Connecticut Treasurer

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Connecticut Treasurer

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General information
Office Type:  Partisan
Office website:  Official Link
Compensation:  $110,000
2024 FY Budget:  $3,856,000
Term limits:  None
Structure
Length of term:   4 years
Authority:  Connecticut Constitution, Article IV, Section 23
Selection Method:  Elected
Current Officeholder

Connecticut Treasurer Erick Russell
Democratic Party
Assumed office: January 4, 2023

Elections
Next election:  November 3, 2026
Last election:  November 8, 2022
Other Connecticut Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerComptrollerCommissioner of EducationAgriculture CommissionerInsurance CommissionerEnergy & Environmental Protection CommissionerLabor CommissionerPublic Utilities Regulatory Authority

The Treasurer of the State of Connecticut is the chief financial officer of the government of Connecticut. The treasurer is responsible for maintaining the state funds and acting as the state's bank.

Current officeholder

The current Connecticut Treasurer is Erick Russell (D). Russell assumed office in 2023.

Authority

The office of treasurer is established in Article IV of the state constitution.

Connecticut Constitution, Article IV, Section 23

The treasurer shall receive all monies belonging to the state, and disburse the same only as he may be directed by law. He shall pay no warrant, or order for the disbursement of public money, until the same has been registered in the office of the comptroller.

Qualifications

In order to be eligible for the office of treasurer, one must be a citizen of the United States, a qualified voter, and a Connecticut resident for an unspecified number of years.[1]

Elections

Connecticut state government organizational chart

Article 4, Section 1:

A general election for governor, lieutenant-governor, secretary of the state, treasurer and comptroller shall be held on the Tuesday after the first Monday of November, 1966, and quadrennially thereafter. Such officers shall hold their respective offices from the Wednesday following the first Monday of the January next succeeding their election until the Wednesday following the first Monday of the fifth January succeeding their election and until their successors are duly qualified.

2022

See also: Connecticut Treasurer election, 2022

General election

General election for Connecticut Treasurer

Erick Russell defeated Harry Arora, Jennifer Baldwin, and JoAnna Laiscell in the general election for Connecticut Treasurer on November 8, 2022.

Candidate
%
Votes
Image of Erick Russell
Erick Russell (D / Working Families Party)
 
52.4
 
652,031
Image of Harry Arora
Harry Arora (R) Candidate Connection
 
44.9
 
559,123
Image of Jennifer Baldwin
Jennifer Baldwin (Independent Party) Candidate Connection
 
2.0
 
24,709
Silhouette Placeholder Image.png
JoAnna Laiscell (L)
 
0.7
 
8,564

Total votes: 1,244,427
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for Connecticut Treasurer

Erick Russell defeated Dita Bhargava and Karen DuBois-Walton in the Democratic primary for Connecticut Treasurer on August 9, 2022.

Candidate
%
Votes
Image of Erick Russell
Erick Russell
 
57.5
 
63,808
Image of Dita Bhargava
Dita Bhargava
 
22.8
 
25,282
Silhouette Placeholder Image.png
Karen DuBois-Walton
 
19.7
 
21,853

Total votes: 110,943
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

The Republican primary election was canceled. Harry Arora advanced from the Republican primary for Connecticut Treasurer.

2018

See also: Connecticut Treasurer election, 2018

General election

General election for Connecticut Treasurer

Shawn Wooden defeated Thad Gray and Jesse Brohinsky in the general election for Connecticut Treasurer on November 6, 2018.

Candidate
%
Votes
Image of Shawn Wooden
Shawn Wooden (D)
 
55.1
 
748,091
Image of Thad Gray
Thad Gray (R)
 
43.6
 
592,811
Silhouette Placeholder Image.png
Jesse Brohinsky (L)
 
1.1
 
15,514
 Other/Write-in votes
 
0.2
 
2,196

Total votes: 1,358,612
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for Connecticut Treasurer

Shawn Wooden defeated Dita Bhargava in the Democratic primary for Connecticut Treasurer on August 14, 2018.

Candidate
%
Votes
Image of Shawn Wooden
Shawn Wooden
 
56.8
 
116,167
Image of Dita Bhargava
Dita Bhargava
 
43.2
 
88,298

Total votes: 204,465
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Republican primary election

Republican primary for Connecticut Treasurer

Thad Gray defeated Art Linares in the Republican primary for Connecticut Treasurer on August 14, 2018.

Candidate
%
Votes
Image of Thad Gray
Thad Gray
 
56.0
 
74,042
Image of Art Linares
Art Linares
 
44.0
 
58,087

Total votes: 132,129
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2014

See also: Connecticut down ballot state executive elections, 2014
Connecticut Treasurer, 2014
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngDenise Nappier Incumbent 50.9% 533,182
     Republican Tim Herbst 49.1% 514,402
     Nonpartisan Write-in votes 0% 119
Total Votes 1,047,703
Election results via Connecticut Secretary of State

Term limits

There are no term limits for this office.

