Louisiana State Treasurer
| Louisiana State Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| Compensation: | $115,000 |
| 2024 FY Budget: | $14,617,463 |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | Louisiana Constitution, Article IV, Section 9 |
| Selection Method: | Elected |
| Current Officeholder | |
Louisiana State Treasurer
John Fleming | |
| Elections | |
| Next election: | November 20, 2027 |
| Last election: | November 18, 2023 |
| Other Louisiana Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
The Treasurer of the State of Louisiana is the chief financial officer of the government of Louisiana.
The treasurer is responsible for maintaining the state funds and acting as the state's bank. The office is split into five divisions: unclaimed property, investments, administration, fiscal control, and LAMP. The job of the treasury office is to invest the state's money in a wise way, ensure returns, and give money to cities or schools as needed.[1]
The treasurer is elected every four years.[2]
Current officeholder
The current Louisiana State Treasurer is John Fleming (R). Fleming assumed office in 2024.
Authority
The treasurer's powers and duties are established by Article IV, Section 9 of the Louisiana Constitution.
Article IV, Section 9:
| There shall be a Department of the Treasury. The treasurer shall head the department and shall be responsible for the custody, investment, and disbursement of the public funds of the state, except as otherwise provided by this constitution. He shall report annually to the governor and to the legislature at least one month before each regular session on the financial condition of the state, and shall have other powers and perform other duties authorized by this constitution or provided by law.[2] |
Qualifications
Article IV, Section 2 of the Louisiana Constitution establishes the qualifications for statewide elective office:
|
To be eligible for any statewide elective office, a person, by the date of his qualification as a candidate, shall have attained the age of twenty-five years, be an elector, and have been a citizen of the United States and of this state for at least the preceding five years...During his tenure in office, a statewide elected official shall hold no other public office except by virtue of his elected office.[2] |
- at least 25 years of age
- be an elector
- citizen of the United States and Louisiana for five years
- hold no other public office
Elections
Louisiana elects treasurers to four-year terms during gubernatorial election years. For Louisiana, 2019, 2023, and 2027 are all treasurer election years. Terms begin at noon on the second Monday in January following the election.[2]
Results
2023
- See also: Louisiana Treasurer election, 2023
Louisiana elections use the majority-vote system. All candidates compete in the same primary, and a candidate can win the election outright by receiving more than 50 percent of the vote. If no candidate does, the top two vote recipients from the primary advance to the general election, regardless of their partisan affiliation.
General election
General election for Louisiana State Treasurer
John Fleming defeated Dustin Granger in the general election for Louisiana State Treasurer on November 18, 2023.
Candidate | % | Votes | ||
| ✔ | John Fleming (R) | 65.5 | 437,763 | |
| Dustin Granger (D) | 34.5 | 231,002 | ||
| Total votes: 668,765 | ||||
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Nonpartisan primary election
Nonpartisan primary for Louisiana State Treasurer
John Fleming and Dustin Granger defeated Scott McKnight in the primary for Louisiana State Treasurer on October 14, 2023.
Candidate | % | Votes | ||
| ✔ | John Fleming (R) | 44.0 | 442,668 | |
| ✔ | Dustin Granger (D) | 32.0 | 321,423 | |
| Scott McKnight (R) | 24.0 | 241,125 | ||
| Total votes: 1,005,216 | ||||
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2019
- See also: Louisiana Treasurer election, 2019
Louisiana elections use the majority-vote system. All candidates compete in the same primary, and a candidate can win the election outright by receiving more than 50 percent of the vote. If no candidate does, the top two vote recipients from the primary advance to the general election, regardless of their partisan affiliation.
Nonpartisan primary election
Nonpartisan primary for Louisiana State Treasurer
Incumbent John Schroder won election outright against Derrick Edwards and Teresa Kenny in the primary for Louisiana State Treasurer on October 12, 2019.
Candidate | % | Votes | ||
| ✔ | John Schroder (R) | 60.0 | 769,462 | |
| Derrick Edwards (D) | 34.5 | 442,740 | ||
| Teresa Kenny (Independent) | 5.5 | 69,908 | ||
| Total votes: 1,282,110 | ||||
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2017
- See also: Louisiana treasurer election, 2017
Louisiana held a primary election for treasurer on October 14, 2017, with a general election on November 18, 2017. This special election was called after the previous treasurer, John Neely Kennedy, was elected to the U.S. Senate.
