Tennessee State Treasurer
General information
Office Type:	Nonpartisan
Office website:	Official Link
Compensation:	$222,252
2025 FY Budget:	$4,146,400
Term limits:	None
Structure
Length of term:	2 years
Authority:	Tennessee Constitution, Article VII, Section 3
Selection Method:	Elected by theGeneral Assembly
Current Officeholder(s)
Tennessee Treasurer David Lillard, Jr. Nonpartisan Assumed office: January 15, 2009
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

TheTreasurer of Tennessee is an executive position in theTennessee state government,appointed by a joint vote of thegeneral assembly. The treasurer manages all State investments, receives and disburses public funds and administers major employee benefit programs.^[1]

Current officeholder

The current Tennessee Treasurer isDavid Lillard, Jr. (nonpartisan). Lillard assumed office in 2009.

Authority

The office of treasurer is established in theArticle VII, Section 3 of thestate Constitution.

Article VII, 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 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, pleaseemail us.

Appointments

Tennessee state government organizational chart

Article VII, Section 3 of thestate Constitution stipulates that the treasurer shall be appointed by the joint vote of both houses of thegeneral assembly and shall hold office for two years.^[2]

Vacancies

According toArticle III, Section 14 of thestate Constitution, in the event of a vacancy in the office, theTennessee General Assembly shall elect a successor. If the vacancy occurs during a recess of the legislature, thegovernor shall have the power to fill the vacancy by appointment, which shall expire at the end of the next session of the legislature.^[2]

Duties

Duties of the treasurer include:^[3]

• 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, pleaseemail us.

State budget

See also:Tennessee state budget and finances

The budget for the Treasury Department in Fiscal Year 2024-2025 was $4,146,400.^[4]

Compensation

See also:Compensation of state executive officers

2023

In 2023, the officer's salary was $222,252, according to theCouncil of State Governments.^[5]

2022

In 2022, the officer's salary was $222,252, according to theCouncil of State Governments.^[6]

2021

In 2021, the treasurer received a salary of $209,520, according to theCouncil of State Governments.^[7]

2020

In 2020, the treasurer received a salary of $209,520 according to theCouncil of State Governments.^[8]

2019

In 2019, the treasurer received a salary of $209,520 according to theCouncil of State Governments.^[9]

2018

In 2018, the treasurer received a salary of $201,852 according to theCouncil of State Governments.^[10]

2017

In 2017, the treasurer received a salary of $195,972 according to theCouncil of State Governments.^[11]

2016

In 2016, the treasurer received a salary of $190,260 according to theCouncil of State Governments.^[12]

2015

In 2015, the treasurer received a salary of $190,260 according to theCouncil of State Governments.^[13]

2014

In 2014, the treasurer was paid an estimated$190,260 according to theCouncil of State Governments.^[14]

2013

In 2013, the treasurer was paid an estimated$187,452 according to theCouncil of State Governments.^[15]

Historical officeholders

There have been 43 Tennessee Treasurers since 1836. While the office is nonpartisan, theTennessee 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	Democratic
2	Matthew Nelson	1843-45	Whig
3	Robert B. Turner	1845-47
4	Anthony Dibrell	1847-55	Whig
5	G.C. Torbett	1855-57	Democratic
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	Democratic
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	Democratic
19	Reau Folk	1901-11	Democratic
20	G.T. Taylor	1911-13	Republican
21	W.P. Hickerson	1913-15	Democratic
22	Porter Dunlap	1915-19	Democratic
23	Hill McAlister	1919-1927	Democratic
24	John F. Nolan	1927-1931	Democratic
25	Hill McAlister	1931-1933	Democratic
26	James J. Bean	1933-1937	Democratic
27	Grover Keaton	1937-1939	Democratic
28	John W. Harton	1939-1945	Democratic
29	Cecil C. Wallace	1945-1948	Democratic
30	J. Floyd Murrey	1948-1949
31	W.N. Estes	1949-1953	Democratic
32	J.B. Walker, Sr.	1953-1955	Democratic
33	J.B. Walker, Jr.	1953	Democratic
34	Ramon Davis	1955-1963	Democratic
35	James H. Alexander	1963-1964	Democratic
36	Nobel Caudill	1964	Democratic
37	James H. Alexander	1964-1967	Democratic
38	Charlie Worley	1967-1971	Democratic
39	Thomas A. Wiseman	1971-1974	Democratic
40	Harlan Mathews	1974-1987	Democratic
41	Steve Adams	1987-2003	Democratic
42	Dale Sims	2003-2009	Democratic
43	David Lillard, Jr.	2009-present	Republican

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
Tennessee State Executive OfficesTennessee State LegislatureTennessee Courts	2026 •2025 •2024 •2023 •2022 •2021 •2020 •2019 •2018 •2017 •2016Tennessee 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

• Tennessee Department of Treasury

Footnotes

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