Washington Treasurer

Washington Treasurer
General information
Office Type:	Partisan
Office website:	Official Link
Compensation:	$153,615
2024-25 FY Budget:	$23,658,000
Term limits:	None
Structure
Length of term:	4 years
Authority:	Washington Constitution, Article 3, Section 2
Selection Method:	Elected
Current Officeholder
Washington Treasurer Mike Pellicciotti Democratic Party Assumed office: January 11, 2021
Elections
Next election:	November 7, 2028
Last election:	November 5, 2024
Other Washington Executive Offices
Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education• • Agriculture Commissioner • Insurance Commissioner• Natural Resources Commissioner• Labor Commissioner• Public Service Commissioner

The Washington Treasurer is a state executive position in the Washington state government. As the state's chief financial office, the treasurer manages the cash flow, investments, and debt of all major state accounts. The treasurer also serves on the State Investment Board, providing guidance for the management of long-term debt and investments.

Current officeholder

The current officeholder is Mike Pellicciotti (D). He was elected in 2020 and assumed office on January 11, 2021.

Authority

Article 3 of the state Constitution establishes the state's executive offices.

Article III, Section 2:

Executive Department. The executive department shall consist of a governor, lieutenant governor, secretary of state, treasurer, auditor, attorney general, superintendent of public instruction, and a commissioner of public lands, who shall be severally chosen by the qualified electors of the state at the same time and place of voting as for the members of the legislature.

Qualifications

Article 3, Section 25 of the state Constitution establishes the qualifications of the office:

• a citizen of the United States
• a qualified elector in Washington

Qualifications, Compensation, Offices Which May Be Abolished. No person, except a citizen of the United States and a qualified elector of this state, shall be eligible to hold any state office.

Elections

In Washington, the treasurer is elected every four years. Elections are held in November and the winner assumes office the following January, serving until a successor is elected and qualified.

2024

See also: Washington Treasurer election, 2024

General election candidates

• Mike Pellicciotti  (Incumbent) (Democratic Party) ✔
• Sharon Hanek  (Republican Party)

Primary candidates

• Mike Pellicciotti  (Incumbent) (Democratic Party) ✔
• Sharon Hanek  (Republican Party) ✔

2020

See also: Washington Treasurer election, 2020

General election candidates

• Duane Davidson  (Incumbent) (Republican Party)
• Mike Pellicciotti  (Democratic Party) ✔

Primary candidates

• Duane Davidson  (Incumbent) (Republican Party) ✔
• Mike Pellicciotti  (Democratic Party) ✔

2016

See also: Washington Treasurer election, 2016

The general election for treasurer was held on November 8, 2016.

Duane Davidson defeated Michael Waite in the Washington treasurer election.

Washington Treasurer, 2016
Party		Candidate	Vote %	Votes
	Republican	Duane Davidson	58.15%	1,576,580
	Republican	Michael Waite	41.85%	1,134,843
Total Votes				2,711,423
Source: Washington Secretary of State

Full history

To view the electoral history dating back to 2000 for the office of Washington Treasurer, click [show] to expand the section.

2012 See also: Washington down ballot state executive elections, 2012 Incumbent James McIntire (D) won re-election on November 6, 2012. He defeated one challenger, Republican Sharon Hanek. 2012 General Election Results for Washington Treasurer Washington Treasurer General Election, 2012 Party Candidate Vote % Votes      Democratic James McIntire Incumbent 58.7% 1,695,401      Republican Sharon Hanek 41.3% 1,192,150 Total Votes 2,887,551 Election results via Washington Secretary of State 2008 On November 4, 2008, James McIntire won election to the office of Washington Treasurer. He defeated Allan Martin (R) in the general election. Washington Treasurer, 2008 Party Candidate Vote % Votes      Democratic James McIntire 51.1% 1,420,022      Republican Allan Martin 48.9% 1,360,063 Total Votes 2,780,085 Election results via Washington Secretary of State. 2004 On November 2, 2004, Mike Murphy (Washington) won re-election to the office of Washington Treasurer. He defeated Oscar S. Lewis (R) and John Sample (L) in the general election. Washington Treasurer, 2004 Party Candidate Vote % Votes      Democratic Mike Murphy (Washington) Incumbent 60.3% 1,575,499      Republican Oscar S. Lewis 36% 941,754      Libertarian John Sample 3.7% 96,144 Total Votes 2,613,397 Election results via Washington Secretary of State. 2000 On November 7, 2000, Mike Murphy (Washington) won re-election to the office of Washington Treasurer. He defeated Diane Rhoades (R) and Tim Perman (L) in the general election. Washington Treasurer, 2000 Party Candidate Vote % Votes      Democratic Mike Murphy (Washington) Incumbent 55.8% 1,266,969      Republican Diane Rhoades 39.9% 905,401      Libertarian Tim Perman 4.3% 96,910 Total Votes 2,269,280 Election results via Washington Secretary of State.

