California State Treasurer

State Treasurer of California
Seal of the State Treasurer of California
Incumbent John Chiang since January 5, 2015
Style	The Honorable
Term length	Four years, two term limit
Inaugural holder	Richard Roman 1849
Formation	California Constitution
Website	State Treasurer's Office

The California State Treasurer is responsible for the state's investment and finance. The post has more narrow responsibilities and authority than the California State Controller. Some of the responsibilities include issuing bonds and notes for the state, and trustee, registrar and paying agent for all general obligation bonds and certain revenue bonds investment of temporarily idle state money. The administration of the state's budgets, financial analyses and planning, money allocation, and economic research is under the California Department of Finance.

The state treasurer assumes office by way of election. The term of office is a four-year term but is limited to two terms. Elections for the State Treasurer are held on a four-year concurrent basis with the election of the Governor. The current state treasurer is John Chiang.

Duties

• As the state’s banker, manages the state’s investments.
• Administers the sale of state bonds and notes and is the investment officer for most state funds.
• Chairs or serves on several commissions, most of which relate to the marketing of bonds.
• Pays out state funds when spent by the Controller and other state agencies.

List of Treasurers

Name	Term	Party
Richard Roman	1849–1854	Democratic
Selden A. McMeans	1854–1856	Democratic
Henry Bates	1856–1857	American
James L. English	1857–1858	American
Thomas Findley	1858–1862	Democratic
Delos R. Ashley	1862–1863	Republican
Romualdo Pacheco	1863–1867	Republican
Antonio F. Coronel	1867–1871	Democratic
Ferdinand Baehr	1871–1875	Republican
José G. Estudillo	1875–1880	Democratic
John Weil	1880–1883	Republican
William A. January	1883–1884	Democratic
Denis J. Oullahan	1884–1887	Democratic
Adam Herold	1887–1891	Democratic
J. R. McDonald	1891–1895	Republican
Levi Rackliffe	1895–1898	Republican
Will S. Green	1898–1899	Democratic
Truman Reeves	1899–1907	Republican
William R. Williams	1907–1911	Republican
Edward D. Roberts	1911–1915	Republican
Friend William Richardson	1915–1923	Progressive; Republican
Charles G. Johnson	1923–1956	Republican
A. Ronald Button	1956–1959	Republican
Bert A. Betts	1959–1967	Democratic
Ivy Baker Priest	1967–1975	Republican
Jesse M. Unruh	1975–1987	Democratic
Elizabeth Whitney	1987–1989
Thomas W. Hayes	1989–1991	Republican
Kathleen Brown	1991–1995	Democratic
Matt Fong	1995–1999	Republican
Phil Angelides	1999–2007	Democratic
Bill Lockyer	2007–2015	Democratic
John Chiang	2015–Present	Democratic

See also

• California Department of Finance

External links

• Official California State Treasurer web site