General Treasurer of Rhode Island

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General Treasurer of Rhode Island
General treasurer of rhode island logo.jpg
James Diossa, Rhode Island General Treasurer.jpg
Incumbent
James Diossa
since January 3, 2023
Department of Treasury
Style The Honorable
Member ofExecutive Branch
Seat State House, Providence, Rhode Island
Term length Four years
Renewal once
Constituting instrument Constitution of Rhode Island
Formation1663 (by law passed under The Royal Charter of 1663) [1]
1842 (by ratification of the Constitution of Rhode Island) [1]
First holderStephen Cahoone (under 1842 Constitution) [2]
SuccessionElection by joint session of the Rhode Island General Assembly
Website www.treasury.ri.gov

The General Treasurer of Rhode Island is one of the five general state officers directly elected by the voters and serves as the custodian of state funds for the Rhode Island government. [3] The General Treasurer is tasked with managing the state's finances and serves on a variety of boards and commissions. [3] The current General Treasurer is Democrat James Diossa.

Contents

Responsibilities

The General Treasurer "is responsible for the safe and prudent management of the State’s finances." [3] The Office of the General Treasurer has stated that its mission is " to protect the state's assets with sound financial investments, strengthen the state’s financial position, encourage economic growth, operate with transparency and accountability, and ensure Rhode Islanders benefit from exceptional performance through all of the programs the office manages." [1] As part of this mission, the General Treasurer's Office "reconciles and disburses most state funds, issues general obligation notes and bonds, manages the investment of state funds, and oversees the retirement system for state employees, teachers, state police, judges and some municipal employees" and "is also responsible for the management of the Unclaimed Property Division and the Crime Victim Compensation Program as well as oversight of the investments for the state-sponsored CollegeBound fund." [1]

The General Treasurer also serves on the board of the Rhode Island Infrastructure Bank, the State Investment Commission, the State Retirement Board, the Public Finance Management Board, the Rhode Island Housing and Mortgage Finance Corporation, the Rhode Island Student Loan Authority and the Rhode Island School Building Authority, and he co-chairs of the Rhode Island School Building Task Force. [3]

Officeholders

#NamePolitical PartyTerm of Office
1Joseph ClarkAnti-Administration Democratic-Republican 1775–1792
2 Henry Sherburne Federalist 1793–1807
3Constant TaborDemocratic-Republican1808-1810
4William EnnisFederalist1811-1816
5Thomas G. Pitman Democrat 1817-1838
6John Sterne Whig 1839
7Stephen Cahoone Law and Order 1840–1850
8Edwin WilburDemocrat1851–1853
10Samuel B. VernonWhig1854
11Samuel A. Parker Republican 1855–1865
12George W. TewRepublican1866–1867
13Samuel A. ParkerRepublican1868–1871
14Samuel ClarkRepublican1872–1886
15John G. PerryDemocrat1887
16Samuel ClarkRepublican1888–1889
17John G. PerryDemocrat1890
18Samuel ClarkRepublican1891–1897
19Clinton D. SkewRepublican1898
20Walter A. ReadRepublican1898–1918
21Richard W. JenningsRepublican1919–1922
22Adolphus C. KnowlesRepublican1923–1924
23Richard W. JenningsRepublican1925–1926
24 George C. Clark (8411824505).jpg George C. ClarkRepublican1927–1932
25Antonio PrinceDemocrat1933–1935
26Percival de St. AubinRepublican1936
27Henry A. RobergeDemocrat1937–1938
28Thomas P. HazardRepublican1939–1940
29Russell H. HandyDemocrat1941–1948
30Raymond HawksleyDemocrat1949–1976
31Anthony J. SolomonDemocrat1977–1984
32 Roger N. Begin Democrat1985–1988
33Anthony J. SolomonDemocrat1989–1992
34 Nancy Mayer Republican1993–1999
35 Paul J. Tavares Democrat1999–2007
36 Frank Caprio (cropped).JPG Frank T. Caprio Democrat2007–2011
37 Gina Raimondo (cropped 2).jpg Gina Raimondo Democrat2011–2015
38 Seth Magaziner (cropped).jpg Seth Magaziner Democrat2015–2023
39 James Diossa, Rhode Island General Treasurer.jpg James Diossa Democrat2023–present

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References

  1. 1 2 3 4 "Rhode Island. Treasury Department (1663-)". State of Rhode Island. Department of State. Retrieved April 7, 2021.
  2. "Historical Rhode Island Points Worth Preserving". Providence Magazine. Providence, RI: Providence Chamber of Commerce. January 1924. Retrieved April 7, 2021.
  3. 1 2 3 4 "About the Office". State of Rhode Island. Office of the General Treasurer. Retrieved April 7, 2021.