State treasurer elections were held on November 7th across the country.
Below you will find election results along with brief bios for those elected for the first time.
Check back to this page for updates as they become available.
Eric Schmitt is a lifelong, sixth-generation Missourian whose public service has been built on a record of championing economic growth, private sector job creation, taxpayer advocacy and fiscal responsibility.
Schmitt’s Missouri constituents have twice elected him to represent the state’s 15th Senate District as a Missouri Senator. As State Senator, Eric has been credited for his leadership as a next-generation conservative, bringing new energy and bold ideas to the forefront and seeking a new era of governance in which initiatives to create private sector jobs and restore fiscal responsibility replace the big government model that has prevented growth and prosperity for Missourians. Eric successfully passed legislation to eliminate the corporate franchise tax and authored two of the largest tax cuts in Missouri history. Eric’s reforms will reduce the personal income tax rate and allow all businesses to deduct 25% of their income. Eric’s roots in Missouri run deep, stretching through six generations of farmers, teachers and small business people who have lived and worked in the Missouri cities of Tipton, Pilot Grove, Louisiana and St. Louis. Growing up in a middle class household, Eric was the first person in his family to go to college right out of high school. He graduated cum laude from Truman State University in Kirksville, and while at Truman founded a Habitat for Humanity Chapter on campus. He earned a scholarship to attend law school at Saint Louis University where he received his Juris Doctorate becoming the first person in his family to graduate from law school.
Prior to his service in the State Senate, Schmitt served in local government as an Alderman for the city of Glendale. Eric’s son, Stephen was born with a rare genetic condition causing tumors on his organs. He also has epilepsy, is on the autism spectrum and is non-verbal. Eric’s son was his inspiration to run for office to be a voice for people like him. One of Eric’s early legislative victories was taking on insurance companies by leading a bipartisan effort to ensure Missouri families are covered when they need it the most – including therapies for autism. Schmitt lives in Glendale with his wife, Jaime, and their three children, Stephen, Sophia and Olivia. He has been an active member of community non-profits, including the Autism Society, Nurses for Newborns, Crisis Nursery and Habitat for Humanity.
Dale Folwell has achieved decades of experience as a highly successful investor and financial consultant. In addition, he has served as Assistant Secretary of Commerce, two years as Speaker Pro Tempore of the North Carolina House of Representatives, four terms as Representative to the NC House, and eight years on the WSFC School Board. Dale has spent many hours volunteering his time helping others and working for charities. He is known across the state as an intelligent, honest person with a big heart. A man of his word, Dale Folwell has a proven track record of working hard and getting things fixed.
Tobias Read brings experience working for the U.S. Treasury Secretary, Nike, and a decade as a State Representative. He fought to fund full-day kindergarten and to make it easier for more than a million Oregonians, who don’t get a retirement plan from their employer, to save for their retirements. Read serves on the Oregon Innovation Council which includes three signature research centers and a roster of industry initiatives that create hundreds of jobs. He lives in Beaverton with his wife Heidi and their two children.
Ambassador (Ret.) Joseph M. Torsella is a successful civic leader who will bring integrity, energy, and vision to the office of Pennsylvania State Treasurer. From 2011 to 2014, Joe was US Ambassador to the UN for Management and Reform. He was the architect and chief public spokesperson for the Obama Administration’s UN reform plans released in 2012, and was the United States government’s lead fiscal watchdog at the UN, from its $36 billion in annual budgets to its $41 billion pension fund to its $2 billion headquarters renovation project. In his tenure, the US reversed a decade-long trend of unbridled growth in UN budgets, brought new transparency to the UN through webcasting of meetings and publication of UN audits, and won milestone reforms toward ending sexual exploitation and abuse of civilian populations by UN peacekeepers and ending the unfair exclusion of Israel in UN bodies. Torsella’s plainspoken style earned him praise from UN watchers and from publications ranging from Le Monde to the New York Post, and he was recognized for his successful use of social media and public diplomacy to promote US policy.
