Rhode Island General Treasurer

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Rhode Island General Treasurer

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General information
Office Type:  Partisan
Office website:  Official Link
Compensation:  $122,740
2024 FY Budget:  $24,035,465
Term limits:  2 terms
Structure
Length of term:   4 years
Authority:  Rhode Island general laws, § 42-10-1
Selection Method:  Elected
Current Officeholder

Rhode Island General Treasurer James Diossa
Democratic Party
Assumed office: January 3, 2023

Elections
Next election:  November 3, 2026
Last election:  November 8, 2022
Other Rhode Island Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission

The General Treasurer of Rhode Island is an elected executive position in the Rhode Island state government. The treasurer is the state's chief banker and financial officer, responsible for receiving and disbursing all state funds.[1]

Current officeholder

The current Rhode Island General Treasurer is James Diossa (D). Diossa assumed office in 2023.

Authority

The Office of the General Treasurer, with the general treasurer as its head, is established in the Rhode Island Constitution and Section 42-10-1 of the Rhode Island general laws.[2]

§ 42-10-1:

There shall be a treasury department. The head of the treasury department shall be the general treasurer. The general treasurer shall perform the duties required by this chapter, chapters 11 and 15 of title 5; chapter 4 of title 35; chapter 21 of title 44; and all other provisions of the general laws and public laws insofar as those powers and duties relate to the general treasurer and the treasury department. He or she shall receive all revenues of the state except as may otherwise be specified by law. He or she shall disburse only such sums of money as are authorized by the department of administration, except as may otherwise be provided by law.[1]

Qualifications

According to the Rhode Island Secretary of State, candidates for general treasurer must be:[3]

  • at least 18 years old.
  • a registered voter.
  • a U.S. Citizen.
  • a resident of Rhode Island for at least 30 days.

Vacancies

Article IV, Section 4 of the state Constitution addresses vacancies. In the event of a vacancy in the office of secretary of state, attorney general, or treasurer, the Rhode Island General Assembly elects a successor to fill the remainder of the unexpired term. If the vacancy occurs when the general assembly is not in session, the governor appoints a person to fill the vacancy to serve until a successor is elected by the general assembly.[2]

Elections

Article IV, Section 1 of the state constitution specifies that the offices of governor, lieutenant governor, secretary of state, attorney general and treasurer are to be elected every four years during the November general election. The offices are elected in mid-term election years (2018, 2022, 2026, et cetera).[2]

Term limits

According to Article IV, Section 1 of the state Constitution, no person may hold the offices of governor, lieutenant governor, secretary of state, attorney general, or treasurer for more than two consecutive four-year terms.[2]

2022

See also: Rhode Island Treasurer election, 2022

General election

General election for Rhode Island General Treasurer

James Diossa defeated James Lathrop in the general election for Rhode Island General Treasurer on November 8, 2022.

Candidate
%
Votes
Image of James Diossa
James Diossa (D)
 
54.3
 
190,775
Silhouette Placeholder Image.png
James Lathrop (R)
 
45.5
 
159,834
 Other/Write-in votes
 
0.2
 
555

Total votes: 351,164
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for Rhode Island General Treasurer

James Diossa defeated Stefan Pryor in the Democratic primary for Rhode Island General Treasurer on September 13, 2022.

Candidate
%
Votes
Image of James Diossa
James Diossa
 
55.6
 
58,335
Image of Stefan Pryor
Stefan Pryor
 
44.4
 
46,675

Total votes: 105,010
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

Republican primary for Rhode Island General Treasurer

James Lathrop advanced from the Republican primary for Rhode Island General Treasurer on September 13, 2022.

Candidate
%
Votes
Silhouette Placeholder Image.png
James Lathrop
 
100.0
 
18,477

Total votes: 18,477
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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2018

See also: Rhode Island Treasurer election, 2018

General election

General election for Rhode Island General Treasurer

Incumbent Seth Magaziner defeated Michael Riley in the general election for Rhode Island General Treasurer on November 6, 2018.

Candidate
%
Votes
Image of Seth Magaziner
Seth Magaziner (D)
 
64.9
 
237,575
Silhouette Placeholder Image.png
Michael Riley (R)
 
35.0
 
127,944
 Other/Write-in votes
 
0.1
 
539

Total votes: 366,058
(100.00% precincts reporting)
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Democratic primary election

Democratic primary for Rhode Island General Treasurer

Incumbent Seth Magaziner advanced from the Democratic primary for Rhode Island General Treasurer on September 12, 2018.

