New Jersey Treasurer
| New Jersey Treasurer | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $175,000 |
| 2024 FY Budget: | $5,192,887,000 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the governor |
| Selection Method: | Appointed by Governor |
| Current Officeholder | |
| Elizabeth Maher Muoio | |
| Other New Jersey Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Comptroller• Commissioner of Education • Agriculture Secretary • Insurance Commissioner • Commissioner of Environmental Protection • Labor Commissioner • Public Utilities Board | |
The New Jersey Treasurer is a state executive position in the New Jersey state government.
As head of the Treasury Department, the treasurer oversees the finances of the state. The treasurer is also responsible for supervising the treasury department, adopting rules and regulations to facilitate the work of the department, and making an annual report to the governor regarding the department's operations.[1]
Current officeholder
The current officeholder is Elizabeth Maher Muoio. She was nominated by Gov. Phil Murphy (D) and began serving as acting state treasurer on Jan. 16, 2018, succeeding Ford Scudder. Muoio was officially sworn in on April 17, 2018.[2] The treasurer is appointed by the governor with the advice and consent of the New Jersey State Senate.[3]
Authority
The New Jersey Treasurer's powers are derived from Title 52, Section 18A-27 of the New Jersey Revised Statutes.
Title 52:18A-27
| The functions, powers and duties of the existing State Treasurer are continued, but such functions, powers and duties are hereby transferred to and vested in the State Treasurer designated as the head of the Department of the Treasury established hereunder.[4] |
Qualifications
Title 52, Section 18A-2 of the New Jersey Revised Statutes establishes the qualifications of the office:
| The administrator and head of the department shall be the State Treasurer, who shall be a person qualified by training and experience to perform the duties of his office.[3] |
Vacancies
Details of vacancy appointment are addressed under Article V, Section 1 of the New Jersey Constitution.
In the event of a vacancy, the governor with the consent of the state Senate, appoints a new officeholder. If the vacancy occurs while the Legislature is in recess, the governor makes an ad interim appointment, which expires at the end of the next regular session of the Senate.[5]
Additional information regarding vacancies is addressed in Title 52, Section 18A-30. In the event of a vacancy, the deputy state treasurer will hold the office until a successor is appointed and confirmed.[1]
Duties
As head of the Treasury Department, the treasurer oversees the finances of the state. The treasurer is also responsible for supervising the treasury department, adopting rules and regulations to facilitate the work of the department, and making an annual report to the governor regarding the department's operations.[1]
Divisions
The Treasury Department is composed of the following divisions:[6]
- Administration
- Investment
- Office of Revenue and Economic Analysis
- Office of Management and Budget
- Lottery
- Pension and Benefits
- Property Management and Construction
- Public Contracts EEO Compliance
- Public Finance
- Purchase and Property
- Revenue and Enterprise Services
- Risk Management
- Taxation
State budget
- See also: New Jersey state budget and finances
The budget for the Department of the Treasury in Fiscal Year 2024 was $5,192,887,000.[7]
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $175,000, according to the Council of State Governments.[8]
2021
In 2021, the treasurer received a salary of $175,000, according to the Council of State Governments.[9]
2020
In 2020, the treasurer received a salary of $175,000, according to the Council of State Governments.[10]
2019
In 2019, the treasurer received a salary of $141,000, according to the Council of State Governments.[11]
2018
In 2018, the treasurer received a salary of $141,000, according to the Council of State Governments.[12]
2017
In 2017, the treasurer received a salary of $141,000, according to the Council of State Governments.[13]
2016
In 2016, the treasurer received a salary of $141,000, according to the Council of State Governments.[14]
2015
In 2015, the treasurer received a salary of $141,000, according to the Council of State Governments.[15]
2014
In 2014, the treasurer received a salary of $141,000, according to the Council of State Governments.[16]
2013
In 2013, the treasurer received a salary of $141,000, according to the Council of State Governments.[17]
2010
In 2010, the treasurer was paid an estimated $141,000, according to the Council of State Governments.[18]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the New Jersey 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
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Contact information
Department of the Treasury
P. O. Box 002
Trenton, NJ 08625-0002
Phone: 609-292-6748
Email: Online contact form
See also
| New Jersey | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 1.2 Justia, "NJ Rev Stat § 52:18A-30 (2019)," accessed Jan. 20, 2021
- ↑ Department of the Treasury, "Biography of Elizabeth Maher Muoio," accessed Jan. 20, 2021
- ↑ 3.0 3.1 Justia, "NJ Rev Stat § 52:18A-2 (2019)," accessed Jan. 20, 2021
- ↑ Justia, "NJ Rev Stat § 52:18A-27 (2019)," accessed Jan. 20, 2021
- ↑ New Jersey State Legislature, "New Jersey State Constitution," accessed Jan. 20, 2020
- ↑ Department of the Treasury, "Home page," accessed Jan. 20, 2021
- ↑ State of New Jersey, "Appropriations Handbook: Fiscal Year 2023-2024," accessed December 6, 2023
- ↑ 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," Sept. 30, 2020
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed Jan. 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed Jan. 20, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed Jan. 20, 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 December 3, 2014
- ↑ Council of State Governments, "Table 4.11 Selected State Administrative Officials: Annual Salaries," accessed January 31, 2014
- ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed June 22, 2011
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