Michigan Treasurer
General information
Office Type:	Nonpartisan
Office website:	Official Link
Compensation:	$198,916
2025 FY Budget:	$2,703,250,200
Term limits:	None
Structure
Length of term:	Serves at the pleasure of the governor.
Authority:	Michigan Constitution, Article V, Section 3 the Executive Department
Selection Method:	Appointed by the governor
Current Officeholder(s)
Michigan Treasurer Rachael Eubanks Nonpartisan Assumed office: 2019
Other Michigan Executive Offices
Governor •Lieutenant Governor •Secretary of State •Attorney General •Treasurer •Auditor •Superintendent of Public Instruction •Director of Agriculture and Rural Development •Insurance Commissioner •Natural Resources Director •Labor Director •Public Service Commission

TheMichigan Treasurer is a state executive position in the Michigan state government.

The office of the state treasurer collects, invests, and disburses all state money. The treasury additionally administers major tax and property laws and safeguards the state's credit.^[1]

Current officeholder

The current Michigan Treasurer isRachael Eubanks (nonpartisan). Eubanks assumed office in 2019.

Authority

Thestate Constitution addresses the office of the Treasurer inArticle V, the Executive Department.^[2]

Under Article V, Section 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 Michigan 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, pleaseemail us.

Appointments

Michigan state government organizational chart

The treasurer is appointed by thegovernor.^[2]

Vacancies

Since treasurer is one of the three constitutional executive department heads that make upthe Executive Branch, its vacancy contingencies are addressed inArticle V, Section 6 of thestate constitution. The section states that the appointment can be rejected if a majority of state senators vote against it, with the window to reject open for "60 session days after the date of such appointment. Any appointment not disapproved within such period shall stand confirmed."^[2]

Duties

The treasurer is responsible for managing all state funds.^[3] This includes:^[1]

• Administers major tax laws and property tax laws
• Safeguarding the credit of the state and its local units of government
• Investing retirement funds of Michigan's state employees, public school employees, state police and judges
• Distributing revenue sharing monies to local units of government
• Auditing municipal finance records
• Reuniting abandoned property with its rightful owner.

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 Michigan 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, pleaseemail us.

State budget

See also:Michigan state budget and finances

The Department of Treasury's budget for the 2025 fiscal year was $2,703,250,200.^[4]

Compensation

See also:Compensation of state executive officers

2023

In 2023, the officer's salary was $198,916, according to theCouncil of State Governments.^[5]

2022

In 2022, the officer's salary was $187,569, according to theCouncil of State Governments.^[6]

2021

In 2021, the treasurer received a salary of $182,070, according to theCouncil of State Governments.^[7]

2020

In 2020, the treasurer received a salary of $178,500, according to theCouncil of State Governments.^[8]

2019

In 2019, the treasurer received a salary of $174,204, according to theCouncil of State Governments.^[9]

2018

In 2018, the treasurer received a salary of $174,204, according to theCouncil of State Governments.^[10]

2017

In 2017, the treasurer received a salary of $174,204, according to theCouncil of State Governments.^[11]

2016

In 2016, the treasurer received a salary of $174,204, according to theCouncil of State Governments.^[12]

2015

In 2015, the treasurer received a salary of $174,204, according to theCouncil of State Governments.^[13]

2014

In 2014, the treasurer received a salary of$174,204, according to theCouncil of State Governments.^[14]

2013

In 2013, the treasurer's salary remained at$174,204.^[15]

2012

In 2012, the treasurer was paid an estimated$174,204, according to theCouncil of State Governments.^[16]

Historical officeholders

There have been 46 Michigan Treasurer since 1836.^[17]

Recent news

The link below is to the most recent stories in a Google news search for the termsMichigan State Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

Contact information

Michigan Department of Treasury
Lansing, Michigan 48922
Phone: (517) 335-7508

See also

Michigan	State Executive Elections	News and Analysis
Michigan State Executive OfficesMichigan State LegislatureMichigan Courts	2026 •2025 •2024 •2023 •2022 •2021 •2020 •2019 •2018 •2017 •2016Michigan elections:2026 •2025 •2024 •2023 •2022 •2021 •2020 •2019 •2018 •2017 •2016	Party control of state governmentState government trifectasState of the state addressesPartisan composition of governors

External links

Suggest a link

• Michigan Department of Treasury

Footnotes

	v • e State ofMichigan Lansing (capital)
Elections	What's on my ballot? |Elections in 2026 |How to vote |How to run for office |Ballot measures
Government	Who represents me? |U.S. President |U.S. Congress |Federal courts |State executives |State legislature |State and local courts |Counties |Cities |School districts |Public policy