Tennessee Treasurer
| Tennessee State Treasurer | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $222,252 |
| 2024 FY Budget: | $6,844,900 |
| Term limits: | None |
| Structure | |
| Length of term: | 2 years |
| Authority: | Tennessee Constitution, Article VII, Section 3 |
| Selection Method: | Elected by the General Assembly |
| Current Officeholder | |
| David Lillard, Jr. | |
| Other Tennessee Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Comptroller • Treasurer • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
The Treasurer of Tennessee is an executive position in the Tennessee state government, appointed by a joint vote of the general assembly. The treasurer manages all State investments, receives and disburses public funds and administers major employee benefit programs.[1]
Current officeholder
The current officeholder is David Lillard, Jr. He was first appointed to the position in January 2009.[2]
Authority
The office of treasurer is established in the Article VII, Section 3 of the state Constitution.
Article VII, Section 3:
| There shall be a treasurer or treasurers and a comptroller of the treasury appointed for the state, by the joint vote of both Houses of the General Assembly who shall hold their offices for two years.[3] |
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 Tennessee 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
Article VII, Section 3 of the state Constitution stipulates that the treasurer shall be appointed by the joint vote of both houses of the general assembly and shall hold office for two years.[3]
Vacancies
According to Article III, Section 14 of the state Constitution, in the event of a vacancy in the office, the Tennessee General Assembly shall elect a successor. If the vacancy occurs during a recess of the legislature, the governor shall have the power to fill the vacancy by appointment, which shall expire at the end of the next session of the legislature.[3]
Duties
Duties of the treasurer include:[4]
- receiving and disbursing public funds
- managing all State investments, including the pension fund
- administering three major employee benefit programs, including the Tennessee Consolidated Retirement System, the Deferred Compensation Program, and the Flexible Benefits Plan
- operating the Unclaimed Property, College Savings (Section 529 Plans), and Small and Minority-Owned Business programs
- overseeing the risk management program and handling and adjudicating all claims made against the State
Divisions
Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the Tennessee 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.
State budget
- See also: Tennessee state budget and finances
The budget for the Treasury Department in Fiscal Year 2023-2024 was $6,844,900.[5]
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $222,252, according to the Council of State Governments.[6]
2021
In 2021, the treasurer received a salary of $209,520, according to the Council of State Governments.[7]
2020
In 2020, the treasurer received a salary of $209,520 according to the Council of State Governments.[8]
2019
In 2019, the treasurer received a salary of $209,520 according to the Council of State Governments.[9]
2018
In 2018, the treasurer received a salary of $201,852 according to the Council of State Governments.[10]
2017
In 2017, the treasurer received a salary of $195,972 according to the Council of State Governments.[11]
2016
In 2016, the treasurer received a salary of $190,260 according to the Council of State Governments.[12]
2015
In 2015, the treasurer received a salary of $190,260 according to the Council of State Governments.[13]
2014
In 2014, the treasurer was paid an estimated $190,260 according to the Council of State Governments.[14]
2013
In 2013, the treasurer was paid an estimated $187,452 according to the Council of State Governments.[15]
Historical officeholders
There have been 43 Tennessee Treasurers since 1836. While the office is nonpartisan, the Tennessee Department of Treasury lists political affiliations for most former treasurers. Those affiliations have been listed in the chart below.[16]
| List of officeholders from 1836-Present | |||||
|---|---|---|---|---|---|
| # | Name | Tenure | Party | ||
| 1 | Miller Francis | 1836-43 | |||
| 2 | Matthew Nelson | 1843-45 | Whig | ||
| 3 | Robert B. Turner | 1845-47 | |||
| 4 | Anthony Dibrell | 1847-55 | Whig | ||
| 5 | G.C. Torbett | 1855-57 | |||
| 6 | W.Z. McGregor | 1857-59 | |||
| 7 | Joel Battle | 1862-65 | Whig | ||
| 8 | R.L. Standford | 1865-66 | |||
| 9 | John R. Henry | 1866-68 | |||
| 10 | W.H. Stilwell | 1868-69 | |||
| 11 | J.E. Rust | 1869-1871 | |||
| 12 | William Morrow | 1871-1877 | |||
| 13 | Marshall T. Polk | 1877-83 | |||
| 14 | Atha Thomas | 1883-85 | Conservative | ||
| 15 | J.W. Thomas | 1885-86 | |||
| 16 | Atha Thomas | 1886-1889 | Conservative | ||
| 17 | M.F. House | 1889-1893 | |||
| 18 | E.B. Craig | 1893-1901 | |||
| 19 | Reau Folk | 1901-11 | |||
| 20 | G.T. Taylor | 1911-13 | |||
| 21 | W.P. Hickerson | 1913-15 | |||
| 22 | Porter Dunlap | 1915-19 | |||
| 23 | Hill McAlister | 1919-1927 | |||
| 24 | John F. Nolan | 1927-1931 | |||
| 25 | Hill McAlister | 1931-1933 | |||
| 26 | James J. Bean | 1933-1937 | |||
| 27 | Grover Keaton | 1937-1939 | |||
| 28 | John W. Harton | 1939-1945 | |||
| 29 | Cecil C. Wallace | 1945-1948 | |||
| 30 | J. Floyd Murrey | 1948-1949 | |||
| 31 | W.N. Estes | 1949-1953 | |||
| 32 | J.B. Walker, Sr. | 1953-1955 | |||
| 33 | J.B. Walker, Jr. | 1953 | |||
| 34 | Ramon Davis | 1955-1963 | |||
| 35 | James H. Alexander | 1963-1964 | |||
| 36 | Nobel Caudill | 1964 | |||
| 37 | James H. Alexander | 1964-1967 | |||
| 38 | Charlie Worley | 1967-1971 | |||
| 39 | Thomas A. Wiseman | 1971-1974 | |||
| 40 | Harlan Mathews | 1974-1987 | |||
| 41 | Steve Adams | 1987-2003 | |||
| 42 | Dale Sims | 2003-2009 | |||
| 43 | David Lillard, Jr. | 2009-present | |||
Recent news
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Contact information
Tennessee State Treasurer
Tennessee State Capitol
600 Martin Luther King Jr. Blvd.
Nashville, TN 37243-0225
See also
| Tennessee | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ Tennessee Department of Treasury, "Homepage," accessed December 5, 2015
- ↑ Tennessee Department of Treasury, "Meet Treasurer Lillard," accessed January 25, 2021
- ↑ 3.0 3.1 3.2 Tennessee State Government, "Tennessee Founding Documents, accessed January 25, 2021
- ↑ Tennessee Department of Treasury, "Enriching Lives, Leading the Way," accessed January 25, 2021
- ↑ LegiScan, "Tennessee House Bill 1545," accessed December 6, 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 28, 2022
- ↑ Council of State Governments, "The Book of the States 2020," accessed January 25, 2021
- ↑ Council of State Governments, "The Book of the States 2019," accessed January 25, 2021
- ↑ Council of State Governments, "The Book of the States 2018," accessed January 25, 2021
- ↑ Council of State Governments, "The Book of the States 2017," accessed January 25, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 8, 2014
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," January 28, 2014
- ↑ Tennessee Department of Treasury, "History of TN Treasurers," accessed January 25, 2021
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