Vermont Treasurer election, 2024

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2022
Vermont Treasurer
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Election details
Filing deadline: May 30, 2024
Primary: August 13, 2024
General: November 5, 2024
How to vote
Poll times: Open between 5 a.m. to 10 a.m.; close at 7 p.m.
Voting in Vermont
Ballotpedia analysis
Federal and state primary competitiveness
State executive elections in 2024
Impact of term limits in 2024
State government trifectas
State government triplexes
Ballotpedia's Election Analysis Hub, 2024
Vermont
executive elections
Governor

Lieutenant Governor
Attorney General
Secretary of State
Auditor
Treasurer

Vermont held an election for treasurer on November 5, 2024. The primary was August 13, 2024. The filing deadline was May 30, 2024.

Incumbent Michael Pieciak won election in the general election for Vermont Treasurer.

Candidates and election results

General election

General election for Vermont Treasurer

Incumbent Michael Pieciak defeated Joshua Bechhoefer in the general election for Vermont Treasurer on November 5, 2024.

Candidate
%
Votes
Image of Michael Pieciak
Michael Pieciak (D)
 
60.3
 
209,488
Image of Joshua Bechhoefer
Joshua Bechhoefer (R) Candidate Connection
 
39.1
 
135,929
 Other/Write-in votes
 
0.6
 
2,025

Total votes: 347,442
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Democratic primary election

Democratic primary for Vermont Treasurer

Incumbent Michael Pieciak advanced from the Democratic primary for Vermont Treasurer on August 13, 2024.

Candidate
%
Votes
Image of Michael Pieciak
Michael Pieciak
 
99.5
 
45,358
 Other/Write-in votes
 
0.5
 
221

Total votes: 45,579
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

Republican primary for Vermont Treasurer

Joshua Bechhoefer advanced from the Republican primary for Vermont Treasurer on August 13, 2024.

Candidate
%
Votes
Image of Joshua Bechhoefer
Joshua Bechhoefer Candidate Connection
 
97.3
 
19,286
 Other/Write-in votes
 
2.7
 
542

Total votes: 19,828
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Vermont Progressive Party primary election

Vermont Progressive Party primary for Vermont Treasurer

Tim Maciel advanced from the Vermont Progressive Party primary for Vermont Treasurer on August 13, 2024.

Candidate
%
Votes
Image of Tim Maciel
Tim Maciel
 
87.2
 
285
 Other/Write-in votes
 
12.8
 
42

Total votes: 327
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Ballotpedia's Candidate Connection survey responses

Ballotpedia asks all federal, state, and local candidates to complete a survey and share what motivates them on political and personal levels. The section below shows responses from candidates in this race who completed Ballotpedia's Candidate Connection survey. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well.

Survey responses from candidates in this race

Click on a candidate's name to visit their Ballotpedia page.

Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. Ballotpedia does not edit or correct typographical errors unless the candidate's campaign requests it.

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Unfunded pension liabilities, the state pension system are a concerning symptom of Vermont's gridlock. Over 8.3 billion dollars in unfunded pension liabilities (17.4% of GDP, one of the highest ratios in the nation) dent our bond rating. If we had an option for a defined contribution plan, we could eliminate substantial spending, and take those liabilities off the books. They are also a more versatile option for state employees not looking to be fully vested in the pension system. Prefunding OPEBs would also reduce our costs when it comes to health insurance.

Vermont would benefit immensely from the chartering of a state bank. North Dakota is presently the only state with a state bank, which has augmented the financial performance of the state by investing in rural infrastructure, agriculture, and other developments beneficial to the state in the long run. The state bank also turns a surplus every year, acts as a depository for state funds, and plays a role in balancing their budget. Vermont could implement this institution and have more financial sovereignty and resources at its disposal.

