Address: Room 102, Providence, RI 02903
Description: The General Treasurer is elected by the people every four years. The Treasury Department consists of the following divisions: Business Operations; Crime Victim Compensation; EmployeesÂ’ Retirement System of Rhode Island; Finance and Investments including Cash Management, Debt Management, and Funds Operations Management; and Unclaimed Property. The annual budget for the General TreasurerÂ’s office is approximately 28 million. Finance and Investments manages approximately $6.3 billion, including $300 million in cash and $6 billion in pensions. The General Treasurer serves as Chair on various boards and commissions such as the RI State EmployeesÂ’ Retirement Board; RI Refunding Board Authority; and RI Public Finance Management Board. He also serves as a Commissioner of the RI Housing and Mortgage Finance Corporation and a Director on the Rhode Island Higher Education Assistance Authority.