Vacancies

If the office of treasurer becomes vacant, the legislature jointly appoints a replacement; if the legislature is out of session the governor fills the vacancy.[2]

General Statutes of Connecticut, 9-146-213

If the office of the Treasurer becomes vacant, the General Assembly, if in session, shall fill the vacancy for the unexpired portion of the term. (2) If the vacancy occurs when the General Assembly is not in session, or if the General Assembly fails to make an appointment to fill the vacancy and the vacancy does not occur in the year in which a state election is to be held for the office of the Treasurer, the Governor shall appoint a person to serve as acting Treasurer until the next regular session of the General Assembly at which time the Governor shall nominate a successor for the office of Treasurer who shall be subject to approval by the General Assembly. (3) If the vacancy occurs when the General Assembly is not in session or if the General Assembly fails to make an appointment to fill the vacancy and the vacancy occurs in the year in which a state election is to be held for the office of the Treasurer, the Deputy Treasurer shall fill the vacancy for the unexpired portion of the term.

Duties

The responsibilities of the treasurer include, but are not limited to:[3]

  • Cash management
  • Investment of retirement funds
  • Investment of trust funds
  • Management of bonded debt
  • Bond issuance
  • Debt service
  • Arbitrage rebate
  • Banking services
  • Unclaimed property
  • College savings
  • Local government investment pool

Divisions

As of January 14, 2021, divisions within the Treasurer's Office included:[4]

  • Cash Management
  • Debt Management
  • Management Services
  • Pension Funds
  • Second Injury Fund
  • Unclaimed Property

State budget

See also: Connecticut state budget and finances

The budget for the Treasurer's Office in the 2024 Fiscal Year was $3,856,000.[5]

Compensation

See also: Compensation of state executive officers

The salaries of Connecticut's elected state executives are determined by law as mandated by the Connecticut Constitution.[6] Article IV, Section 7 of the state Constitution also requires all changes in salary to take effect following the next election for the affected offices:

Text of Section 7:

The compensations of the governor and lieutenant-governor shall be established by law, and shall not be varied so as to take effect until after an election, which shall next succeed the passage of the law establishing such compensations.

2022

In 2022, the officer's salary was $110,000, according to the Council of State Governments.[7]

2021

In 2021, the treasurer received a salary of $110,000, according to the Council of State Governments.[8]

2020

In 2020, the treasurer received a salary of $110,000 according to the Council of State Governments.[9]

2019

In 2019, the treasurer received a salary of $119,625 according to the Council of State Governments.[10]

2018

In 2018, the treasurer received a salary of $110,000 according to the Council of State Governments.[11]

2017

In 2017, the treasurer received a salary of $110,000 according to the Council of State Governments.[12]

2016

In 2016, the treasurer received a salary of $110,000 according to the Council of State Governments.[13]

2015

In 2015, the treasurer received a salary of $110,000 according to the Council of State Governments.[14]

2014

In 2014, the treasurer received a salary of $110,000 according to the Council of State Governments.[15]

2013

In 2013, the treasurer received a salary of $110,000 according to the Council of State Governments.[16]

2012

In 2012, the treasurer received a salary of $110,000 according to the Council of State Governments.

Historical officeholders

Click "show" for a list of officeholders.

Recent news

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

Contact information

Connecticut State Treasurer's Office
165 Capitol Avenue, 2nd Floor
Hartford CT 06106

Phone: 860-702-3000

See also

Connecticut State Executive Elections News and Analysis
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External links

Footnotes

  1. The Council of State Governments, "Book of States 2011- Table 4.25," accessed January 14, 2021
  2. General Statutes of Connecticut, "9-146-213," accessed January 14, 2021
  3. The Council of State Governments, "Book of States 2011- Table 4.26," accessed January 14, 2021
  4. Connecticut Treasurer, "Operating Divisions," accessed January 14, 2021
  5. Connecticut Office of Policy and Management, "2024-2025 Biennial Budget," accessed December 6, 2023
  6. Connecticut General Assembly, "2012 Connecticut General Statutes," accessed January 14, 2021
  7. Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
  8. Issuu, "The Book of the States 2021," accessed September 22, 2022
  9. Council of State Governments, "The Book of the States 2020," accessed January 14, 2021
  10. Council of State Governments, "The Book of the States 2019," accessed January 14, 2021
  11. Council of State Governments, "The Book of the States 2018," accessed January 14, 2021
  12. Council of State Governments, "The Book of the States 2017," accessed January 14, 2021
  13. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
  14. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
  15. Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
  16. The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014