Michigan State Treasurer

Department of Treasury
Department overview
FormedJuly 23, 1965 (1965-07-23)
Headquarters
Annual budget$490,289,100
Department executives
Key document
Websitemichigan.gov/treasury
State Treasurer of
the State of Michigan
since January 1, 2019
Michigan Department of Treasury
Appointer
Term length
  • Governor's pleasure
Inaugural holderHenry Howard
Formation1837
Websitemichigan.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.

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

Appointment

Under the original 1835 Michigan Constitution, the state treasurer was established as an appointed position. State treasurers were appointed by the state legislature. Under the 1850 Michigan Constitution, the state treasurer became an elected position. Elections for the position were held every two years. Under the current 1963 state constitution, the position of state treasurer returned to be an appointed position. State treasurers are now appointed by the governor, with the consent of the state senate.

List of state treasurers of Michigan

Image Name Term Party / Appointer Notes Ref.
Henry Howard 1836–1839 Michigan Legislature Resigned
Peter Desnoyers 1839–1840 Stevens T. Mason
Robert Stuart 1840–1841 Michigan Legislature Resigned
George W. Germain 1841–1842 James Wright Gordon
John J. Adam 1842–1845 Michigan Legislature Resigned
George R. Redfield 1845–1846 John S. Barry
George B. Cooper 1846–1850 Michigan Legislature
Bernard C. Whittemore 1850–1854 Democratic
Silas M. Holmes 1855–1858 Republican
John McKinney 1859–1860 Republican
John Owen 1861–1866 Republican
Ebenezer O. Grosvenor 1867–1870 Republican
Victory P. Collier 1871–1874 Republican
William B. McCreery 1875–1878 Republican
Benjamin D. Pritchard 1879–1882 Republican
Edward H. Butler 1883–1886 Republican
George L. Maltz 1887–1890 Republican
Frederick Braastad 1891–1892 Democratic
Joseph F. Hambitzer 1893–1894 Republican Removed
James M. Wilkinson 1894–1896 John T. Rich
Republican
George A. Steel 1897–1900 Republican
Daniel McCoy 1901–1904 Republican
Frank P. Glazier 1905–1908 Republican Resigned
John T. Rich 1908 Fred M. Warner
Albert E. Sleeper 1909–1912 Republican
John W. Haarer 1913–1916 Republican
Samuel Odell 1917–1919 Republican Resigned
Frank E. Gorman 1919–1924 Albert Sleeper
Republican
Frank D. McKay 1925–1930 Republican
Howard C. Lawrence 1931–1932 Republican
Theodore I. Fry 1933–1938 Democratic
Miller Dunckel 1939–1940 Republican
Theodore I. Fry 1941–1942 Democratic
D. Hale Brake 1943–1954 Republican
Sanford A. Brown 1955–1965 Democratic
Allison Green 1965–1978 George W. Romney Resigned
Loren E. Monroe 1978–1982 William Milliken
Robert A. Bowman 1983–1991 James Blanchard
Douglas B. Roberts 1991–1998 John Engler Resigned
Madhu Anderson 1998–1999 John Engler Acting
Mark A. Murray 1999–2001 John Engler Resigned
Douglas B. Roberts 2001–2002 John Engler
Jay B. Rising 2003–2006 Jennifer Granholm Resigned
Robert J. Kleine 2006–2010 Jennifer Granholm
Andy Dillon 2011–2013 Rick Snyder Resigned
R. Kevin Clinton 2013–2015 Rick Snyder Resigned
Nick Khouri 2015–2018 Rick Snyder
Rachael A. Eubanks 2019–present Gretchen Whitmer

Notes

  1. 1 2 3 Appointed by governor to serve as state treasurer until the legislature appointed a new one.
  2. ↑ First elected state treasurer.
  3. ↑ Removed from office by the governor.
  4. 1 2 Initially appointed by governor to fill vacancy, and then elected in the following general election.
  5. ↑ Appointed by governor to fill vacancy.
  6. ↑ Nominated and began serving in 1978, formally confirmed in 1979.

