Vermont State Treasurer

State Treasurer of Vermont
Seal of the State Treasurer of Vermont
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Incumbent
Mike Pieciak
since January 5, 2023
StyleThe Honorable
Term lengthTwo years, no term limit
Inaugural holderIra Allen
1778
FormationConstitution of Vermont
WebsiteState Treasurer's Office

The State Treasurer's Office is responsible for several administrative and service duties, in accordance with Vermont Statutes. These include: investing state funds; issuing state bonds; serving as the central bank for state agencies; managing the state's cash balances, check processing and reconciliation; safeguarding and returning unclaimed or abandoned financial property; and administering three major pension plans for public employees.[1] The treasurer is fifth (behind the lieutenant governor, speaker of the House of Representatives, president pro tempore of the Senate, and secretary of state, respectively) in the line of succession to the office of Governor of Vermont.[2][3][4]

The incumbent is Mike Pieciak who assumed in the office in January 2023. He succeeded Beth Pearce, who was appointed to the office in January, 2011 when Jeb Spaulding resigned to become Secretary of Administration in the cabinet of Governor Peter Shumlin, and was subsequently elected and re-elected. Pearce had been Spaulding's deputy.[5][6]

  1. ^ About the Treasurer's Office page Archived 2011-12-04 at the Wayback Machine, Vermont State Treasurer's web site, accessed November 26, 2011
  2. ^ "Constitution of the State of Vermont". Vermont General Assembly. Retrieved August 23, 2019.
  3. ^ "3 V.S.A. § 1 — Vacancy, absence from State". Vermont General Assembly. Retrieved August 23, 2019.
  4. ^ "20 V.S.A. § 183 — Additional successor to office of governor". Vermont General Assembly. Retrieved August 23, 2019.
  5. ^ Press Release, Governor-Elect Shumlin Appoints Beth Pearce as Vermont’s Next State Treasurer Archived 2012-04-26 at the Wayback Machine, by Shumlin for Governor Campaign, December 20, 2010
  6. ^ News story, Deputy Vt. Treasurer to Take Top Job Archived 2012-04-06 at the Wayback Machine, WCAX-TV, December 20, 2010