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State Treasurer of Wisconsin

From Wikipedia, the free encyclopedia
American government office

State Treasurer of Wisconsin
Seal of the Office of the State Treasurer
Incumbent
John Leiber
since January 3, 2023
Style
Member ofBoard of Commissioners of Public Lands
SeatWisconsin State Capitol
Madison, Wisconsin
AppointerGeneral election
Term lengthFour years, no term limits
Constituting instrumentWisconsin Constitution of 1848, Article VI
Inaugural holderJairus C. Fairchild
FormationJune 7, 1848
(177 years ago)
 (June 7, 1848)
Salary$72,551[1]
WebsiteOfficial page

Thestate treasurer of Wisconsin is a constitutional officer in theexecutive branch of thegovernment of theU.S. state ofWisconsin.[2] Thirty-six individuals have held the office since statehood. The incumbent isJohn Leiber, aRepublican.

Election and term of office

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The state treasurer is elected onElection Day in November, and takes office on the first Monday of the next January.[3] There is nolimit to the number of terms a state treasurer may hold. From 1848 to 1968, the state treasurer was elected to a two-year term in the November general election. Since 1970, following ratification of a constitutional amendment in April 1967, the state treasurer has been elected to a four-year term.

In the event of a vacancy in the office of the state treasurer, thegovernor may appoint a replacement to fill the remainder of the term. The state treasurer may be removed from office through animpeachmenttrial.[4]

Powers and duties

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In Wisconsin, the state treasurer is the chief banker of state government, signing checks, share drafts, and other drafts drawn on state funds by theDepartment of Administration; this role extends to the State Investment Fund and the Public Employee Trust Fund, which are managed by independent state agencies.[5][6][7] The state treasurer also makes certified copies of deeds, bonds, and other documents filed with his or her office and promotes Wisconsin's unclaimed property program.[8][9] Furthermore, the state treasurer assists in the administration of the County Mining Investment Fund and receives and deposits payments for certain Great Lakes fisheries-related surcharges into the Conservation Fund.[10][11][12][13] Occasional functions performed by the state treasurer include approving the amounts and sureties filed with the Department of Administration in connection to the Department of Revenue's receipt of paid income and franchise taxes, receiving payments from the Banking Division in connection with liquidation proceedings of banks, acknowledging the satisfaction and discharge of certain mortgages involving the state, and conducting training conferences for municipal clerks and treasurers.[14][15][16]

Aside from the office's functional responsibilities, the state treasurer is a member of the Board of Directors of the Insurance Security Fund and of theBoard of Commissioners of Public Lands.[17][18]

Reduction of powers and office dissolution attempts

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Since the 1990s, most duties vested in the state treasurer's office have gradually been eliminated or transferred to other state agencies. 1995 Wisconsin Act 27 eliminated the office's securities section, which had the responsibility of safekeeping securities purchased by theState of Wisconsin Investment Board.[19] 1997 Wisconsin Act 27 transferred the Division of Trust Lands and Investment, which altogether comprises the staff of the Board of Commissioners of Public Lands, to theWisconsin Department of Administration.[20] Most notably, 2003 Wisconsin Act 33 transferred thecash anddebt management functions of the state treasurer's office to the Department of Administration.[21] Moreover, 2011 Wisconsin Act 32 transferred the state's version of a529 plan, known as EdVest, to the Department of Administration. The same act also transferred theLocal Government Investment Pool and corresponding management services functions to the Department of Administration.[22] Later, 2013 Wisconsin Act 20 transferred the state treasurer'sUnclaimed Property Program to theWisconsin Department of Revenue.[23] As a result of these interagency transfers, the office of State Treasurer in Wisconsin is institutionally the weakest directly elected member of the National Association of State Treasurers, according to state-by-state analyses published by the Council of State Governments, and the onlystate treasurer nationwide not responsible for cash management.[24]

On October 27, 2015, theWisconsin State Assembly approved an amendment to theWisconsin Constitution to abolish the state treasurer's office, Assembly Joint Resolution 5 (AJR 5), with 63 "yea" votes and 33 "nay" votes. TheWisconsin State Senate approved AJR 5 on January 20, 2016. The first approval of the amendment was enrolled on March 15, 2016. Because this measure was approved by both chambers of theWisconsin State Legislature, the Wisconsin Elimination of State Treasurer Amendment was placed on the 2018 spring general election ballot on April 3, 2018.[25] The referendum was defeated, with 62% of voters statewide choosing to retain the office with a "no" vote against amending the constitution to eliminate the office.[26]

List of state treasurers

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Number of state treasurers of Wisconsin by party affiliation
PartyTreasurers
Republican23
Democratic9
Progressive1
None1

This is alist of state treasurers of Wisconsin.

