Mississippi Treasurer

Mississippi Treasurer
General information
Office Type:	Partisan
Office website:	Official Link
Compensation:	$90,000
2025 FY Budget:	$6,658,958
Term limits:	None
Structure
Length of term:	4 years
Authority:	Mississippi Constitution, Article V, Section 134
Selection Method:	Elected
Current Officeholder
Mississippi Treasurer David McRae Republican Party Assumed office: January 9, 2020
Elections
Next election:	November 2, 2027
Last election:	November 7, 2023
Other Mississippi Executive Offices
Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Executive Director of Environmental Quality • Executive Director of Employment Security • Public Service Commission • Transportation Commission

The Treasurer of the State of Mississippi is the chief financial officer of the government of Mississippi.

The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department's main purpose is to invest state funds, disburse funds for local bonds and taxes as needed, ensure records are kept of all money transactions, distribute unclaimed property as needed, and make payments for the state as needed.^[1]

The treasurer is elected every four years.

Current officeholder

The current treasurer of Mississippi is Republican David McRae. McRae was first elected on November 5, 2019, and sworn in on January 9, 2020.^[2]

The treasurer's powers and duties are established by Article V, Section 134 of the Mississippi Constitution.^[3]

Article V, Section 134:

A State Treasurer and an Auditor of Public Accounts shall be elected as herein provided, who shall hold their office for the term of four (4) years, and shall possess the same qualifications as required for the Secretary of State. They shall receive such compensation as may be provided by law.

Qualifications

Article 5, Section 133 of the Mississippi Constitution outline the qualifications for secretary of state, which also apply for treasurer:^[3]

... He shall be at least twenty-five years of age, a citizen of the state five years next preceding the day of his election, and he shall continue in office during the term of four years...

• at least 25 years old
• a resident of Mississippi for at least the five years before the day of their election^[4]

Elections

Mississippi elects treasurers to four-year terms during gubernatorial election years. For Mississippi, 2015, 2019, 2023, and 2027 are all treasurer election years.

Results

2023

See also: Mississippi Treasurer election, 2023

General election

Democratic primary election

Republican primary election

2019

See also: Mississippi Treasurer election, 2019

General election

Democratic primary election

Republican primary election

2015

See also: Mississippi Treasurer election, 2015

There was a regularly scheduled election for treasurer in 2015. Lynn Fitch (R) was eligible for re-election. The primary election was scheduled for August 4, 2015, with the general election on November 3, 2015.

Full history

To view the electoral history dating back to 2003 for the office of Mississippi State Treasurer, click [show] to expand the section.

2011 On November 8, 2011, Lynn Fitch won election to the office of Mississippi State Treasurer. She defeated Connie Moran (Democrat) and Shawn O'Hara (Reform) in the general election. Mississippi State Treasurer, 2011 Party Candidate Vote % Votes      Republican Lynn Fitch 58.8% 513,132      Democratic Connie Moran 38.2% 333,267      Reform Shawn O'Hara 3% 26,421 Total Votes 872,820 Election results via Mississippi Secretary of State. 2007 On November 6, 2007, Tate Reeves won re-election to the office of Mississippi State Treasurer. He defeated Shawn O'Hara (Democrat) in the general election. Mississippi State Treasurer, 2007 Party Candidate Vote % Votes      Republican Tate Reeves Incumbent 60.5% 436,833      Democratic Shawn O'Hara 39.5% 284,789 Total Votes 721,622 Election results via Mississippi Secretary of State. 2003 On November 4, 2003, Tate Reeves won election to the office of Mississippi State Treasurer. He defeated Gary Anderson (Democrat) and Lee Dilworth (Reform) in the general election. Mississippi State Treasurer, 2003 Party Candidate Vote % Votes      Republican Tate Reeves 51.8% 447,860      Democratic Gary Anderson 46.6% 403,307      Reform Lee Dilworth 1.6% 13,507 Total Votes 864,674 Election results via Mississippi Secretary of State.

Vacancies

Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the Mississippi 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.

Duties

The duties of the treasurer are detailed in the Mississippi Code and listed on the treasurer's website and are as follows:^[1]

