State Treasurer of Wisconsin
State Treasurer of Wisconsin | |
---|---|
![]() Seal of the Office of the State Treasurer | |
since January 3, 2023 | |
Style |
|
Member of | Board of Commissioners of Public Lands |
Seat | Wisconsin State Capitol Madison, Wisconsin |
Appointer | General election |
Term length | Four years, no term limits |
Constituting instrument | Wisconsin Constitution of 1848, Article VI |
Inaugural holder | Jairus C. Fairchild |
Formation | June 7, 1848 |
Salary | $72,551[1] |
Website | Official page |
The state treasurer of Wisconsin is a constitutional officer in the executive branch of the government of the U.S. state of Wisconsin.[2] Thirty-six individuals have held the office since statehood. The incumbent is John Leiber, a Republican.
Election and term of office
[edit]The state treasurer is elected on Election Day in November, and takes office on the first Monday of the next January.[3] There is no limit 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, the governor may appoint a replacement to fill the remainder of the term. The state treasurer may be removed from office through an impeachment trial.[4]
Powers and duties
[edit]In Wisconsin, the state treasurer is the chief banker of state government, signing checks, share drafts, and other drafts drawn on state funds by the Department 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 the Board of Commissioners of Public Lands.[17][18]
Reduction of powers and office dissolution attempts
[edit]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 the State 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 the Wisconsin Department of Administration.[20] Most notably, 2003 Wisconsin Act 33 transferred the cash and debt 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 a 529 plan, known as EdVest, to the Department of Administration. The same act also transferred the Local Government Investment Pool and corresponding management services functions to the Department of Administration.[22] Later, 2013 Wisconsin Act 20 transferred the state treasurer's Unclaimed Property Program to the Wisconsin 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 only state treasurer nationwide not responsible for cash management.[24]
On October 27, 2015, the Wisconsin State Assembly approved an amendment to the Wisconsin Constitution to abolish the state treasurer's office, Assembly Joint Resolution 5 (AJR 5), with 63 "yea" votes and 33 "nay" votes. The Wisconsin 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 the Wisconsin 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
[edit]Party | Treasurers |
---|---|
Republican | 23 |
Democratic | 9 |
Progressive | 1 |
None | 1 |
This is a list of state treasurers of Wisconsin.
Democratic Republican Progressive
# | Image | State Treasurer | Party | Took office | Left office[note 1] |
---|---|---|---|---|---|
1 | ![]() |
Jairus C. Fairchild | Democratic | June 7, 1848[27] | January 5, 1852 |
2 | Edward H. Janssen[note 2] | Democratic | January 5, 1852[27] | January 7, 1856 | |
3 | Charles Kuehn | Democratic | January 7, 1856[27] | January 4, 1858 | |
4 | ![]() |
Samuel D. Hastings | Republican | January 4, 1858[27] | January 1, 1866 |
5 | ![]() |
William E. Smith | Republican | January 1, 1866[27] | January 3, 1870 |
6 | ![]() |
Henry Baetz | Republican | January 3, 1870[27] | January 5, 1874 |
7 | ![]() |
Ferdinand Kuehn | Democratic | January 5, 1874[27] | January 7, 1878 |
8 | ![]() |
Richard Guenther | Republican | January 7, 1878[27] | January 2, 1882 |
9 | Edward C. McFetridge | Republican | January 2, 1882[27] | January 3, 1887 | |
10 | Henry B. Harshaw | Republican | January 3, 1887[27] | January 5, 1891 | |
11 | John Hunner | Democratic | January 5, 1891[27] | January 7, 1895 | |
12 | Sewell A. Peterson | Republican | January 7, 1895[27] | January 2, 1899 | |
13 | ![]() |
James O. Davidson | Republican | January 2, 1899[27] | January 5, 1903 |
14 | ![]() |
John J. Kempf[note 3] | Republican | January 5, 1903 | July 30, 1904[29] |
15 | Thomas M. Purtell[note 4] | Republican | July 30, 1904[29] | January 2, 1905 | |
16 | ![]() |
John J. Kempf | Republican | January 2, 1905[27] | January 7, 1907 |
17 | Andrew H. Dahl | Republican | January 7, 1907[27] | January 6, 1913 | |
18 | ![]() |
Henry Johnson | Republican | January 6, 1913[27] | January 1, 1923 |
19 | ![]() |
Solomon Levitan | Republican | January 1, 1923[27] | January 2, 1933 |
20 | ![]() |
Robert K. Henry | Democratic | January 2, 1933[30] | January 4, 1937 |
21 | ![]() |
Solomon Levitan | Progressive | January 4, 1937[31] | January 2, 1939 |
22 | ![]() |
John M. Smith[note 5] | Republican | January 2, 1939[32] | August 17, 1947[29] |
vacant | August 17, 1947 | August 19, 1947 | |||
23 | John L. Sonderegger[note 4][note 6] | Republican | August 19, 1947[29] | September 30, 1948[29] | |
vacant | September 30, 1948 | October 1, 1948 | |||
24 | Clyde M. Johnston[note 7] | none | October 1, 1948[29] | January 3, 1949 | |
25 | Warren R. Smith[note 5] | Republican | January 3, 1949[33] | December 4, 1957[29] | |
vacant | December 4, 1957 | December 5, 1957 | |||
26 | Dena A. Smith[note 4] | Republican | December 5, 1957[29] | January 5, 1959 | |
27 | Eugene M. Lamb | Democratic | January 5, 1959[34] | January 2, 1961 | |
28 | Dena A. Smith[note 5] | Republican | January 2, 1961[35] | February 20, 1968[29] | |
vacant | February 20, 1968 | February 21, 1968 | |||
29 | Harold W. Clemens[note 4] | Republican | February 21, 1968[29] | January 4, 1971 | |
30 | Charles P. Smith | Democratic | January 4, 1971[36] | January 7, 1991 | |
31 | Cathy Zeuske | Republican | January 7, 1991[37] | January 3, 1995 | |
32 | Jack Voight | Republican | January 3, 1995[38] | January 3, 2007 | |
33 | ![]() |
Dawn Marie Sass | Democratic | January 3, 2007[39] | January 3, 2011 |
34 | Kurt W. Schuller | Republican | January 3, 2011 | January 5, 2015 | |
35 | Matt Adamczyk | Republican | January 5, 2015 | January 7, 2019 | |
36 | ![]() |
Sarah Godlewski | Democratic | January 7, 2019 | January 2, 2023 |
37 | John Leiber | Republican | January 3, 2023 | Incumbent |
Notes
[edit]- ^ When there is no evidence to the contrary, it is assumed that state treasurers left office the same day their successors were sworn in.
