Colorado Treasurer

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Colorado Treasurer

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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
Democratic Party
Assumed office: January 8, 2019

Elections
Next election:  November 3, 2026
Last election:  November 8, 2022
Other Colorado Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerControllerCommissioner of EducationAgriculture CommissionerInsurance CommissionerNatural Resources Exec. DirectorLabor Executive DirectorPublic Utilities CommissionColorado 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

Colorado state government organizational chart

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
Image of Dave Young
Dave Young (D)
 
53.7
 
1,312,705
Image of Lang Sias
Lang Sias (R) Candidate Connection
 
43.0
 
1,052,337
Silhouette Placeholder Image.png
Anthony Delgado (L)
 
3.3
 
80,770

Total votes: 2,445,812
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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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
Image of Dave Young
Dave Young
 
100.0
 
499,229

Total votes: 499,229
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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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
Image of Lang Sias
Lang Sias Candidate Connection
 
100.0
 
502,175

Total votes: 502,175
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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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
Image of Dave Young
Dave Young (D)
 
52.2
 
1,292,281
Silhouette Placeholder Image.png
Brian Watson (R)
 
44.9
 
1,111,641
Silhouette Placeholder Image.png
Gerald Kilpatrick (American Constitution Party)
 
2.8
 
70,475

Total votes: 2,474,397
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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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
Image of Dave Young
Dave Young
 
67.5
 
363,295
Image of Bernard Douthit
Bernard Douthit
 
32.5
 
175,116

Total votes: 538,411
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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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
Silhouette Placeholder Image.png
Brian Watson
 
38.0
 
171,823
Image of Justin Everett
Justin Everett
 
36.9
 
167,045
Image of Polly Lawrence
Polly Lawrence
 
25.1
 
113,673

Total votes: 452,541
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2014

See also: Colorado down ballot state executive elections, 2014
Treasurer of Colorado, 2014
Party Candidate Vote % Votes
     Republican Green check mark transparent.pngWalker 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

  1. Colorado Department of the Treasury, "About Treasurer Dave Young," accessed January 13, 2021
  2. Colorado Department of the Treasury, "Treasury Divisions and Programs," accessed January 13, 2021
  3. Colorado General Assembly, "Appropriations Report Fiscal Year 2023-24," accessed December 6, 2023
  4. Colorado Office of Legislative Legal Services, "Constitution of the State of Colorado," accessed January 13, 2021
  5. Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
  6. Issuu, "The Book of the States 2021," accessed September 22, 2022
  7. Council of State Governments, "The Book of the States 2020," accessed January 13, 2021
  8. Council of State Governments, "The Book of the States 2019," accessed January 13, 2021
  9. Council of State Governments, "The Book of the States 2018," accessed January 13, 2021
  10. Council of State Governments, "The Book of the States 2017," accessed January 13, 2021
  11. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
  12. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
  13. Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed November 14, 2014
  14. The Council of State Governments, "Book of the States 2013, Table 4.11," accessed February 2, 2014
  15. The Council of State Governments, "Book of the States 2010 -- Table 4.11," accessed July 13, 2011