Mississippi Treasurer

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Mississippi Treasurer

Seal of Mississippi.jpg

General information
Office Type:  Partisan
Office website:  Official Link
Compensation:  $120,000
2026 FY Budget:  $6,808,433
Term limits:  None
Structure
Length of term:   4 years
Authority:  Mississippi Constitution, Article V, Section 134
Selection Method:  Elected
Current Officeholder(s)

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 Mississippi Treasurer is David McRae (R). McRae assumed office in 2020.

Authority

The treasurer's powers and duties are established by Article V, Section 134 of the Mississippi Constitution.[2]

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:[2]

... 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[3]

Elections

Mississippi state government organizational chart

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

2027

See also: Mississippi Treasurer election, 2027

Note: At this time, Ballotpedia is combining all declared candidates for this election into one list under a general election heading. As primary election dates are published, this information will be updated to separate general election candidates from primary candidates as appropriate.

General election

The general election will occur on November 2, 2027.

General election for Mississippi Treasurer

Incumbent David McRae is running in the general election for Mississippi Treasurer on November 2, 2027.

Candidate
Image of David McRae
David McRae (R)

Incumbents are bolded and underlined.

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Past elections

Expand All
2023
2019
2015
2011
2007
2003


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 2026 was $6,808,433.[5]

Compensation

See also: Compensation of state executive officers
Mississippi Treasurer
YearSalarySource
2025$120,000Source 1
2023$90,000Source 1
2022$90,000Source 1
2021$90,000Source 1
2020$90,000Source 1
2019$90,000Source 1
2018$90,000Source 1
2017$90,000Source 1
2016$90,000Source 1
2015$90,000Source 1
2014$90,000Source 1
2013$90,000Source 1
2012$85,500Source 1

Historical officeholders

Since 1817 Mississippi has had 49 state treasurers.[6]

Click "show" for former officeholders.

Recent news

The link below is to the most recent stories in a Google news search for the terms Mississippi State Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

Mississippi Treasurer - Google News

Contact information

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

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

See also

External links

Footnotes

  1. ↑ 1.0 1.1 State Treasury of Mississippi, "Your Treasury," accessed February 2, 2021
  2. ↑ 2.0 2.1 Mississippi Secretary of State, "The Constitution of the State of Mississippi," accessed February 2, 2021
  3. ↑ ‘’Mississippi Secretary of State, “Qualifications and fees for Mississippi candidates,” accessed February 2, 2021
  4. ↑ Associated Press, "Mississippi - Summary Vote Results," August 04, 2015
  5. ↑ State of Mississippi, "Budget Bulletin fiscal year 2026," accessed October 23, 2025
  6. ↑ Mississippi Secretary of State, "Historical and Statistical Information," accessed February 2, 2021


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