Illinois Treasurer

	Illinois Treasurer
	; ; ;
	General information
Office Type:	Partisan
Office website:	Official Link
Compensation:	$141,600
2024 FY Budget:	$3,590,532,100
Term limits:	None
	Structure
Length of term:	4 years
Authority:	Illinois Constitution, Article V, Section 1
Selection Method:	Elected
	Current Officeholder
	Illinois Treasurer Mike Frerichs; Democratic Party; Assumed office: 2015-01-12
	Elections
Next election:	November 3, 2026
Last election:	November 8, 2022
	Other Illinois Executive Offices
	Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Comptroller • Superintendent of Education • Agriculture Director • Insurance Director • Natural Resources Director • Labor Director • Illinois Commerce Commission

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

The treasurer is responsible for maintaining the state funds and acting as the state's bank.^[1]

Current officeholder

The current officeholder is Mike Frerichs, a Democrat first elected in 2014. Frerichs previously served in the Illinois State Senate, representing District 52 from 2007 to 2015. He was sworn in as state treasurer on January 12, 2015, succeeding Republican Dan Rutherford in the office.^[2]

Authority

The treasurer's office is authorized by Article V, Section 1 of the Illinois Constitution.

Article V, Section 1

Officers: The Executive Branch shall include a Governor, Lieutenant Governor, Attorney General, Secretary of State, Comptroller and Treasurer elected by the electors of the State. They shall keep the public records and maintain a residence at the seat of government during their terms of office.

Qualifications

Here is a list of the standard qualifications necessary under Illinois State Law in order to be considered for the Office of Treasurer:

To be eligible to hold the office of governor, lieutenant governor, attorney general, secretary of state, comptroller or treasurer, a person must be:

a United States citizen, at least twenty-five (25) years old
a resident of this State for the three years preceding his election (Illinois Constitution, Article V § 3)

Elections

Illinois state government organizational chart

According to Article V, Section 2 of the state Constitution, state treasurers shall hold office for four years beginning on the second Monday of January after their election and until their successors are qualified. The state treasurer be elected at the general election in 1978 and every four years thereafter.

2022

See also: Illinois Treasurer election, 2022

General election

General election for Illinois Treasurer

Incumbent Mike Frerichs defeated Tom Demmer, Preston Nelson, and Patrice McDermand in the general election for Illinois Treasurer on November 8, 2022.

	Candidate	%	Votes
✔	Mike Frerichs (D)	54.3	2,206,434
	Tom Demmer (R)	43.5	1,767,242
	Preston Nelson (L)	2.2	90,647
	Patrice McDermand (R) (Write-in)	0.0	38

	Incumbents are bolded and underlined. The results have been certified. Source	Total votes: 4,064,361
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Democratic primary election

Democratic primary for Illinois Treasurer

Incumbent Mike Frerichs advanced from the Democratic primary for Illinois Treasurer on June 28, 2022.

		Candidate	%	Votes
✔		Mike Frerichs	100.0	811,732

	Incumbents are bolded and underlined. The results have been certified. Source	Total votes: 811,732
= candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

Republican primary for Illinois Treasurer

Tom Demmer advanced from the Republican primary for Illinois Treasurer on June 28, 2022.

		Candidate	%	Votes
✔		Tom Demmer	100.0	670,758

	There were no incumbents in this race. The results have been certified. Source	Total votes: 670,758
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Withdrawn or disqualified candidates

Patrice McDermand (R)