Vermont lacks a treasurer dedicated to transparency and due diligence. As treasurer, I would go further in publishing data on where our money goes and efforts to root out inefficiency in government. I would recommend structural changes to how we spend money, like ending our "paygo" system post-employment benefits for a pre funded system, which would save us money and help Vermonters in the long run. The office of treasurer should be above politics, right now it's a political football.
Fiscal policy, taxation, regulatory reform. Anything that help the average Vermonter.
The treasurer has their finger on the pulse of the state coffers' solvency, and they can structure the debt of the state to promote sustainability. They make recommendations to legislature based on their firsthand experience of managing the treasury and issuing bonds to finance the operations of state government.
George Aiken, the quintessential Vermonter. He put the people's wellbeing above everything in public service, and steered Vermont through the Great Depression to a large extent. He would later be a steady hand in Senate during the Vietnam War
I won't recommend a tome. Vrest Orton's Personal Observations on the Republic of Vermont is an essential read for all Vermonters to understand what heritage we safeguard.
Diligence, ability to compromise, being a fierce friend of the electorate, empathy, wisdom. Above all perhaps tenacity to keep coming back for the people who elected you.
Simply not caring about advancement for advancement's sake, which is lost in Vermont politics, is a quality I possess that is as important as financial acumen, diligence, and thrift. I want to be treasurer because I want to steward the state treasury, not to do something else beyond that.
I believe they must exhibit a flawless record of diligence in financial affairs of the state. They must be willing to put the position above politics, and not allow it to become a political football.
Putting treasury above politics. A sustainable future for the children of Vermont and their children. It's a tall order, but it can be achieved with discipline and compromise.
I am a young candidate, but I do remember Jim Douglas suing international paper and the state of New York over tire burnings, this left an impression on me at a young age. I don't remember exactly how old, but I was in elementary school.
My first job was as a carpenter, I worked it through the summer to help pay for college. It taught me that a dollar is the hardest thing to earn.
The Count of Monte Cristo. Never ever give up, and when you succeed, don't let anything consume you despite what you might feel is right. it's also just a fantastic story.
Not that I would want to be him, but I empathize with Don Quixote. I would rather live in a world of idealism and romance, not gritty realism.
Finding out what I want to do in life as a young person has always been a struggle. I changed majors a few times in college, but landed on something I care about.
Ensuring sustainability and trust in the office so that the future can enjoy the same wellbeing as the current generation. Irresponsibility in treasury is not an option, we must be proactive in communicating and working to make Vermont's budget workable for the far future, not just to ensure bond agency ratings stay stable year to year.
The state treasurer manages all the state investments and issues bonds. Therefore it should be a position above politics, not subject to hobby horse issues or pet politics. In this role I would act as a fiduciary for the state of Vermont, and put it above politics. Our children will inherit this system, so we need to give them something that will benefit them, not act as a ball and chain.
No. The state treasurer must have financial experience, be diligent, and have experience in meeting the disparate needs of a large organization like a state. I have all of that experience.
As someone in agricultural finance, I know that a dollar is the hardest thing to earn. I have an understanding of the banking system, economic policy, and statistically driven solutions. Furthermore, as a young candidate I believe strongly in crafting a future we would want our children to inherit. I refuse to allow short-term, selfish thinking with state money that is politically convenient in the moment to impede long-run sustainability.
I thought I had a Gouda joke, but it was too cheesy.
That we don't have enough of it. Mike Pieciak has demonstrated a lack of initiative during his tenure in financial regulation, and he has not weighed in on the profligacy of legislature. A government official should advocate thrift and ensure transparency and accountability is there to make sure the government spends funds wisely. The treasurer in particular should be above politics and focus on this role chiefly among the other jobs of treasurer.
I believe we should have a state ballot initiative to implement a state bank. North Dakota currently has a state bank that is largely popular among their taxpayers because it provides much needed lending services to rural infrastructure, agriculture, and other key development. It can also aid in balancing the budget, and would improve the viability of our many small banks by engaging in loan participations with those banks and spread risk out. The Bank of North Dakota currently turns a profit every year to the benefit of taxpayers.


Past elections

The section below details election results for this office in elections dating back to 2018.

