Arizona Treasurer

	Arizona Treasurer
	; ; ;
	General information
Office Type:	Partisan
Office website:	Official Link
Compensation:	$70,000
2024 FY Budget:	$109,152,500
Term limits:	Two consecutive terms
	Structure
Length of term:	4 years
Authority:	Arizona Constitution, Article 5, Section 1 (Version 2)
Selection Method:	Election
	Current Officeholder
	Arizona Treasurer Kimberly Yee; Republican Party; Assumed office: 2019-01-07
	Elections
Next election:	November 3, 2026
Last election:	November 8, 2022
	Other Arizona Executive Offices
	Governor • Secretary of State • Attorney General • Treasurer • Superintendent of Public Instruction• Auditor• Agriculture Director • Insurance and Financial Institutions Director• Lands Commissioner• Labor Director• Corporation Commission• State Mine Inspector

The Treasurer of the State of Arizona is the chief banker and investment officer of the state of Arizona. The treasurer manages the state's investment portfolio and directs the state's banking services. He or she also maintains a separate accounting record for the state to provide a check and balance on the state accounting system. The treasurer's office contracts with Arizona banks to "process the state's receipts and disbursements; handle money and security transfers; report on the state's accounts, balances and payment activities; and provide related banking services."^[1]

Current officeholder

The current treasurer is Kimberly Yee, a Republican first elected on November 6, 2018. She assumed office on January 7, 2019.^[2]

Authority

The office of treasurer is established by the Arizona Constitution as part of the state's executive department.

Arizona Constitution, Article 5, Section 1 (Version 2)

The executive department shall consist of the governor, secretary of state, state treasurer, attorney general, and superintendent of public instruction...

Qualifications

The Arizona Constitution requires all of the officers in the state's executive department, including the treasurer, to be at least 25 years old, a U.S. citizen for 10 years, and an Arizona resident for five years.

Arizona Constitution, Article 5, Section 2

No person shall be eligible to any of the offices mentioned in section 1 of this article except a person of the age of not less than twenty-five years, who shall have been for ten years next preceding his election a citizen of the United States, and for five years next preceding his election a citizen of Arizona.

Elections

Arizona state government organizational chart

Arizonans elect their treasurer in midterm election years (2006, 2010, 2014, etc.) for a term of four years. If no candidate receives a majority (over 50 percent) of the votes, a runoff election is held between the two candidates that received the largest amount. If the two candidates in the runoff receive an equal number of votes, the state legislature chooses a winner. The winner assumes office on the first Monday of January after his or her election.

Arizona Constitution, Article 5, Section 1 (Version 2)

A. The executive department shall consist of the governor, secretary of state, state treasurer, attorney general, and superintendent of public instruction, each of whom shall hold office for a term of four years beginning on the first Monday of January, 1971 next after the regular general election in 1970.

B. B. The person having a majority of the votes cast for the office voted for shall be elected. If no person receives a majority of the votes cast for the office, a second election shall be held as prescribed by law between the persons receiving the highest and second highest number of votes cast for the office. The person receiving the highest number of votes at the second election for the office is elected, but if the two persons have an equal number of votes for the office, the two houses of the legislature at its next regular session shall elect forthwith, by joint ballot, one of such persons for said office.

2022

See also: Arizona Treasurer election, 2022

General election

General election for Arizona Treasurer

Incumbent Kimberly Yee defeated Martin Quezada in the general election for Arizona Treasurer on November 8, 2022.

	Candidate	%	Votes
✔	Kimberly Yee (R)	55.7	1,390,135
	Martin Quezada (D)	44.3	1,107,037

	Incumbents are bolded and underlined. The results have been certified. Source	Total votes: 2,497,172
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Democratic primary election

Democratic primary for Arizona Treasurer

Martin Quezada advanced from the Democratic primary for Arizona Treasurer on August 2, 2022.

		Candidate	%	Votes
✔		Martin Quezada	100.0	554,186

	There were no incumbents in this race. The results have been certified. Source	Total votes: 554,186
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Republican primary election

Republican primary for Arizona Treasurer

Incumbent Kimberly Yee defeated Jeff Weninger and Robert Lettieri in the Republican primary for Arizona Treasurer on August 2, 2022.

	Candidate	%	Votes
✔	Kimberly Yee	56.4	423,456
	Jeff Weninger	27.1	203,751
	Robert Lettieri	16.5	123,574

	Incumbents are bolded and underlined. The results have been certified. Source	Total votes: 750,781
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Withdrawn or disqualified candidates

David Livingston (R)
Regina Cobb (R)