  Democratic  Republican  Progressive

#ImageState TreasurerPartyTook officeLeft office[note 1]
1Jairus C. FairchildDemocraticJune 7, 1848[27]January 5, 1852
2Edward H. Janssen[note 2]DemocraticJanuary 5, 1852[27]January 7, 1856
3Charles KuehnDemocraticJanuary 7, 1856[27]January 4, 1858
4Samuel D. HastingsRepublicanJanuary 4, 1858[27]January 1, 1866
5William E. SmithRepublicanJanuary 1, 1866[27]January 3, 1870
6Henry BaetzRepublicanJanuary 3, 1870[27]January 5, 1874
7Ferdinand KuehnDemocraticJanuary 5, 1874[27]January 7, 1878
8Richard GuentherRepublicanJanuary 7, 1878[27]January 2, 1882
9Edward C. McFetridgeRepublicanJanuary 2, 1882[27]January 3, 1887
10Henry B. HarshawRepublicanJanuary 3, 1887[27]January 5, 1891
11John HunnerDemocraticJanuary 5, 1891[27]January 7, 1895
12Sewell A. PetersonRepublicanJanuary 7, 1895[27]January 2, 1899
13James O. DavidsonRepublicanJanuary 2, 1899[27]January 5, 1903
14John J. Kempf[note 3]RepublicanJanuary 5, 1903July 30, 1904[29]
15Thomas M. Purtell[note 4]RepublicanJuly 30, 1904[29]January 2, 1905
16John J. KempfRepublicanJanuary 2, 1905[27]January 7, 1907
17Andrew H. DahlRepublicanJanuary 7, 1907[27]January 6, 1913
18Henry JohnsonRepublicanJanuary 6, 1913[27]January 1, 1923
19Solomon LevitanRepublicanJanuary 1, 1923[27]January 2, 1933
20Robert K. HenryDemocraticJanuary 2, 1933[30]January 4, 1937
21Solomon LevitanProgressiveJanuary 4, 1937[31]January 2, 1939
22John M. Smith[note 5]RepublicanJanuary 2, 1939[32]August 17, 1947[29]
vacantAugust 17, 1947August 19, 1947
23John L. Sonderegger[note 4][note 6]RepublicanAugust 19, 1947[29]September 30, 1948[29]
vacantSeptember 30, 1948October 1, 1948
24Clyde M. Johnston[note 7]noneOctober 1, 1948[29]January 3, 1949
25Warren R. Smith[note 5]RepublicanJanuary 3, 1949[33]December 4, 1957[29]
vacantDecember 4, 1957December 5, 1957
26Dena A. Smith[note 4]RepublicanDecember 5, 1957[29]January 5, 1959
27Eugene M. LambDemocraticJanuary 5, 1959[34]January 2, 1961
28Dena A. Smith[note 5]RepublicanJanuary 2, 1961[35]February 20, 1968[29]
vacantFebruary 20, 1968February 21, 1968
29Harold W. Clemens[note 4]RepublicanFebruary 21, 1968[29]January 4, 1971
30Charles P. SmithDemocraticJanuary 4, 1971[36]January 7, 1991
31Cathy ZeuskeRepublicanJanuary 7, 1991[37]January 3, 1995
32Jack VoightRepublicanJanuary 3, 1995[38]January 3, 2007
33Dawn Marie SassDemocraticJanuary 3, 2007[39]January 3, 2011
34Kurt W. SchullerRepublicanJanuary 3, 2011January 5, 2015
35Matt AdamczykRepublicanJanuary 5, 2015January 7, 2019
36Sarah GodlewskiDemocraticJanuary 7, 2019January 2, 2023
37John LeiberRepublicanJanuary 3, 2023Incumbent

Notes

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  1. ^When there is no evidence to the contrary, it is assumed that state treasurers left office the same day their successors weresworn in.
  2. ^Contemporary newspaper accounts indicate that the second state treasurer's surname was "Jansson";[28] recent editions of theWisconsin Blue Books, however, list his surname as "Jansen".[29]
  3. ^Failed to give the required bond.
  4. ^abcdAppointed to fill vacancy.
  5. ^abcDied in office.
  6. ^Resigned to become state insurance commissioner.
  7. ^Appointed from staff.