John Schroder (R) defeated Derrick Edwards (D) in the election for Treasurer of Louisiana.
| Election for Treasurer of Louisiana, 2017 | ||||
|---|---|---|---|---|
| Party | Candidate | Vote % | Votes | |
| Republican |  John Schroder |
55.74% | 208,144 | |
| Democratic | Derrick Edwards | 44.26% | 165,271 | |
| Total Votes | 373,415 | |||
| Source: Secretary of State of Louisiana | ||||
The following candidates ran in the election for Treasurer of Louisiana.
| Election for Treasurer of Louisiana, 2017 | ||||
|---|---|---|---|---|
| Party | Candidate | Vote % | Votes | |
| Democratic | Derrick Edwards |
31.26% | 125,503 | |
| Republican | John Schroder |
24.02% | 96,440 | |
| Republican | Angele Davis | 21.64% | 86,880 | |
| Republican | Neil Riser | 18.13% | 72,792 | |
| Republican | Terry Hughes | 2.77% | 11,117 | |
| Libertarian | Joseph D. Little | 2.18% | 8,767 | |
| Total Votes | 401,499 | |||
| Source: Secretary of State of Louisiana | ||||
2015
- See also: Louisiana Treasurer election, 2015
There was a regularly scheduled election for treasurer in 2015. John Neely Kennedy (R) was eligible for re-election but was also a potential candidate for governor and attorney general. The primary election took place on October 24, 2015.
There were only two candidates on the ballot in the blanket primary election on October 24, 2015. Incumbent Treasurer John Neely Kennedy won a majority of votes, eliminating the need for a general election contest in November.[3]
| Treasurer of Louisiana, Blanket Primary, 2015 | ||||
|---|---|---|---|---|
| Party | Candidate | Vote % | Votes | |
| Republican | John Neely Kennedy |
80.1% | 787,128 | |
| Republican | Jennifer Treadway | 19.9% | 195,595 | |
| Total Votes | 982,723 | |||
| Election Results Louisiana Secretary of State. | ||||
Vacancies
If a vacancy of less than one year occurs in the office, the position is filled by the first assistant. If a vacancy of greater than one year occurs an election takes place at the next regularly scheduled election, or, in none are scheduled within a year of the vacancy, a special election is called by the governor.[2]
Duties
According to Article IV, Section 9 of the Louisiana Constitution, the treasurer is head of the Department of the Treasury and "shall be responsible for the custody, investment, and disbursement of the public funds of the state." [2]
Divisions
- Updated January 20, 2021
- Administration
- Fiscal Control
- Investments
- Unclaimed Property
- State Bond Commission[1]
State budget
- See also: Louisiana state budget and finances
The State Treasurer's budget for fiscal year 2024 was $14,617,463.[4]
Compensation
- See also: Compensation of state executive officers
Article IV, Section 4 of the Louisiana Constitution defines the method by which the treasurer's compensation is set:
|
Except as otherwise provided by this constitution, the compensation of each statewide elected official shall be provided by law. An increase in the salary of a statewide elected official shall not become effective until the commencement of the subsequent term for that office following the adoption or enactment of the increase.[2] |
2022
In 2022, the officer's salary was $115,000, according to the Council of State Governments.[5]
2021
In 2021, the treasurer received a salary of $115,000, according to the Council of State Governments.[6]
2020
In 2020, the treasurer received a salary of $110,740, according to the Council of State Governments.[7]
2019
In 2019, the treasurer received a salary of $115,000, according to the Council of State Governments.[8]
2018
In 2018, the treasurer received a salary of $115,000, according to the Council of State Governments.[9]
2017
In 2017, the treasurer received a salary of $115,000, according to the Council of State Governments.[10]
2016
In 2016, the treasurer received a salary of $115,000, according to the Council of State Governments.[11]
2015
In 2015, the treasurer received a salary of $115,000, according to the Council of State Governments.[12]
2014
In 2014, the treasurer was paid an estimated $115,000, according to the Council of State Governments.[13]
2013
In 2013, the treasurer was paid an estimated $115,000, according to the Council of State Governments.[14]
2010
In 2010, the treasurer was paid an estimated $115,000 according to LaTrac.[15]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Louisiana State Treasurer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Contact information
Louisiana State Treasurer's Office
900 North Third Street, 3rd Floor, State Capitol
Baton Rouge, Louisiana 70802
P.O. Box 44154
Baton Rouge, Louisiana 70804
Phone: 225-342-0010
See also
| Louisiana | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 Office of the Louisiana State Treasurer, "Divisions," accessed January 20, 2021
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 Louisiana State Senate, "Constitution of Louisiana," accessed January 20, 2021
- ↑ The Lens, "Election 2015," accessed October 25, 2015
- ↑ Louisiana House of Representatives, "FY 2024 State Budget Tracker," accessed December 8, 2023
- ↑ 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, "Selected State Administrative Officials: Annual Salaries, 2020," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed January 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed January 20, 2021
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials:Annual Salaries," accessed January 20, 2021
- ↑ LaTrac, "Department of Treasury Salaries," accessed January 20, 2021
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