• Pay the state’s bills on time to maintain a good credit rating
• Receive, protect, disburse, and invest the state’s funds
• Return unclaimed property to its rightful owner
• Distribute tax revenues to counties, cities, and other taxing districts of the state
• Invest and account for the state’s investment funds, trust funds, and bond proceeds
• Issue state bonds for state and local projects, helping keep communities strong
• Administer College Savings Mississippi, which enables thousands of Mississippi families to invest in college savings plans
• Advise state agencies on good financial practices
• Keep taxpayers updated on the state’s finances through the semi-annual Generally Accepted Accounting Principles (GAAP) report
• Serve as Treasurer to the Mississippi Employment Security Commission
• Serve on more more than a dozen boards, including Mississippi Windstorm Underwriting Association Board, Mississippi Guaranty Pool Board, State Bond Commission, Public Employees Retirement Board, Mississippi Business Finance Corporation, Development Bank Board, License Tag Commission, Tort Claims Board, Economic Development Strategic Planning Task Force, State Prison Emergency and Management Board, Private Nonprofit Institutions of Higher Learning (MEFA), the Historic Properties Trust Fund Advisory Committee, and Chairman of the College Savings Plan of Mississippi Board

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 Mississippi 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: Mississippi state budget and finances

The Office of State Treasurer's budget for fiscal year 2025 was $6,658,958.^[5]

Compensation

See also: Compensation of state executive officers

2023

In 2023, the officer's salary was $90,000, according to the Council of State Governments.^[6]

2022

In 2022, the officer's salary was $90,000, according to the Council of State Governments.^[7]

2021

In 2021, the treasurer received a salary of $90,000, according to the Council of State Governments.^[8]

2020

In 2020, the treasurer received a salary of $90,000, according to the Council of State Governments.^[9]

2019

In 2019, the treasurer received a salary of $90,000, according to the Council of State Governments.^[10]

2018

In 2018, the treasurer received a salary of $90,000, according to the Council of State Governments.^[11]

2017

In 2017, the treasurer received a salary of $90,000, according to the Council of State Governments.^[12]

2016

In 2016, the treasurer received a salary of $90,000, according to the Council of State Governments.^[13]

2015

In 2015, the treasurer received a salary of $90,000, according to the Council of State Governments.^[14]

2014

In 2014, the treasurer was paid an estimated $90,000, according to the Council of State Governments.^[15]

2013

In 2013, the treasurer was paid an estimated $90,000, according to the Council of State Governments.^[16]

2012

In 2012, the treasurer was paid an estimated $85,500, according to the Council of State Governments.^[17]

Historical officeholders

Since 1817 Mississippi has had 49 state treasurers.^[18]

Click "show" for former officeholders.

Number	Name	Took office	Left office	Party
1	Samuel Brooks	1817	1818
2	Peter Schuyler	1818	1821
3	Samuel C. Wooldridge	1821	1828
4	James Phillips, Jr.	1828	1836
5	J.A. Vanhoesen	1838	1839
6	S. Craig	1839	1839
7	James G. Williams	1839	1839
8	Joshua S. Curtis	1840	1841
9	Richard S. Graves	1841	1843
10	William Clark	1851	1854
11	Shields L. Hussey	1854	1860
12	M.D. Haynes	1860	1865
13	W.B. Weaver	1865	1865
14	John H. Echols	1865	1869
15	William H. Vasser	1869	1874
16	G.H. Holland	1874	1875
17	M.L. Holland	1875	1875
18	William L. Hemingway	1875	1890
19	J.J. Evans	1890	1896
20	A.Q. May	1896	1900
21	J.R. Stowers	1900	1901
22	George W. Carlisle	1901	1902
23	Thad B. Lampton	1902	1904
24	William Jones Miller	1904	1908
25	George Robert Edwards	1908	1912
26	Peter Simpson Stovall	1912	1916
27	John Peroutt Taylor	1916	1920
28	Larkin Seyomer Rodgers	1920	1920
29	William Moseley Murry	1920	1924
30	Ben Shem Lowry	1924	1928
31	Webb Walley	1928	1932
32	Lewis S. May	1932	1936
33	Newton James	1936	1940
34	Lewis S. May	1940	1944
35	Newton James	1944	1948
36	R.W. May	1948	1952
37	Newton James	1952	1956
38	Robert D. Morrow, Sr.	1956	1960
39	Evelyn Gandy	1960	1964	Democrat
40	William Winter	1964	1968	Democrat
41	Evelyn Gandy	1968	1972	Democrat
42	Brad Dye, Jr.	1972	1976
43	Ed Pittman	1976	1980
44	John L. Dale	1980	1980
45	Bill Cole, III	1980	1988
46	Marshall Bennett	1988	2003
47	Peyton Prospere	2003	2004
48	Tate Reeves	2004	2012	Republican
49	Lynn Fitch	2012	2020	Republican
50	David McRae	2020	Present	Republican

Recent news

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Contact information

Mississippi State Treasurer's Office
PO Box 138
Jackson, MS 39205

Phone: 601-359-3600
Fax: 601-359-2001

See also

• Mississippi state executive offices
• Mississippi state executive officials

External links

• Mississippi Office of the State Treasurer

Footnotes

	v • e State of Mississippi Jackson (capital)
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