Treasurer of State

The basics

Term

4 years. ^[5]

Term limit

No more than eight years in any twelve-year period (Ind. Const. Art. 6, Sec. 1). ^[5]

Who may stand

Party nominees are chosen at state conventions. ^[6]

On the 2026 ballot

1 race in Indiana

What the law puts in this job

• Responsible for the safekeeping and investment of money and securities paid into the state treasury. ^[1]
• The office says it oversees management of over $16 billion daily and that the Treasurer chairs the Indiana Bond Bank, the Statewide 911 Board, the Indiana Education Savings Authority (529 plans) and the ABLE Authority, and is sole trustee of the State Police Pension Trust. ^[2]
• Member of the State Board of Finance. ^[3]
• Administers appropriations for the Indiana Education Scholarship Account and Career Scholarship Account programs and the prepaid 911 fee in the 2025-27 budget. ^[4]

What the officeholder decides

• Investment policy for state funds as interest rates change (the office reports $1.24 billion of general-fund investment earnings since 2023). ^[9]
• Administration and funding requests for the Indiana Education Scholarship Account and Career Scholarship Account programs, which had one-year FY2026 appropriations in HEA 1001-2025. ^[9]
• Bond Bank lending to local governments as SEA 1 changes local revenue; 911 Board decisions on the statewide 911 fee and PSAP distributions. ^[9]
• 529 college-savings and ABLE plan decisions through the Education Savings Authority and ABLE Authority. ^[9]

Who the officeholder answers to

• Voters; General Assembly appropriations; State Board of Accounts audit; the boards the Treasurer chairs have their own members. ^{[4, 2]}

What it pays, and who sets that

• 66% of a Supreme Court justice's salary (IC 4-2-1-1.5); reported as $145,876 for 2025. ^{[7, 8]}

What the state spends on it

• Operating appropriation: $2.0 million a year for FY2026 and FY2027 (HEA 1001-2025). ^[10]
• All-funds totals under agency 00048 include pass-through and trust money (state police retirement pension payments of about $37.5M a year, county innkeeper/CIF distributions, abandoned property payments, the prepaid 911 fee and scholarship-account grants); the operating fund is the cost of running the office. ^[11]

Questions worth asking a candidate

Ours, not a questionnaire anyone answered. They come from what the job actually involves.

• How would you balance investment return against safety and liquidity for state funds?
• Which boards you would chair matter most to ordinary Hoosiers, and what would you change at them?
• How should the office run the education scholarship accounts it administers?

Sources

Office research by Legal Insights (Oct. 13, 2026): Indiana Code 2026 edition, state agencies and county budgets. Nothing here rates an officeholder or candidate.