Maryland Treasurer
| Maryland Treasurer | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $149,500 |
| 2024 FY Budget: | $9,281,703 |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | Maryland Constitution, Article 6, Section 1 |
| Selection Method: | Appointed by the State Legislature |
| Current Officeholder | |
| Vacant | |
| Other Maryland Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Comptroller • Treasurer • Superintendent of Education • Agriculture Secretary • Insurance Commissioner • Natural Resources Commissioner • Secretary of Labor • Public Service Commission | |
The Maryland Treasurer is a state executive position in the Maryland state government. Elected to a four-year term by the General Assembly, the treasurer manages the money of the state.[1]
Current officeholder
The current Maryland Treasurer is Dereck Davis (nonpartisan). Davis assumed office in 2021.
Authority
The office of the treasurer is established by Article 6, Section 1 of the Maryland Constitution.[2]
Article 6, Section 1:
| There shall be a Treasury Department, consisting of a Comptroller chosen by the qualified electors of the State, who shall receive such salary as may be fixed by law; and a Treasurer, to be appointed... |
Qualifications
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that establishes the requirements necessary to qualify for a state executive office. That information for the Maryland Treasurer has not yet been added. After extensive research, we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Appointments
Maryland treasurers are appointed by the two houses of the state legislature at the beginning of each regular session in which begins the term of a governor. Thus, 2007, 2011, and 2015 are treasurer appointment years. The treasurer qualifies within one month of his or her appointment.[2]
Vacancies
Vacancies in the office of treasurer are addressed in Article 6, Section 1 of the Maryland Constitution.[2]
Article 6, Section 1:
| In case of a vacancy in the office of the Treasurer by death or otherwise, the Deputy Treasurer shall act as Treasurer until the next regular or extraordinary session of the Legislature following the creation of the vacancy, whereupon the Legislature shall choose a successor to serve for the duration of the unexpired term of office. |
Duties
The treasurer is the principal custodian of the state's cash deposits, monies from bond sales, and other securities and collateral and directs the investments of those assets.
The treasurer's duties include maintaining an ongoing relationship with the rating agencies, conducting outreach with state agencies, keeping legislators informed of the operations of the State Treasurer's Office, and serving on numerous boards and commissions including the Board of Public Works, the state's highest administrative council.[3]
Divisions
- Updated January 21, 2021
The Treasurer's Office includes an Executive Office and five divisions:[4]
- Executive Office
- Budget & Administration Division
- Debt Management Division
- Information Technology Division
- Insurance Division
- Treasury Management Division
State budget
- See also: Maryland state budget and finances
The Office of the State Treasurer's budget for fiscal year 2024 was $9,281,703.[5]
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $149,500, according to the Council of State Governments.[6]
2021
In 2021, the treasurer received a salary of $149,500, according to the Council of State Governments.[7]
2020
In 2020, the treasurer received a salary of $141,500, according to the Council of State Governments.[8]
2019
In 2019, the treasurer received a salary of $141,500, according to the Council of State Governments.[9]
2018
In 2018, the treasurer received a salary of $141,500, according to the Council of State Governments.[10]
2017
In 2017, the treasurer received a salary of $141,500, according to the Council of State Governments.[11]
2016
In 2016, the treasurer received a salary of $141,500, according to the Council of State Governments.[12]
2015
In 2015, the treasurer received a salary of $125,000, according to the Council of State Governments.[13]
2014
In 2014, the treasurer was paid an estimated $125,000, according to the Council of State Governments.[14]
2013
In 2013, the treasurer was paid an estimated $125,000, according to the Council of State Governments.[15]
2012
In 2012, the treasurer was paid an estimated $125,000, according to the Council of State Governments.[16]
2010
In 2010, the treasurer was paid an estimated $125,000, according to the Council of State Governments.[17]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Maryland 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.
Recent news
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Contact information
Maryland State Treasurer's Office
Office of the State Treasurer
Treasury Bldg, Room 109
80 Calvert St.
Annapolis, MD 21401-1991
Phone: (410) 260-7533
Phone (toll free): 1-800-974-0468
Fax: (410) 974-3530
Email: treasurer@treasurer.state.md.us
See also
External links
Footnotes
- ↑ Maryland State Treasurer, "Executive Offices," accessed January 21, 2021
- ↑ 2.0 2.1 2.2 Maryland Manual On-Line, "Constitution of Maryland," accessed January 21, 2021
- ↑ Maryland State Treasurer, "About the Office," accessed January 21, 2021
- ↑ Maryland Manual On-Line, "State Treasurer," accessed January 21, 2021
- ↑ Maryland General Assembly, "House Bil 200," 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 21, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 21, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 21, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 21, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed January 21, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed January 21, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed January 21, 2021
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 21, 2021
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 21, 2021
- ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed January 21, 2021
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