New Mexico State Treasurer


The State Treasurer of New Mexico is an elected constitutional officer in the executive branch serving as the Chief Elected Financial Officer of the state. The State Treasurer is elected to a four-year term and is able to serve up to two consecutive terms; more terms may be served after one full term has intervened.
Currently, Tim Eichenberg is serving as the State Treasurer. He took office on January 1, 2015 after being elected on November 4, 2014.

List of State Treasurers

History of corruption

The office of New Mexico State Treasurer has experienced multiple charges of corruption in recent decades.
In 1975, Treasurer Jesse D. Kornegay pleaded guilty to perjury charges and served time in federal prison.
In 1985, Treasurer Earl Hartley pleaded guilty to malfeasance in office related to the diversion of funds from a treasurer's conference to his personal account. His Deputy Treasurer, Ken Johnson, was also arrested in December 1984 and pleaded guilty in 1985 to extortion. He resigned from the office in 1985 and was succeeded by James B. Lewis, who was appointed by Governor Toney Anaya.
Treasurer David King testified against a State Treasurer division manager, Joseph O. Garcia, who was charged with bribery of a public official after offering King a bribe for investment activities.
In 2005, Treasurer Michael Montoya pleaded guilty to federal charge of extortion, and in 2007 he pleaded guilty to a state charge of racketeering. A Democrat, he served four years in prison.
In 2006, Treasurer Robert E. Vigil was convicted of one count of attempted extortion and was acquitted of 23 counts of extortion and racketeering with regard to the investment of State Funds and served time in Federal prison. Robert E. Vigil was a protege of Michael Montoya. Robert Vigil resigned in December 2005 and was succeeded by Doug Brown, who was appointed by Governor Bill Richardson.