References

  1. ↑ MCL 16.175-16.191
  2. ↑ 2011-2012 Michigan Manual: Chapter IV—The Executive Branch: Department of Treasury
  3. 1 2 "STATE TREASURER RACHAEL EUBANKS" (PDF). Michigan Legislature. Retrieved July 21, 2026.
  4. ↑ "CONSTITUTION OF MICHIGAN OF 1835". Michigan Legislature. Retrieved July 21, 2026.
  5. ↑ "CONSTITUTION OF MICHIGAN OF 1850". Michigan Legislature. Retrieved July 21, 2026.
  6. ↑ "Constitution of Michigan of 1963" (PDF). Michigan Legislature. pp. 37–38. Retrieved July 21, 2026.
  7. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 "FORMER OFFICIALS OF MICHIGAN" (PDF). Michigan Legislature. p. 6. Retrieved July 21, 2026.
  8. ↑ "State Treasurer". Democratic Free Press. March 9, 1836. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  9. ↑ "Appointments by the Governor". Democratic Free Press. May 1, 1839. p. 3. Retrieved July 21, 2026 – via Newspapers.com.
  10. ↑ "Untitled". Detroit Free Press. January 24, 1840. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  11. ↑ "State Treasurer". Democratic Free Press. January 19, 1842. p. 3. Retrieved July 21, 2026 – via Newspapers.com.
  12. ↑ "Appointments by the Governor". The Livingston Democrat. May 28, 1845. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  13. ↑ "State Treasurer". True Democrat. January 30, 1846. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  14. ↑ "Democratic Nominations". Detroit Free Press. October 22, 1850. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  15. ↑ Bingham, Stephen D. (1888). Early History of Michigan: With Biographies of State Officers, Members of Congress, Judges and Legislators. p. 349.
  16. ↑ "Republican Ticket". The Courier-Northerner. August 20, 1858. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  17. ↑ "Republican State Nominations". Cass County Weekly. November 1, 1860. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  18. ↑ "Republican Nominations". Jackson Citizen Patriot. November 5, 1866. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  19. ↑ "Republican Ticket". Muskegon Weekly Chronicle. November 2, 1870. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  20. ↑ "Republican Nominations". Grand Rapids Eagle. November 2, 1874. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  21. ↑ "Republican State Nominations". St. Joseph Saturday Herald. November 2, 1878. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  22. ↑ "Republican State Ticket". Ypsilanti Commercial. November 4, 1882. p. 4. Retrieved July 21, 2026 – via Newspapers.com.
  23. ↑ "Republican Ticket". The Herald-Palladium. October 30, 1886. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  24. ↑ "Democratic State Ticket". The Ann Arbor Democrat. October 31, 1890. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  25. ↑ "Republican State Ticket". Lansing State Journal. November 5, 1892. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  26. ↑ "They Are In". Lansing State Journal. March 20, 1894. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  27. ↑ "Republican State Ticket". Cass County Weekly. November 1, 1894. p. 4. Retrieved July 21, 2026 – via Newspapers.com.
  28. ↑ "Republican Nominations". The Muskegon Chronicle. November 2, 1896. p. 4. Retrieved July 21, 2026 – via Newspapers.com.
  29. ↑ "Republican Nominations". St. Joseph Saturday Herald. November 3, 1900. p. 4. Retrieved July 21, 2026 – via Newspapers.com.
  30. ↑ "Republican Nominations". The Times Herald. November 7, 1904. p. 4. Retrieved July 21, 2026 – via Newspapers.com.
  31. ↑ "Bird Draws Out of Glazier Case". The Grand Rapids Press. January 23, 1908. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  32. ↑ "Republican Ticket". The Times. October 30, 1908. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  33. ↑ "Regular Republican Nominations". The Times. November 1, 1912. p. 5. Retrieved July 21, 2026 – via Newspapers.com.
  34. ↑ "Republican Ticket". Owosso Times. November 3, 1916. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  35. ↑ "Sandusky Resident Appointed as New State Treasurer". Jackson Citizen Patriot. May 16, 1919. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  36. ↑ "Michigan's All Rep. State Ticket". The Herald-Palladium. November 4, 1920. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  37. ↑ "Republican Ticket". The Ann Arbor News. November 1, 1924. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  38. ↑ "Closest State Race Since Days of Ferris Declare Observers". The Niles Daily Star. November 1, 1924. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  39. ↑ "Questions, Nominees Appearing on Ballot". The Saginaw News. November 6, 1932. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  40. ↑ "Heavy Vote Expected Campaign Gets Hot". Livingston County Daily Press and Argus. November 2, 1938. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  41. ↑ "National, State, County Nominees on Tuesday Ballot". The Niles Daily Star. November 4, 1940. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  42. ↑ "Dull Campaign Arouses Little Voter Interest". The Saginaw News. November 1, 1942. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  43. ↑ "Here's The Lineup For Tomorrow's Election". The Ann Arbor News. November 1, 1954. p. 1. Retrieved July 21, 2026 – via Newspapers.com.
  44. ↑ "Allison Green Replaces Brown As Appointive State Treasurer". Battle Creek Enquirer. November 27, 1965. p. 3. Retrieved July 21, 2026 – via Newspapers.com.
  45. ↑ "Milliken picks black treasurer". Detroit Free Press. August 19, 1978. p. 12. Retrieved July 21, 2026 – via Newspapers.com.
  46. ↑ "New treasurer, 27, tackles big job". Midland Daily News. January 13, 1983. p. 12. Retrieved July 21, 2026 – via Newspapers.com.
  47. ↑ "Engler names budget director, treasurer, sets up transition teams". The Flint Journal. November 28, 1990. p. 2. Retrieved July 21, 2026 – via Newspapers.com.
  48. ↑ "Lansing: Madhu Anderson named acting treasurer". The Flint Journal. November 11, 1998. p. 3. Retrieved July 21, 2026 – via Newspapers.com.
  49. ↑ "Mark Murray leaving MSU to become state treasurer". Jackson Citizen Patriot. December 23, 1998. p. 23. Retrieved July 21, 2026 – via Newspapers.com.
  50. 1 2 "University lobby legislature for heating bill relief". Petoskey News-Review. April 2, 2001. p. 5. Retrieved July 21, 2026 – via Newspapers.com.
  51. 1 2 3 4 5 "STATE TREASURERS, 1836-2019" (PDF). Michigan Legislature. p. 5. Retrieved July 21, 2026.
  52. ↑ "Granholm's Key Appointments". Detroit Free Press. January 2, 2003. p. 80. Retrieved July 21, 2026 – via Newspapers.com.
  53. 1 2 "Granholm appoints new state treasurer". Jackson Citizen Patriot. April 7, 2006. p. 8. Retrieved July 21, 2026 – via Newspapers.com.
  54. ↑ "AP: Snyder to tap Dillon for treasurer Posthumus for post". Petoskey News-Review. November 8, 2010. p. 12. Retrieved July 21, 2026 – via Newspapers.com.
  55. 1 2 "Ex-insurance executive next state treasurer". The Grand Rapids Press. October 16, 2013. p. A7. Retrieved July 21, 2026 – via Newspapers.com.
  56. ↑ "Kevin Clinton". Ballotpedia. Retrieved July 21, 2026.
  57. ↑ "Snyder names Nick Khouri state treasurer". The Niles Daily Star. March 18, 2015. p. 7. Retrieved July 21, 2026 – via Newspapers.com.