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Michigan State Treasurer information


Department of Treasury
Department overview
FormedJuly 23, 1965 (1965-07-23)[1]
HeadquartersLansing, Michigan
Annual budget$490,289,100
Department executives
  • Rachael A. Eubanks, State Treasurer
  • Tom Saxton, Chief Deputy Treasurer
Key document
  • Michigan Constitution
Websitewww.michigan.gov/treasury
State Treasurer of
the State of Michigan
Incumbent
Rachael A. Eubanks
since January 1, 2019
Michigan Department of Treasury
AppointerGovernor (Gretchen Whitmer)
Term lengthGovernor's pleasure
Inaugural holderHenry Howard
Formation1837
Websitewww.michigan.gov/treasury

The state treasurer of Michigan functions as the chief financial officer for the U.S. state of Michigan. 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. It is an unelected office within the executive branch.[2]

The current state treasurer is Rachael A. Eubanks, who was appointed by Governor Gretchen Whitmer in January 2019.[3]

  1. ^ MCL 16.175-16.191
  2. ^ 2011-2012 Michigan Manual: Chapter IV—The Executive Branch: Department of Treasury
  3. ^ freep.com: Snyder names Nick Khouri state treasurer

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