See also

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References

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  1. ^Salaries of Wisconsin State Elected Officials(PDF) (Report). Wisconsin Legislative Reference Bureau. 2019. p. 2. RetrievedApril 3, 2020.
  2. ^"Article VI, Section 3, Wisconsin Constitution". Wisconsin Legislative Reference Bureau. RetrievedSeptember 27, 2022.
  3. ^Barish, Lawrence S., ed. (2007)."Chapter 3: Wisconsin Constitution (Article XIII)".State of Wisconsin Blue Book 2007–2008(PDF). Madison, Wisconsin: Wisconsin Legislative Reference Bureau. p. 234.ISBN 978-0-9752820-2-1. RetrievedMay 10, 2008.[permanent dead link]
  4. ^Barish, Lawrence S., ed. (2007)."Chapter 3: Wisconsin Constitution (Article VII)".State of Wisconsin Blue Book 2007–2008(PDF). Madison, Wisconsin: Wisconsin Legislative Reference Bureau. p. 218.ISBN 978-0-9752820-2-1. RetrievedMay 10, 2008.[permanent dead link]
  5. ^"14.58 (1), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  6. ^"25.19 (1), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  7. ^"40.03 (4), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  8. ^"14.58 (11), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  9. ^"14.58 (4), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  10. ^"25.65, Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  11. ^"29.984 (1) (f), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  12. ^"29.9905 (1) (d), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  13. ^"29.991 (1) (c), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  14. ^"708.07, Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  15. ^"71.80 (1) (e), Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  16. ^"221.0802, Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  17. ^"646.12 (1) (a) 1., Wis. Stats". Wisconsin Legislative Reference Bureau. RetrievedApril 21, 2022.
  18. ^"Homepage". Board of Commissioners of Public Lands. RetrievedApril 21, 2022.
  19. ^"1995 Wisconsin Act 27". Wisconsin Legislative Reference Bureau. RetrievedJuly 6, 2021.
  20. ^"1997 Wisconsin Act 27". Wisconsin Legislative Reference Bureau. RetrievedJuly 6, 2021.
  21. ^"2003 Wisconsin Act 33"(PDF). Wisconsin Legislative Reference Bureau. RetrievedJuly 6, 2021.
  22. ^"2011 Wisconsin Act 32"(PDF). Wisconsin Legislative Reference Bureau. RetrievedJuly 6, 2021.
  23. ^"2013 Wisconsin Act 20". Wisconsin Legislative Reference Bureau. RetrievedJuly 6, 2021.
  24. ^"Responsibilities of the Treasurer's Office". The Council of State Governments. RetrievedJuly 25, 2024.
  25. ^Wisconsin Legislative Reference Bureau, "2015 Enrolled Joint Resolution 7: Constitutional Amendment Approved on First Consideration to Eliminate the Office of the State Treasurer," June 2016
  26. ^"Wisconsin voters choose to keep state treasurer's office".Wisconsin State Journal. April 4, 2018. RetrievedApril 5, 2018.
  27. ^abcdefghijklmnopqAnderson, William J. (1929). William A. Anderson (ed.).The Wisconsin blue book, 1929. Madison, Wisconsin: Democrat Printing Company. p. 148. RetrievedJune 10, 2008.
  28. ^"EDITORIAL CORRESPONDENCE: "Except these Bonds""(PDF).Daily Free Democrat. Milwaukee, Wisconsin. January 20, 1852. p. 2. RetrievedAugust 25, 2008.
  29. ^abcdefghijkBarish, Lawrence S., ed. (2007)."Chapter 8: Statistical Information on Wisconsin".State of Wisconsin Blue Book 2007–2008(PDF). Madison, Wisconsin: Wisconsin Legislative Reference Bureau. pp. 722–723.ISBN 978-0-9752820-2-1. Archived fromthe original on August 11, 2011. RetrievedJune 6, 2008.
  30. ^"SCHMEDEMAN IS MADE GOVERNOR"(PDF).Ironwood Daily Globe.Ironwood, Michigan. January 2, 1933. p. 1. RetrievedAugust 24, 2008.
  31. ^"New Administrations Started"(PDF).Oshkosh Daily Northwestern.Oshkosh, Wisconsin. January 4, 1937. p. 6. RetrievedAugust 24, 2008.
  32. ^"Gov. Julius P. Heil Takes Office"(PDF).The Sheboygan Press.Sheboygan, Wisconsin. January 2, 1939. p. 1. RetrievedAugust 24, 2008.
  33. ^"Rennebohm Inaugurated for Own Term as Governor"(PDF).Waukesha Daily Freeman.Waukesha, Wisconsin. January 3, 1949. p. 2. RetrievedAugust 24, 2008.
  34. ^"Gaylord Nelson Becomes State's 34th Governor"(PDF).Stevens Point Daily Journal.Stevens Point, Wisconsin. January 5, 1959. p. 1. RetrievedAugust 24, 2008.
  35. ^"State Officers Inaugurated"(PDF).Wisconsin State Journal.Madison, Wisconsin. January 3, 1961. p. 2. RetrievedAugust 24, 2008.
  36. ^"Lucey Hopes to Bridge Troubled State Waters"(PDF).Wisconsin State Journal. Madison, Wisconsin. January 5, 1971. pp. 1–2. RetrievedAugust 24, 2008.
  37. ^"Thompson takes oath, praises school choice"(PDF).Ironwood Daily Globe. Ironwood, Michigan. January 8, 1991. p. 7. RetrievedApril 21, 2010.
  38. ^"TWO CAPITOLS FEEL CHANGE IN THE AIR".St. Paul Pioneer Press. St. Paul, Minnesota. January 4, 1995. p. 1A. RetrievedApril 21, 2010.
  39. ^"At inauguration, Doyle keeps focus on health care, schools; Legislative leaders make bipartisan pledges after Capitol ceremonies".Milwaukee Journal Sentinel. Milwaukee, Wisconsin. January 4, 2007. p. B1.ProQuest 263656000.

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