Vacancies

Article 3, Section 13 of the state constitution establishes the vacancy procedures for this office. In the event of a vacancy, the governor fills the vacancy by appointment. The term of the appointee expires when a successor has been elected.

When, during a recess of the legislature, a vacancy shall happen in any office, the appointment to which is vested in the legislature, or when at any time a vacancy shall have occurred in any other state office, for the filling of which vacancy no provision is made elsewhere in this Constitution, the governor shall fill such vacancy by appointment, which shall expire when a successor shall have been elected and qualified.

Duties

The specific duties of the treasurer are outlined in Chapter 43 of the Revised Code of Washington:

“

Receive and keep all moneys of the state in the manner provided in RCW 43.88.160, as now or hereafter amended; Disburse the public moneys only upon warrants or checks drawn upon the treasurer in the manner provided by law; Account for moneys in the manner provided by law; Render accounts in the manner provided by law; Indorse on each warrant when required by law, the date of payment, the amount of the principal, and the interest due on that date; Report annually to the legislature a detailed statement of the condition of the treasury, and of its operations for the preceding fiscal year; Give information, in writing, to either house of the legislature, whenever required, upon any subject connected with the treasury, or touching any duty of his or her office; Account for and pay over all moneys on hand to his or her successor in office, and deliver all books, vouchers, and effects of office to him or her, who shall receipt therefore; Upon payment of any warrant, or check, take upon the back thereof the indorsement of the person to whom it is paid.

”

The treasurer also sits on the State Investment Board, Housing Finance Commission, State Finance Committee, Public Deposit Protection Commission, GET Board, and the Economic Development Finance Authority.

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 Washington 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, please email us.

State budget

See also: Washington state budget and finances

The budget for the Treasurer's Office in Fiscal Year 2024-2025 was $23,658,000.

Compensation

See also: Compensation of state executive officers

Article III, Section 19 of the state constitution initially set the annual salary of the treasurer at $2,000 but allowed for the state legislature to increase it.

2022

In 2022, the officer's salary was $153,615, according to the Council of State Governments.

2021

In 2021, the treasurer received a salary of $153,615, according to the Council of State Governments.

2020

In 2020, the treasurer received a salary of $149,103 according to the Council of State Governments.

2019

In 2019, the treasurer received a salary of $144,679 according to the Council of State Governments.

2018

In 2018, the treasurer received a salary of $143,247 according to the Council of State Governments.

2017

In 2017, the treasurer received a salary of $140,438 according to the Council of State Governments.

2016

In 2016, the treasurer received a salary of $133,750 according to the Council of State Governments.

2015

In 2015, the treasurer received a salary of $125,000 according to the Council of State Governments.

2014

In 2014, the treasurer was paid an estimated $116,950 according to the Council of State Governments.

2013

In 2013, the treasurer was paid an estimated $116,950 according to the Council of State Governments.

2012

In 2012, the treasurer was paid an estimated $113,436 according to the Council of State Governments.

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Washington Treasurer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Contact information

Washington State Treasurer
416 Sid Snyder Building Avenue SW
Legislative Building, Room 230
Olympia Washington, WA 98504

• Phone: (360) 902-9000

External links

Suggest a link

• Office of the State Treasurer of Washington