Colorado Treasurer
Colorado Treasurer | |
General information | |
Office Type: | Partisan |
Office website: | Official Link |
Compensation: | $93,360 |
2024 FY Budget: | $781,549,404 |
Term limits: | Two consecutive terms |
Structure | |
Length of term: | 4 years |
Authority: | Colorado Constitution, Article IV, Section 1 |
Selection Method: | Elected |
Current Officeholder | |
Colorado Treasurer
Dave Young | |
Elections | |
Next election: | November 3, 2026 |
Last election: | November 8, 2022 |
Other Colorado Executive Offices | |
Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Controller • Commissioner of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Exec. Director • Labor Executive Director • Public Utilities Commission • Colorado State Board of Regents |
The Treasurer of the State of Colorado is an elected executive officer in the Colorado government and the state's chief financial officer. The treasurer oversees the Department of the Treasury, which acts as the state government's bank. The treasury receives all revenues (taxes, fees, etc.), manages the state's investment funds and disburses money based on warrants (checks) drawn against the treasury. Treasurers are elected to four-year terms in federal midterm election years.
Current officeholder
The current treasurer is Dave Young (D), who was first elected on November 6, 2018, and took office on January 8, 2019. [1]
Authority
The state Constitution establishes the office of treasurer in Article IV, the Executive Department.
Colorado Constitution, Article IV, Section 1
(1) The executive department shall include the governor, lieutenant governor, secretary of state, state treasurer, and attorney general, each of whom shall hold his office for the term of four years, commencing on the second Tuesday of January in the year 1967, and each fourth year thereafter. They shall perform such duties as are prescribed by this constitution or by law. |
Qualifications
Treasurers must be at least 25 years old, a citizen of the United States, and a resident of Colorado for two years preceding election.
Colorado Constitution, Article IV, Section 4
No person shall be eligible to the office of governor or lieutenant governor unless he shall have attained the age of thirty years, nor to the office of secretary of state or state treasurer unless he shall have attained the age of twentyfive years... no person shall be eligible to any one of said offices unless, in addition to the qualifications above prescribed therefore, he shall be a citizen of the United States, and have resided within the limits of the state two years next preceding his election. |
Elections
Treasurers are elected to four-year terms during federal midterm election years (2018, 2022, 2026, etc.). The candidate that earns a plurality of the votes is the winner, and, per Article IV, Section 1 of the state Constitution, assumes office on the second Tuesday of January in the year following the election.
Colorado Constitution, Article IV, Section 1
(1) The executive department shall include the governor, lieutenant governor, secretary of state, state treasurer, and attorney general, each of whom shall hold his office for the term of four years, commencing on the second Tuesday of January in the year 1967, and each fourth year thereafter. |
2022
- See also: Colorado Treasurer election, 2022
General election
General election for Colorado Treasurer
Incumbent Dave Young defeated Lang Sias and Anthony Delgado in the general election for Colorado Treasurer on November 8, 2022.
Candidate | % | Votes | ||
✔ | Dave Young (D) | 53.7 | 1,312,705 | |
Lang Sias (R) | 43.0 | 1,052,337 | ||
Anthony Delgado (L) | 3.3 | 80,770 |
Total votes: 2,445,812 | ||||
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Democratic primary election
Democratic primary for Colorado Treasurer
Incumbent Dave Young advanced from the Democratic primary for Colorado Treasurer on June 28, 2022.
Candidate | % | Votes | ||
✔ | Dave Young | 100.0 | 499,229 |
Total votes: 499,229 | ||||
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Republican primary election
Republican primary for Colorado Treasurer
Lang Sias advanced from the Republican primary for Colorado Treasurer on June 28, 2022.
Candidate | % | Votes | ||
✔ | Lang Sias | 100.0 | 502,175 |
Total votes: 502,175 | ||||
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2018
- See also: Colorado Treasurer election, 2018
General election
General election for Colorado Treasurer
Dave Young defeated Brian Watson and Gerald Kilpatrick in the general election for Colorado Treasurer on November 6, 2018.
Candidate | % | Votes | ||
✔ | Dave Young (D) | 52.2 | 1,292,281 | |
Brian Watson (R) | 44.9 | 1,111,641 | ||
Gerald Kilpatrick (American Constitution Party) | 2.8 | 70,475 |
Total votes: 2,474,397 | ||||
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Democratic primary election
Democratic primary for Colorado Treasurer
Dave Young defeated Bernard Douthit in the Democratic primary for Colorado Treasurer on June 26, 2018.
Candidate | % | Votes | ||
✔ | Dave Young | 67.5 | 363,295 | |
Bernard Douthit | 32.5 | 175,116 |
Total votes: 538,411 | ||||
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Republican primary election
Republican primary for Colorado Treasurer
Brian Watson defeated Justin Everett and Polly Lawrence in the Republican primary for Colorado Treasurer on June 26, 2018.
