Arkansas Treasurer election, 2024
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Arkansas Treasurer |
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Election details |
Filing deadline: November 14, 2023 |
Primary: March 5, 2024 Primary runoff: April 2, 2024 General: November 5, 2024 Pre-election incumbent(s): Larry Walther (R) |
How to vote |
Poll times: 7:30 a.m. to 7:30 p.m. Voting in Arkansas |
Ballotpedia analysis |
Federal and state primary competitiveness State executive elections in 2024 Impact of term limits in 2024 State government trifectas State government triplexes Ballotpedia's Election Analysis Hub, 2024 |
Arkansas executive elections |
Treasurer |
Arkansas held a special election for treasurer on November 5, 2024. The primary was March 5, 2024, and a primary runoff was April 2, 2024. The filing deadline was November 14, 2023.
John Thurston won election in the special general election for Arkansas Treasurer.
Candidates and election results
General election
Special general election for Arkansas Treasurer
John Thurston defeated John Pagan and Michael Pakko in the special general election for Arkansas Treasurer on November 5, 2024.
Candidate | % | Votes | ||
✔ | John Thurston (R) | 65.4 | 755,156 | |
John Pagan (D) | 30.3 | 350,210 | ||
Michael Pakko (L) | 4.3 | 49,847 |
Total votes: 1,155,213 | ||||
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Democratic primary election
Special Democratic primary for Arkansas Treasurer
John Pagan advanced from the special Democratic primary for Arkansas Treasurer on March 5, 2024.
Candidate | ||
✔ | John Pagan |
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Republican primary election
Special Republican primary for Arkansas Treasurer
John Thurston advanced from the special Republican primary for Arkansas Treasurer on March 5, 2024.
Candidate | ||
✔ | John Thurston |
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Libertarian convention
Special Libertarian convention for Arkansas Treasurer
Michael Pakko advanced from the special Libertarian convention for Arkansas Treasurer on February 25, 2024.
Candidate | ||
✔ | Michael Pakko (L) |
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Ballotpedia's Candidate Connection survey responses
Ballotpedia asks all federal, state, and local candidates to complete a survey and share what motivates them on political and personal levels. The section below shows responses from candidates in this race who completed Ballotpedia's Candidate Connection survey. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well.
Survey responses from candidates in this race
Click on a candidate's name to visit their Ballotpedia page.
Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. Ballotpedia does not edit or correct typographical errors unless the candidate's campaign requests it.
Collapse all
|John Pagan (D)
The Treasurer is the state's banker and chief investment officer. He or she receives and disburses government funds and manages the Treasury's $11.6 billion investment portfolio. The Treasurer also serves as a Trustee of the Teacher Retirement System ($22 billion), the Public Employee Retirement System ($11.5 billion), and the State Highway Employees' Retirement System ($1.6 billion).
John knows how to manage a complex organization such as the Treasury. As a law school dean, he administered multi-million dollar budgets. His service as a JP and senator taught him how the state's financial system actually works.
John Pagan will be careful with the taxpayers' money and will maintain total transparency in Treasury operations.
As State Treasurer, John will make sure that taxpayers stay fully informed about his administration of public funds. The Treasury's website will make it easy to follow the money as he and his staff receive revenues, pay bills, disburse funds to state and local government agencies, and manage investments. He will post an up-to-date inventory of the Treasury's investment portfolio (bonds, money-market accounts, mortgage-backed securities, commercial paper, certificates of deposit, and other financial assets) so taxpayers can see where the Treasury has invested their money and monitor how well we have performed.
John Pagan will strive to make higher education and job training more affordable for all Arkansans.
Michael Pakko (L)
PhD in Economics - After studying public policy and economics at Michigan State University, I went on to earn my MA and PhD from the University of Rochester.
Experience in the Federal Reserve - Including my time as an undergraduate intern, research assistant, research economist, and officer, I spent nearly 20 years in the Federal Reserve system.
Arkansas Economist - For the past 15 years, I have been engaged in providing information and analysis about the Arkansas economy.
I seek not only to carry out the administrative responsibilities of State Treasurer, but also to bring a higher public profile to the office. In particular, I will use my skills as an economist, data analyst, and communicator to provide greater “fiscal transparency” to the Treasurer’s office and state government finances.
I would make it my mission to bring information and analysis of state finances to my stakeholders: the people of Arkansas.
I'm not a Republican and not a Democrat.
