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The state treasurer oversees the collection, investment, and disbursement of all state monies, and also administers major tax laws, safeguards the credit of the state, and distributes revenue sharing monies to local units of government.
State Treasurer. Rachael Eubanks was appointed as Michigan's 47th State Treasurer by Governor Gretchen Whitmer in January of 2019. She is committed to bringing creativity, collaboration, and commitment to identify and implement solutions to some of Michigan's greatest challenges.
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The current state treasurer is Rachael Eubanks, who was appointed by Gov. Gretchen Whitmer(D) in December 2018.
The state Constitution addresses the office of the Treasurer in Article V, the Executive Department. Under Article V, Section 3:
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that establishes the requirements necessary to qualify for a state executive office. That information for the Michigan Treasurer has not yet been added. After extensive research, we were unable to identify any relevant information on state official...
Since treasurer is one of the three constitutional executive department heads that make up the Executive Branch, its vacancy contingencies are addressed in Article V, Section 6 of the state constitution. The section states that the appointment can be rejected if a majority of state senators vote against it, with the window to reject open for "60 se...
The treasurer is responsible for managing all state funds.This includes: 1. Administers major tax laws and property tax laws 2. Safeguarding the credit of the state and its local units of government 3. Investing retirement funds of Michigan's state employees, public school employees, state police and judges 4. Distributing revenue sharing monies to...
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 Michigan Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites....
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As the state money manager, the treasurer must carefully invest the state's pooled money accounts into steady growth stocks, bonds and securities. The treasurer also raises money by selling the state's debt in the form of state-issued bonds and notes.
- Dave Roos
The state treasurer serves as the chief custodian of each state's treasury and as the state's head banker. Typically, they receive and deposit state monies, manages investments, and keeps track of budget surpluses and deficits.
OfficeholderStatePartyAssumed OfficeOctober 1, 2021UnknownNovember 16, 2022UnknownJanuary 20, 2021January 7, 2019Michigan’s state treasurer is responsible for tax administration, revenue estimating, and muncipal revenue sharing.
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The Bureau of Investments provides quality investment management services, professional expertise, and advice to the State Treasurer as fiduciary of the State of Michigan Retirement Systems and Michigan boards and agencies.