- ^ Contemporary newspaper accounts indicate that the second state treasurer's surname was "Jansson";[28] recent editions of the Wisconsin Blue Books, however, list his surname as "Jansen".[29]
- ^ Failed to give the required bond.
- ^ a b c d Appointed to fill vacancy.
- ^ a b c Died in office.
- ^ Resigned to become state insurance commissioner.
- ^ Appointed from staff.
See also
[edit]References
[edit]- ^ Salaries of Wisconsin State Elected Officials (PDF) (Report). Wisconsin Legislative Reference Bureau. 2019. p. 2. Retrieved April 3, 2020.
- ^ "Article VI, Section 3, Wisconsin Constitution". Wisconsin Legislative Reference Bureau. Retrieved September 27, 2022.
- ^ 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. Retrieved 2008-05-10.[permanent dead link]
- ^ 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. Retrieved 2008-05-10.[permanent dead link]
- ^ "14.58 (1), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "25.19 (1), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "40.03 (4), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "14.58 (11), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "14.58 (4), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "25.65, Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "29.984 (1) (f), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "29.9905 (1) (d), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "29.991 (1) (c), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "708.07, Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "71.80 (1) (e), Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "221.0802, Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "646.12 (1) (a) 1., Wis. Stats". Wisconsin Legislative Reference Bureau. Retrieved April 21, 2022.
- ^ "Homepage". Board of Commissioners of Public Lands. Retrieved April 21, 2022.
- ^ "1995 Wisconsin Act 27". Wisconsin Legislative Reference Bureau. Retrieved July 6, 2021.
- ^ "1997 Wisconsin Act 27". Wisconsin Legislative Reference Bureau. Retrieved July 6, 2021.
- ^ "2003 Wisconsin Act 33" (PDF). Wisconsin Legislative Reference Bureau. Retrieved July 6, 2021.
- ^ "2011 Wisconsin Act 32" (PDF). Wisconsin Legislative Reference Bureau. Retrieved July 6, 2021.
- ^ "2013 Wisconsin Act 20". Wisconsin Legislative Reference Bureau. Retrieved July 6, 2021.
- ^ "Responsibilities of the Treasurer's Office". The Council of State Governments. Retrieved July 25, 2024.
- ^ 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
- ^ "Wisconsin voters choose to keep state treasurer's office". Wisconsin State Journal. 4 April 2018. Retrieved 5 April 2018.
- ^ a b c d e f g h i j k l m n o p q Anderson, William J. (1929). William A. Anderson (ed.). The Wisconsin blue book, 1929. Madison, Wisconsin: Democrat Printing Company. p. 148. Retrieved 2008-06-10.
- ^ "EDITORIAL CORRESPONDENCE: "Except these Bonds"" (PDF). Daily Free Democrat. Milwaukee, Wisconsin. January 20, 1852. p. 2. Retrieved 2008-08-25.
- ^ a b c d e f g h i j k Barish, 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 from the original on 2011-08-11. Retrieved 2008-06-06.
- ^ "SCHMEDEMAN IS MADE GOVERNOR" (PDF). Ironwood Daily Globe. Ironwood, Michigan. January 2, 1933. p. 1. Retrieved 2008-08-24.
- ^ "New Administrations Started" (PDF). Oshkosh Daily Northwestern. Oshkosh, Wisconsin. January 4, 1937. p. 6. Retrieved 2008-08-24.
- ^ "Gov. Julius P. Heil Takes Office" (PDF). The Sheboygan Press. Sheboygan, Wisconsin. January 2, 1939. p. 1. Retrieved 2008-08-24.
- ^ "Rennebohm Inaugurated for Own Term as Governor" (PDF). Waukesha Daily Freeman. Waukesha, Wisconsin. January 3, 1949. p. 2. Retrieved 2008-08-24.
- ^ "Gaylord Nelson Becomes State's 34th Governor" (PDF). Stevens Point Daily Journal. Stevens Point, Wisconsin. January 5, 1959. p. 1. Retrieved 2008-08-24.
- ^ "State Officers Inaugurated" (PDF). Wisconsin State Journal. Madison, Wisconsin. January 3, 1961. p. 2. Retrieved 2008-08-24.
- ^ "Lucey Hopes to Bridge Troubled State Waters" (PDF). Wisconsin State Journal. Madison, Wisconsin. January 5, 1971. pp. 1–2. Retrieved 2008-08-24.
- ^ "Thompson takes oath, praises school choice" (PDF). Ironwood Daily Globe. Ironwood, Michigan. January 8, 1991. p. 7. Retrieved 2010-04-21.
- ^ "TWO CAPITOLS FEEL CHANGE IN THE AIR". St. Paul Pioneer Press. St. Paul, Minnesota. January 4, 1995. p. 1A. Retrieved 2010-04-21.
- ^ "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.