2022

See also: Vermont Treasurer election, 2022

General election

General election for Vermont Treasurer

Michael Pieciak defeated H. Brooke Paige in the general election for Vermont Treasurer on November 8, 2022.

Candidate
%
Votes
Image of Michael Pieciak
Michael Pieciak (D) Candidate Connection
 
65.6
 
182,571
Image of H. Brooke Paige
H. Brooke Paige (R)
 
34.3
 
95,440
 Other/Write-in votes
 
0.1
 
347

Total votes: 278,358
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Withdrawn or disqualified candidates

Democratic primary election

Democratic primary for Vermont Treasurer

Michael Pieciak advanced from the Democratic primary for Vermont Treasurer on August 9, 2022.

Candidate
%
Votes
Image of Michael Pieciak
Michael Pieciak Candidate Connection
 
99.3
 
81,428
 Other/Write-in votes
 
0.7
 
570

Total votes: 81,998
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Republican primary election

Republican primary for Vermont Treasurer

H. Brooke Paige advanced from the Republican primary for Vermont Treasurer on August 9, 2022.

Candidate
%
Votes
Image of H. Brooke Paige
H. Brooke Paige
 
97.0
 
22,482
 Other/Write-in votes
 
3.0
 
698

Total votes: 23,180
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Vermont Progressive Party primary election

Vermont Progressive Party primary for Vermont Treasurer

Don Schramm advanced from the Vermont Progressive Party primary for Vermont Treasurer on August 9, 2022.

Candidate
%
Votes
Silhouette Placeholder Image.png
Don Schramm
 
94.8
 
475
 Other/Write-in votes
 
5.2
 
26

Total votes: 501
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2020

See also: Vermont Treasurer election, 2020

General election

General election for Vermont Treasurer

Incumbent Elizabeth Pearce defeated Carolyn Whitney Branagan, Alex Wright, and Cris Ericson in the general election for Vermont Treasurer on November 3, 2020.

Candidate
%
Votes
Image of Elizabeth Pearce
Elizabeth Pearce (D)
 
57.4
 
197,255
Image of Carolyn Whitney Branagan
Carolyn Whitney Branagan (R)
 
33.2
 
114,177
Silhouette Placeholder Image.png
Alex Wright (Independent)
 
5.2
 
17,939
Image of Cris Ericson
Cris Ericson (Vermont Progressive Party)
 
4.1
 
14,142
 Other/Write-in votes
 
0.1
 
332

Total votes: 343,845
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

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Democratic primary election

Democratic primary for Vermont Treasurer

Incumbent Elizabeth Pearce advanced from the Democratic primary for Vermont Treasurer on August 11, 2020.

Candidate
%
Votes
Image of Elizabeth Pearce
Elizabeth Pearce
 
99.6
 
96,088
 Other/Write-in votes
 
0.4
 
392

Total votes: 96,480
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

Republican primary for Vermont Treasurer

Carolyn Whitney Branagan advanced from the Republican primary for Vermont Treasurer on August 11, 2020.

Candidate
%
Votes
Image of Carolyn Whitney Branagan
Carolyn Whitney Branagan
 
97.1
 
41,023
 Other/Write-in votes
 
2.9
 
1,222

Total votes: 42,245
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Vermont Progressive Party primary election

Vermont Progressive Party primary for Vermont Treasurer

Cris Ericson advanced from the Vermont Progressive Party primary for Vermont Treasurer on August 11, 2020.

Candidate
%
Votes
Image of Cris Ericson
Cris Ericson
 
58.1
 
411
 Other/Write-in votes
 
41.9
 
297

Total votes: 708
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2018

See also: Vermont Treasurer election, 2018

General election

General election for Vermont Treasurer

Incumbent Elizabeth Pearce defeated Richard Morton in the general election for Vermont Treasurer on November 6, 2018.

Candidate
%
Votes
Image of Elizabeth Pearce
Elizabeth Pearce (D)
 
67.6
 
179,451
Image of Richard Morton
Richard Morton (R)
 
32.3
 
85,824
 Other/Write-in votes
 
0.1
 
161

Total votes: 265,436
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Withdrawn or disqualified candidates

Democratic primary election

Democratic primary for Vermont Treasurer

Incumbent Elizabeth Pearce advanced from the Democratic primary for Vermont Treasurer on August 14, 2018.

