Virginia Treasurer
| Virginia Treasurer | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $190,217 |
| 2024 FY Budget: | $65,103,161 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the Governor |
| Authority: | Virginia Code, Title 2.2, Chapter 18, Section 1 |
| Selection Method: | Appointed by Governor |
| Current Officeholder | |
| David Richardson | |
| Other Virginia Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
The Virginia Treasurer is an appointed position within the Virginia state government. The treasurer serves as the commonwealth's chief financial officer and is responsible for the banking and investments needs of the state government.[1]
Current officeholder
The current officeholder is David Richardson. He was first appointed to the statewide office by Gov. Glenn Youngkin (R), effective June 2, 2022.[2]
Authority
The office of treasurer is established in Title 2.2, Chapter 18 of the Code of Virginia:[3]
Title 2.2, Chapter 18, Section 1:
| A. There is created a Department of the Treasury ("the Department"), which shall be under the direct control and supervision of the State Treasurer. The State Treasurer shall be appointed by the Governor to serve at his pleasure or until a successor is appointed and qualified. |
Qualifications
There are no specific qualifications for this office.
Appointments
The treasurer is appointed by, and serves at the pleasure of, the Governor of Virginia.[4]
Vacancies
In the event of a vacancy in the office, the governor appoints a new officeholder.
Duties
As of January 2021, the stated duties of the Department of the Treasury were:[5]
| “ | Treasury is responsible for the investment of state monies, issuance and management of the short and long-term financing needs of the Commonwealth, administration of the state's unclaimed property and escheat laws, administration of insurance and risk management programs, management of the state's banking network, development of cash management programs, and check issuance services.[6] | ” |
Divisions
As of January 28, 2021, divisions within the Department of the Treasury included:[1]
- Unclaimed Property
- Cash Management & Investments
- Bond Finance
- Risk Management
- Operations
- Human Resources
State budget
- See also: Virginia state budget and finances
The budget for the Department of the Treasury in Fiscal Year 2024 was $65,103,161.[7]
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $190,217, according to the Council of State Governments.[8]
2021
In 2021, the treasurer received a salary of $177,172, according to the Council of State Governments.[9]
2020
In 2020, the treasurer received a salary of $177,172 according to the Council of State Governments.[10]
2019
In 2019, the treasurer received a salary of $172,430 according to the Council of State Governments.[11]
2018
In 2018, the treasurer received a salary of $172,430according to the Council of State Governments.[12]
2017
In 2017, the treasurer received a salary of $167,408 according to the Council of State Governments.[13]
2016
In 2016, the treasurer received a salary of $167,408 according to the Council of State Governments.[14]
2015
In 2015, the treasurer received a salary of $162,214 according to the Council of State Governments.[15]
2014
In 2014, the treasurer was paid an estimated $162,214 according to the Council of State Governments.[16]
2013
In 2013, the treasurer was paid an estimated $157,249 according to the Council of State Governments.[17]
2011
In 2011, the treasurer was paid an estimated $149,761 according to the Council of State Governments.[18]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Virginia 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
The link below is to the most recent stories in a Google news search for the terms Virginia State Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact information
Mailing address:
101 North 14th Street
Richmond, VA 23219
Phone: (804) 225-2142
See also
| Virginia | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 Virginia Department of the Treasury, "Home," accessed January 28, 2021
- ↑ Virginia Treasury, "David L. Richardson," accessed June 15, 2022
- ↑ Virginia Legislative Information Services, "Code of Virginia," accessed January 28, 2021
- ↑ Code of Virginia, "Title 2.2, Chapter 18, Section 1: Department of the Treasury; State Treasurer," accessed January 28, 2021
- ↑ Virginia Department of the Treasury, "About Us," accessed January 28, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Commonwealth of Virginia, "Budget Bill - HB6001 (Chapter 1)," accessed December 12, 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 28, 2021
- ↑ Council of State Governments, "The Book of the States 2019," accessed January 28, 2021
- ↑ Council of State Governments, "The Book of the States 2018," accessed January 28, 2021
- ↑ Council of State Governments, "The Book of the States 2017," accessed January 28, 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 31, 2014
- ↑ Council of State Governments, "Table 4.11 Selected state administrative officials: Annual salaries by region," accessed February 1, 2012
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