Candidate
%
Votes
Image of Seth Magaziner
Seth Magaziner
 
100.0
 
94,494

Total votes: 94,494
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Republican primary election

Republican primary for Rhode Island General Treasurer

Michael Riley advanced from the Republican primary for Rhode Island General Treasurer on September 12, 2018.

Candidate
%
Votes
Silhouette Placeholder Image.png
Michael Riley
 
100.0
 
25,694

Total votes: 25,694
Candidate Connection = candidate completed the Ballotpedia Candidate Connection survey.
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Full history

2014

See also: Rhode Island down ballot state executive elections, 2014

Democrat Seth Magaziner won the election on November 4, 2014.

Rhode Island Treasurer, 2014
Party Candidate Vote % Votes
     Democratic Green check mark transparent.pngSeth Magaziner 57.1% 175,902
     Independent Ernest Almonte 42.7% 131,423
     Nonpartisan Write-in votes 0.2% 588
Total Votes 307,913
Election results via State of Rhode Island


Duties

The treasurer serves as the state's chief banker. Treasurers are responsible for receiving and disbursing all state funds, issuing general obligation notes and bonds, managing the investments of state funds, and overseeing the retirement system for state employees, teachers, and some municipal employees. The treasurer also manages the unclaimed property division, the crime victim compensation program, and the CollegeBound fund.[4]

Divisions

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 Rhode Island General Treasurer has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.

State budget

See also: Rhode Island state budget and finances

The budget for the Office of the General Treasurer in Fiscal Year 2024 was $24,035,465.[5]

Compensation

See also: Compensation of state executive officers

2022

In 2022, the officer's salary was $122,740, according to the Council of State Governments.[6]

2021

In 2021, the treasurer received a salary of $117,637, according to the Council of State Governments.[7]

2020

In 2020, the treasurer received a salary of $122,740 according to the Council of State Governments.[8]

2019

In 2019, the treasurer received a salary of $122,740 according to the Council of State Governments.[9]

2018

In 2018, the treasurer received a salary of $117,637 according to the Council of State Governments.[10]

2017

In 2017, the treasurer received a salary of $117,637 according to the Council of State Governments.[11]

2016

In 2016, the treasurer received a salary of $117,637, according to the Council of State Governments.[12]

2015

In 2015, the treasurer received a salary of $108,808, according to the Council of State Governments.[13]

2014

In 2014, the treasurer was paid an estimated $108,808, according to the Council of State Governments.[14]

2013

In 2013, the treasurer was paid an estimated $108,808, 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 Rhode Island General 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 Rhode Island General Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

Contact information

Rhode Island

Treasury Office
82 Smith Street, Room 102
Providence, RI 02903

Phone: (401) 222-2397
Fax: (401) 222-6140

See also

Rhode Island State Executive Elections News and Analysis
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Rhode Island State Executive Offices
Rhode Island State Legislature
Rhode Island Courts
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Party control of state government
State government trifectas
State of the state addresses
Partisan composition of governors

External links

Footnotes

  1. 1.0 1.1 State of Rhode Island, "Chapter 42-10, Treasury Department," accessed January 27, 2021
  2. 2.0 2.1 2.2 2.3 State of Rhode Island, "Rhode Island State Constitution," accessed January 27, 2021
  3. Rhode Island Secretary of State, "Are You Eligible?" accessed January 27, 2021
  4. Rhode Island Treasury, "About the Office," accessed January 27, 2021
  5. Rhode Island Legislature, "2023 -- H 5200 Substitute A as Amended," accessed December 6, 2023
  6. Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
  7. Issuu, "The Book of the States 2021," accessed September 28, 2022
  8. Council of State Governments, "The Book of the States 2020," accessed January 5, 2021
  9. Council of State Governments, "The Book of the States 2019," accessed January 5, 2021
  10. Council of State Governments, "The Book of the States 2018," accessed January 5, 2021
  11. Council of State Governments, "The Book of the States 2017," accessed January 5, 2021
  12. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
  13. Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
  14. Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 8, 2014
  15. Council of State Governments, "Selected State Administrative Officials: Annual Salaries," January 29, 2014