A UN outsider, Joe spoke frankly and colorfully about the need for the UN to end “business as usual” and frequently reminded his UN colleagues that the “obligation to our taxpayers” is to “do more with less.” Prior to his service as an UN Ambassador, Joe served as Chairman of the Pennsylvania State Board of Education. In that role, Joe opened the board’s workings to the public – holding board meetings outside of Harrisburg for the first time in decades – and led the board to set forth an agenda around high school reform, teacher quality, healthy and safe schools, and college affordability. The Board’s hearings and proposals on making higher education more affordable won national notice and sparked legislative action in Pennsylvania. From 1997 to 2003, Joe was the founding President and CEO of the National Constitution Center in Philadelphia, a non-profit museum and education center dedicated to explaining and celebrating American ideas and ideals. As the driving force behind the concept, construction, and opening of the $200 million facility on Independence Mall, Joe led the Constitution Center to international acclaim, financial stability, and an unparalleled institutional reputation.
He returned to the Constitution Center for a second term as CEO from 2006 to 2009, persuading President George H. W. Bush to join the Center as its Chairman, and working to establish the Center’s international program, including democracy education work in Afghanistan. Joe was asked to lead the National Constitution Center by then-Mayor Rendell. Between 1992 and 1993, Joe served as Deputy Mayor for Policy and Planning in Philadelphia under Rendell. He helped devise initiatives that helped resolve a $1.25 billion cumulative deficit. The New York Times hailed this nationally-acclaimed financial recovery as “the most stunning turnaround” in American municipal history. In addition to his career in government, Joe has served in a variety of high profile civic posts. In 2005, he co-chaired the Greater Philadelphia bid for the 2016 Olympic Games. A former successful small business owner, he serves on several corporate boards, and he served as a Distinguished Visiting Fellow in Public Policy at Drexel University. Raised in Berwick, PA, Joe graduated from Wyoming Seminary high school. After graduating with honors from the University of Pennsylvania with a degree in Economics and History, Joe studied at Oxford as a Rhodes Scholar. He lives with his wife, Carolyn P. Short, in Flourtown, Pennsylvania; they have four children.
Duane Davidson took office as Benton County Treasurer in 2003, and was re-elected in 2014 to his fourth term. He is a Certified Public Accountant and keeps his license current. He is currently serving his second term as President for the Washington State Association of County Treasurers (WSACT) and previously served as Treasurer for that organization. He has also served on the Audit, Legislative and Website committees as well as being the historian/ archivist for WSACT. Duane is the past-President for two separate Kiwanis Clubs in the Tri-Cities and currently the Treasurer for the Kiwanis Club of Tri Cities Industry Foundation. He has served as a Church Speaker for Gideon International and as Church Treasurer.
He served as the Chief Financial Accountant for Benton County immediately before his election to County Treasurer. Duane was previously an auditor for the Washington State Auditor’s Office where he served as the Assistant Audit Manager in the Tri-Cities and was also in charge of the Walla Walla regional offices. Duane was born and raised in Carnation, WA graduating from Tolt High School then started his undergraduate education at Bellevue Community College. After transferring to Central Washington University in Ellensburg he received a Bachelor of Science in Accounting. He and his wife Kathy, daughters Bailey and Kinzey, and son Luke presently live in the Tri-Cities.
BOSTON (STATE HOUSE NEWS SERVICE) – Students at a University of Massachusetts campus would be alerted to their total student debt load and estimated monthly payoff amounts under a pilot program proposed by Treasurer Deborah Goldberg.
Goldberg on Wednesday filed a bill that would direct UMass to work with her office and the Department of Higher Education to develop the pilot on one of its campuses. At that campus, enrolled students would receive “an estimate of their total outstanding or pending student loan obligations.”
In addition to the total amount of debt amassed, each student would be given “an estimate of the monthly repayment amounts that a similarly situated borrower may incur, including principal and interest, for the amount of loans the student has taken out at the time the information is provided.”
The treasurer told the News Service that the notices could help students make better decisions about taking on student loan debt and will make them more aware of the debt they are accumulating while attending college.
“We’ve seen that when kids do get the information that they need, they make good decisions. It’s just that there’s so much that they don’t understand,” Goldberg said Wednesday. “This is part of our greater financial literacy work and college savings work also.”
Huge thank you and congratulations to our ABLE Committee Chairs @MOTreasurer @Eric_Schmitt and @ILTreasurer Mike Frerichs for their great job..