2023 was $94,856,136.[7]

      Compensation

      Article IV, Section 21 of the state Constitution addresses compensation of executive officials:

      Under Article IV, Section 21:

      The officers named in this article shall receive for their services salaries fixed by law, which shall not be increased or diminished during their terms.

      2022

      In 2022, the officer's salary was $110,440, according to the Council of State Governments.[8]

      2021

      In 2021, the treasurer received a salary of $107,746, according to the Council of State Governments.[9]

      2020

      In 2020, the treasurer received a salary of $107,746, according to the Council of State Governments.[10]

      2019

      In 2019, the treasurer received a salary of $107,746, according to the Council of State Governments.[11]

      2018

      In 2018, the treasurer received a salary of $107,746, according to the Council of State Governments.[12]

      2017

      In 2017, the treasurer received a salary of $107,746, according to the Council of State Governments.[13]

      2016

      In 2016, the treasurer received a salary of $107,746, according to the Council of State Governments.[14]

      2015

      In 2015, the treasurer received a salary of $107,746, according to the Council of State Governments.[15]

      2014

      In 2014, the treasurer was paid an estimated $107,746, according to the Council of State Governments.[16]

      2013

      In 2013, the treasurer was paid an estimated $107,746, according to the Council of State Governments.[17]

      2010

      In 2010, the treasurer was paid an estimated $107,746, according to the Council of State Governments.[18]

      Historical officeholders

      Since 1820, Missouri has had 47 state treasurers. Of those 47, 36 have been Democrats and 11 have been Republicans.[19]

      Recent news

      The link below is to the most recent stories in a Google news search for the terms Missouri State Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

      Missouri Treasurer - Google News

      Contact information

      Missouri State Treasurer's Office
      P.O. Box 210
      Jefferson City, MO 65102

      Phone: (573) 751-8533
      Fax: (573) 751-0343

      See also

      Missouri State Executive Elections News and Analysis
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      Partisan composition of governors

      External links

      Footnotes

      1. ↑ Missouri Treasurer, "About the office," accessed January 26, 2021
      2. ↑ Missouri Revisor of Statutes, "Article IV," accessed January 26, 2021
      3. ↑ Missouri Secretary of State, "November 6, 2012 General Election Results," accessed November 7, 2012
      4. ↑ Missouri Revisor of Statutes, "Missouri Constitution Article IV Section 4," accessed January 25, 2021
      5. ↑ Missouri Revisor of Statutes, "Article IV," accessed January 26, 2021
      6. ↑ Missouri Treasurer, "About the office," accessed January 26, 2021
      7. ↑ Missouri Office of Administration, "FY 2024 Budget," accessed December 8, 2023
      8. ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
      9. ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
      10. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 26, 2021
      11. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 26, 2021
      12. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 26, 2021
      13. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 26, 2021
      14. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
      15. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
      16. ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 3, 2014
      17. ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 30, 2014
      18. ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed June 21, 2011
      19. ↑ Missouri Secretary of State, "Missouri History – State Treasurers," accessed January 26, 2021
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