Candidate
%
Votes
Image of Elizabeth Pearce
Elizabeth Pearce
 
100.0
 
58,379

Total votes: 58,379
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.

Republican primary election

Republican primary for Vermont Treasurer

H. Brooke Paige advanced from the Republican primary for Vermont Treasurer on August 14, 2018.

Candidate
%
Votes
Image of H. Brooke Paige
H. Brooke Paige
 
100.0
 
20,313

Total votes: 20,313
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey.

Do you want a spreadsheet of this type of data? Contact our sales team.



Election analysis

Click the tabs below to view information about demographics, past elections, and partisan control of the state.

  • Presidential elections - Information about presidential elections in the state.
  • Statewide elections - Information about recent U.S. Senate and gubernatorial elections in the state.
  • State partisanship - The partisan makeup of the state's congressional delegation and state government.
  • Demographics - Information about the state's demographics and how they compare to the country as a whole.


See also: Presidential voting trends in Vermont and The Cook Political Report's Partisan Voter Index

Cook PVI by congressional district

Cook Political Report's Partisan Voter Index for Vermont, 2024
District Incumbent Party PVI
Vermont's At-Large Becca Balint Electiondot.png Democratic D+16


2020 presidential results by 2024 congressional district lines

2020 presidential results in congressional districts based on 2024 district lines, Vermont[1]
District Joe Biden Democratic Party Donald Trump Republican Party
Vermont's At-Large 66.4% 30.8%


2012-2020

How a state's counties vote in a presidential election and the size of those counties can provide additional insights into election outcomes at other levels of government including statewide and congressional races. Below, four categories are used to describe each county's voting pattern over the 2012, 2016, and 2020 presidential elections: Solid, Trending, Battleground, and New. Click [show] on the table below for examples:


Following the 2020 presidential election, 99.1% of Vermonters lived in one of the state's 13 Solid Democratic counties, which voted for the Democratic presidential candidate in every election from 2012 to 2020, and 0.9% lived Essex County, the state's one Trending Republican county. Overall, Vermont was Solid Democratic, having voted for Barack Obama (D) in 2012, Hillary Clinton (D) in 2016, and Joe Biden (D) in 2020. Use the table below to view the total number of each type of county in Vermont following the 2020 election as well as the overall percentage of the state population located in each county type.

Historical voting trends

Vermont presidential election results (1900-2020)

  • 9 Democratic wins
  • 22 Republican wins
Year 1900 1904 1908 1912 1916 1920 1924 1928 1932 1936 1940 1944 1948 1952 1956 1960 1964 1968 1972 1976 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020
Winning Party R R R R R R R R R R R R R R R R D R R R R R R D D D D D D D D

This section details the results of the five most recent U.S. Senate and gubernatorial elections held in the state.

U.S. Senate elections

See also: List of United States Senators from Vermont

The table below details the vote in the five most recent U.S. Senate races in Vermont.

U.S. Senate election results in Vermont
Race Winner Runner up
2022 68.5%Democratic Party 28.0%Republican Party
2018 67.4%Grey.png (Independent) 27.5%Republican Party
2016 61.3%Democratic Party 33.0%Republican Party
2012 71.0%Grey.png (Independent) 24.9%Republican Party
2010 64.4%Democratic Party 30.9%Republican Party
Average 65.9 29.7

Gubernatorial elections

See also: Governor of Vermont

The table below details the vote in the five most recent gubernatorial elections in Vermont.

Gubernatorial election results in Vermont
Race Winner Runner up
2022 71.0%Republican Party 24.0%Grey.png (Progressive Party)
2020 68.5%Republican Party 27.3%Grey.png (Progressive Party)
2018 55.2%Republican Party 40.2%Democratic Party
2016 52.9%Republican Party 44.2%Democratic Party
2014 46.4%Democratic Party 45.1%Republican Party
Average 56.2 38.9
See also: Party control of Vermont state government

Congressional delegation

The table below displays the partisan composition of Vermont's congressional delegation as of May 2024.