Candidate | % | Votes | ||
✔ | Brian Watson | 38.0 | 171,823 | |
Justin Everett | 36.9 | 167,045 | ||
Polly Lawrence | 25.1 | 113,673 |
Total votes: 452,541 | ||||
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2014
Treasurer of Colorado, 2014 | ||||
---|---|---|---|---|
Party | Candidate | Vote % | Votes | |
Republican | Walker Stapleton Incumbent | 49.9% | 979,281 | |
Democratic | Betsy Markey | 44.9% | 882,437 | |
Libertarian | David Jurist | 5.2% | 101,826 | |
Total Votes | 1,963,544 | |||
Election results via Colorado Secretary of State |
Term limits
Per the Colorado Term Limits Amendment, Issue 5 (1990), treasurers, like all statewide constitutional officers, are limited to two consecutive terms in office. Former officeholders may run again after one term out of office. Serving more than one half of a term as an appointed replacement as counts as a full term with respect to term limits.
Vacancies
If the office of treasurer becomes vacant, the governor appoints a replacement with the consent of the state Senate. The replacement serves until the next election. If the vacancy occurs while the state Senate is out of session, the appointee serves until it can meet.
Colorado Constitution, Article IV, Section 6
(2) If the office of state treasurer, secretary of state, or attorney general shall be vacated by death, resignation, or otherwise, the governor shall nominate and, by and with the consent of the senate, appoint a successor. The appointee shall hold the office until his successor shall be elected and qualified in such manner as may be provided by law. If the vacancy occurs in any such office while the senate is not in session, the governor shall appoint some fit person to discharge the duties thereof until the next meeting of the senate, when he shall nominate and, by and with the consent of the senate, appoint some fit person to fill such office. |
Duties
The treasurer is the state's cash management officer and head of the Department of Treasury, which accounts for and manages the Colorado government's money.
Divisions
As of January 13, 2021, divisions within the Department of the Treasury included:[2]
- Investments
- Cash Management
- Accounting and Administrative
- Unclaimed Property
State budget
- See also: Colorado state budget and finances
The budget for the Colorado Department of the Treasury in the 2023-2024 Fiscal Year was $781,549,404.[3]
Compensation
- See also: Compensation of state executive officers
The salaries of all elected executives in Colorado are determined by state law as mandated by the Colorado Constitution.[4] Article IV, Section 19 of the state Constitution notes that legislators cannot decrease state executive salaries during their current terms in office.
Text of Section 19:
Salaries of Officers Fees Paid into Treasury The officers named in section one of this article shall receive for their services a salary to be established by law, which shall not be increased or diminished during their official terms. It shall be the duty of all such officers to collect in advance all fees prescribed by law for services rendered by them severally, and pay the same into the state treasury. |
2022
In 2022, the officer's salary was $93,360, according to the Council of State Governments.[5]
2021
In 2021, the treasurer received a salary of $93,360, according to the Council of State Governments.[6]
2020
In 2020, the treasurer received a salary of $93,360 according to the Council of State Governments.[7]
2019
In 2019, the treasurer received a salary of $93,360 according to the Council of State Governments.[8]
2018
In 2018, the treasurer received a salary of $68,500 according to the Council of State Governments.[9]
2017
In 2017, the treasurer received a salary of $68,500 according to the Council of State Governments.[10]
2016
In 2016, the treasurer received a salary of $68,500 according to the Council of State Governments.[11]
2015
In 2015, the treasurer received a salary of $68,500 according to the Council of State Governments.[12]
2014
In 2014, the treasurer received a salary of $68,500 according to the Council of State Governments.[13]
2013
In 2013, the treasurer received a salary of $68,500 according to the Council of State Governments.[14]
2010
In 2010, the treasurer received a salary of $68,500 according to the Council of State Governments.[15]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Colorado 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.
Recent news
The link below is to the most recent stories in a Google news search for the terms Colorado Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact information
Physical address:
Colorado State Treasurer's Office
200 East Colfax Avenue
State Capitol, Suite 140
Denver, CO 80203
Phone: (303) 866-2441
See also
Colorado | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ Colorado Department of the Treasury, "About Treasurer Dave Young," accessed January 13, 2021
- ↑ Colorado Department of the Treasury, "Treasury Divisions and Programs," accessed January 13, 2021
- ↑ Colorado General Assembly, "Appropriations Report Fiscal Year 2023-24," accessed December 6, 2023
- ↑ Colorado Office of Legislative Legal Services, "Constitution of the State of Colorado," accessed January 13, 2021
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 22, 2022
- ↑ Council of State Governments, "The Book of the States 2020," accessed January 13, 2021
- ↑ Council of State Governments, "The Book of the States 2019," accessed January 13, 2021
- ↑ Council of State Governments, "The Book of the States 2018," accessed January 13, 2021
- ↑ Council of State Governments, "The Book of the States 2017," accessed January 13, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
- ↑ The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014
- ↑ The Council of State Governments, "Book of the States 2010 -- Table 4.11," accessed July 13, 2011
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