Chief financial officer for the U.S. state of Michigan
Department of Treasury
Department overview
Formed
July 23, 1965 (1965-07-23)[1]
Headquarters
Lansing, Michigan
Annual budget
$490,289,100
Department executives
Rachael A. Eubanks, State Treasurer
Tom Saxton, Chief Deputy Treasurer
Key document
Michigan Constitution
Website
www.michigan.gov/treasury
State Treasurer of the State of Michigan
Incumbent Rachael A. Eubanks since January 1, 2019
Michigan Department of Treasury
Appointer
Governor (Gretchen Whitmer)
Term length
Governor's pleasure
Inaugural holder
Henry Howard
Formation
1837
Website
www.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]
^MCL 16.175-16.191
^2011-2012 Michigan Manual: Chapter IV—The Executive Branch: Department of Treasury
^freep.com: Snyder names Nick Khouri state treasurer
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