North Carolina Treasurer, Democratic Primary
The chief financial officer of the state, tasked with managing the state's investments
Full office description
- The Treasurer is the State’s chief financial officer, officer banker, and a member of the Council of State. They are chiefly in charge of making sure the state remains in good financial health.
- The Treasurer manages NC’s pension and healthcare plans. The North Carolina Retirement System is a division of the Department of State Treasurer, which administers the pensions of state and local employees.
- The Treasurer is the official depository and investor of the State’s funds, meaning they are responsible for managing the state’s investments and borrowing activities.
- The Treasurer provides financial support to local governments. They are in charge of receipt and disbursement of funds while making sure the funds meet all obligations of the state.
- The Treasurer is elected for a 4-year term. This position has no term limit.
How this impacts you
Financial Management — The treasurer advises local agencies with financial management. They also manage the state’s public debt and are responsible for preventing unwise borrowing.
Corruption — The Treasurer can fight corruption, as they are responsible for the receipt, custody, and disbursement of all state funds.
