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The treasurer provides for the safe and efficient operation of state government through effective banking, investment, and cash management. The state treasurer has the powers of a typical chief financial officer for a corporation. [1] The State Treasurer of Oklahoma is Todd Russ, who was elected as State Treasurer in the 2022 election.
The Oklahoma Office of Management and Enterprise Services (OMES) is a government agency which manages and supports the basic functioning of the government of Oklahoma.Under the leadership of the Oklahoma Secretary of Agency Accountability, OMES provides financial, property, purchasing, human resources and information technology services to all state agencies, and assists the Governor of ...
The office's major duty is to select banks and investments in which to place state funds to yield profit for the state at large. The treasurer maintains an accurate account of the money received and distributed by the Oklahoma State Treasury. The Treasurer also delivers state warrants, checks, and bonds to the Oklahoma Office of State Finance.
The Board is responsible for determine the assessment ratio for all air carrier, railroad, and public service corporation property in the state. The Board is responsible for providing an estimate of all revenue that will be available for appropriation by the Oklahoma Legislature for the coming year fiscal year .
Oklahoma state law allows for cabinet secretaries to serve concurrently as the head of a state agency and as a cabinet secretary. Historically, the Secretary of Finance has also served as the director of the Oklahoma Office of State Finance. As of 2013, at least two secretaries have served in that dual position.
Paul Monies has been a reporter with Oklahoma Watch since 2017 and covers state agencies and public health. Contact him at (571) 319-3289 or pmonies@oklahomawatch.org . Follow him on Twitter @pmonies.
Todd Russ (born January 8, 1961) is an American politician who has served as the Treasurer of Oklahoma since 2023. A Republican, he previously served in the Oklahoma House of Representatives representing the 55th district from 2009 to 2022.
In the event of a tie between two or more candidates, the Oklahoma Legislature, by joint ballot, chooses one of the candidates. According to Article V of the Oklahoma Constitution require, persons running for the office must be a citizen of the state, a resident of the United States for ten years, and at least thirty-one years of age.