Treasurer, Indiana

State

CORE PURPOSE:

Promote the General Welfare

Quick Facts

Holder(s):

Daniel Elliott

Term:

4 years

Method:

Elected

Level:

State

Oath Administered By:

Chief Justice of the Indiana Supreme Court

Role Overview

Manages state investments, safeguards funds, oversees financial programs, and serves as chief investment officer.

Constitutional Mandate:

Ensures fiscal stability (Ind. Const. Art. 6, Sec. 1).

Key Competencies:

Financial expertise, integrity, and fiscal responsibility.

Potential Weaknesses:

• Investment Losses: Market volatility could reduce returns, delaying local aid (~$100M at stake for counties like St. Joseph).
• Compliance Errors: Mismanagement of unclaimed property risks lawsuits or fines (~$millions liability).
• Political Pressures: Re-election bids (Elliott's 2025 announcement) may influence decisions, eroding impartiality.
• Resource Strain: High-volume distributions overload staff, causing delays in county payments.
• Transparency Gaps: Perceived favoritism in reforms invites audits or public distrust.

I solemnly swear (or affirm) that I will support the Constitution of the United States and the Constitution of the State of Indiana, and that I will faithfully and impartially discharge the duties of the office of State Treasurer to the best of my ability. So help me God.