In the
state governments of the United States
State governments of the United States are Administrative division, institutional units exercising functions of government at a level below that of the Federal government of the United States, federal government. Each U.S. state's government hold ...
, 48 of the 50
states have the
executive position of treasurer.
New York
New York most commonly refers to:
* New York City, the most populous city in the United States, located in the state of New York
* New York (state), a state in the northeastern United States
New York may also refer to:
Film and television
* '' ...
abolished the position in 1926; duties were transferred to
New York State Comptroller.
Texas abolished the position of
Texas State Treasurer
Texas State Treasurer was an elected constitutional officer in the executive branch of the state government of Texas, responsible for overseeing the financial operations of state government. The position was established in the Constitution of ...
in 1996, transferring the duties of that office to the
Texas Comptroller of Public Accounts.
The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of
budget surplus
A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget ...
es and
deficit
A deficit is the amount by which a sum falls short of some reference amount.
Economics
* Balance of payments deficit, when the balance of payments is negative
* Government budget deficit
* Deficit spending, the amount by which spending exceeds ...
s. The position has powers and responsibilities similar to those of the
United States Secretary of the Treasury and the
Treasurer of the United States, or the
chief financial officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
of a
corporation.
Current state treasurers or equivalents
In most states, the position is a statewide elected office, usually a constitutional office (that is, provided for in the
state constitution). In some states the position is appointed by the
governor as a member of the governor's
cabinet
Cabinet or The Cabinet may refer to:
Furniture
* Cabinetry, a box-shaped piece of furniture with doors and/or drawers
* Display cabinet, a piece of furniture with one or more transparent glass sheets or transparent polycarbonate sheets
* Filing ...
.
See also
*
*
California Municipal Treasurers Association (CMTA)
*
California Society of Municipal Finance Officers (CSMFO)
*
Government Finance Officers Association (GFOA)
*
Government Finance Officers Association of Texas (GFOAT)
*
State constitutional officer (United States)
In the United States, each state and territory has constitutional officers who lead the state governments of the United States. These officers may be elected or appointed, depending on the position. The number and powers of state constitutional ...
*
List of U.S. statewide elected officials
References
External links
{{DEFAULTSORT:State Treasurer
State treasurer
In the state governments of the United States, 48 of the 50 states have the executive position of treasurer. New York abolished the position in 1926; duties were transferred to New York State Comptroller. Texas abolished the position of Texas ...