Congressional Partisan Breakdown from Vermont
Party U.S. Senate U.S. House Total
Democratic 1 1 2
Republican 0 0 0
Independent 1 0 1
Vacancies 0 0 0
Total 2 1 3

State executive

The table below displays the officeholders in Vermont's top four state executive offices as of May 2024.

State executive officials in Vermont, May 2024
Office Officeholder
Governor Republican Party Phil Scott
Lieutenant Governor Democratic Party David Zuckerman
Secretary of State Democratic Party Sarah Copeland Hanzas
Attorney General Democratic Party Charity Clark

State legislature

Vermont State Senate

Party As of February 2024
     Democratic Party 22
     Republican Party 7
     Vermont Progressive Party 1
     Other 0
     Vacancies 0
Total 30

Vermont House of Representatives

Party As of February 2024
     Democratic Party 106
     Republican Party 37
     Vermont Progressive Party 3
     Independent 3
     Libertarian Party 1
     Other 0
     Vacancies 0
Total 150

Trifecta control

The table below shows the state's trifecta status from 1992 until the 2024 election.

Vermont Party Control: 1992-2024
Ten years of Democratic trifectas  •  No Republican trifectas
Scroll left and right on the table below to view more years.

Year 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Governor D D D D D D D D D D D R R R R R R R R D D D D D D R R R R R R R R
Senate D R R R R D D D D D D D D D D D D D D D D D D D D D D D D D D D D
House R D D D D D D D D R R R R D D D D D D D D D D D D D D D D D D D D

The table below details demographic data in Vermont and compares it to the broader United States as of 2022.

Demographic Data for Vermont
Vermont United States
Population 643,077 331,449,281
Land area (sq mi) 9,217 3,531,905
Race and ethnicity**
White 92.3% 65.9%
Black/African American 1.2% 12.5%
Asian 1.7% 5.8%
Native American 0.2% 0.8%
Pacific Islander 0% 0.2%
Two or more 4% 8.8%
Hispanic/Latino 2.1% 18.7%
Education
High school graduation rate 94.2% 89.1%
College graduation rate 41.7% 34.3%
Income
Median household income $74,014 $75,149
Persons below poverty level 5.9% 8.8%
Source: population provided by U.S. Census Bureau, "Decennial Census" (2020). Other figures provided by U.S. Census Bureau, "American Community Survey" (5-year estimates 2017-2022).
**Note: Percentages for race and ethnicity may add up to more than 100 percent because respondents may report more than one race and the Hispanic/Latino ethnicity may be selected in conjunction with any race. Read more about race and ethnicity in the census here.

About state financial officers (SFO's)

Environmental, social, and corporate governance
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What is ESG?
Arguments for and against ESG
Opposition to ESG
Economy and Society: Ballotpedia's weekly ESG newsletter
State financial officer stances on ESG, 2022-2023

Different states have different names for state financial officers, but they all fall into three groups: treasurers, auditors, and controllers.

Broadly, these officials are responsible for things like auditing other government offices, managing payroll, and overseeing pensions. In some states, certain SFOs are also responsible for investing state retirement and trust funds, meaning they decide where that public money goes.

Because of the role SFOs play in managing public investments, they have been involved in debates over environmental, social, and corporate governance (ESG). ESG refers to an investment or corporate governance approach that involves considering the extent to which corporations conform to certain standards related to environmental, social, and corporate governance issues (such as net carbon emission or corporate board diversity goals) and making business and investment decisions that promote those standards.

See also

Vermont State Executive Elections News and Analysis
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Vermont State Executive Offices
Vermont State Legislature
Vermont Courts
202420232022202120202019201820172016
Vermont elections: 202420232022202120202019201820172016
Party control of state government
State government trifectas
State of the state addresses
Partisan composition of governors

External links

Footnotes