In considering the choice of who to elect as State Treasurer--the public official responsible for overseeing the people's hard-earned tax dollars--perhaps the best person for the position is someone who is NOT part of the two-party system that has monopolized our government for over 150 years.
If you share my belief that the two-party system has led us into a dead-end of bickering, posturing, hyper-partisan politicians running our government, then express your dissatisfaction with a vote of support for a candidate representing an alternative.John Pagan (D)
Michael Pakko (L)
John Pagan (D)
Michael Pakko (L)
John Pagan (D)
John Pagan (D)
John Pagan (D)
Michael Pakko (L)
John Pagan (D)
Michael Pakko (L)
First, I remember when President Lyndon Johnson was on TV, saying that he would not run for reelection. I was aware that it was a momentous event. At the tender age of 7, I had already begun to fear a future in which I would be drafted and sent to the jungles of Vietnam.
Six years later, I was captivated by watching the Watergate scandal unfold. I was only 13 years old, but the drama of the story drew me in. I remember watching Nixon's farewell address to the White House staff and thinking what a tragic character he was. It was not until years later, after learning about Shakespearian tragedy, that I understood how true that sentiment was.
These were two examples of historic events that shaped my view of politics and public service. In both cases, the will of the people and the demand for accountability in their elected officials overwhelmed the hubris of the powerful politicians.John Pagan (D)
Michael Pakko (L)
John Pagan (D)
Michael Pakko (L)
John Pagan (D)
Michael Pakko (L)
But the fact of the matter is that the Treasurer's office is staffed by career professionals who maintain all the books and compile all the required reports. The State Treasurer is just the politically-elected CEO of this operation. In business, the role of a CEO includes making sure that the operating officers of the organization are doing their jobs, with the ability to step in and help when necessary. But primarily, the CEO addresses the outside environment of the organization—its stakeholders. In this case, the stakeholders are the voters.
That's why I see the role of State Treasurer as requiring a different skill-set than held by a typical career politician. Previous experience in government of politics is secondary to the qualifications required for understanding and directing policies on state finances, and for clearly communicating those policies to the public.John Pagan (D)
Michael Pakko (L)
Analytical and technical skills to evaluate the state's investment policies.
Ability to communicate effectively.Michael Pakko (L)
John Pagan (D)
John Pagan (D)
Michael Pakko (L)
John Pagan (D)
Past elections
The section below details election results for this office in elections dating back to 2012.
2022
- See also: Arkansas Treasurer election, 2022
General election
General election for Arkansas Treasurer
Mark Lowery defeated Pam Whitaker in the general election for Arkansas Treasurer on November 8, 2022.
Candidate | % | Votes | ||
✔ | Mark Lowery (R) | 66.3 | 592,634 | |
Pam Whitaker (D) | 33.7 | 301,600 |
Total votes: 894,234 | ||||
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Democratic primary election
The Democratic primary election was canceled. Pam Whitaker advanced from the Democratic primary for Arkansas Treasurer.
Republican primary election
Republican primary for Arkansas Treasurer
Mark Lowery defeated Mathew Pitsch in the Republican primary for Arkansas Treasurer on May 24, 2022.
Candidate | % | Votes | ||
✔ | Mark Lowery | 74.8 | 239,360 | |
Mathew Pitsch | 25.2 | 80,565 |
Total votes: 319,925 | ||||
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2018
- See also: Arkansas Treasurer election, 2018
General election
General election for Arkansas Treasurer
Incumbent Dennis Milligan defeated Ashley Ewald in the general election for Arkansas Treasurer on November 6, 2018.
Candidate | % | Votes | ||
✔ | Dennis Milligan (R) | 70.9 | 611,189 | |
Ashley Ewald (L) | 29.1 | 250,943 |
Total votes: 862,132 | ||||
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
Do you want a spreadsheet of this type of data? Contact our sales team. |
Republican primary election
Republican primary for Arkansas Treasurer
Incumbent Dennis Milligan advanced from the Republican primary for Arkansas Treasurer on May 22, 2018.
Candidate | ||
✔ | Dennis Milligan |
If you are a candidate and would like to tell readers and voters more about why they should vote for you, complete the Ballotpedia Candidate Connection Survey. | ||||
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2014
Treasurer of Arkansas, 2014 | ||||
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Party | Candidate | Vote % | Votes | |
Republican | 56.4% | 466,959 | ||
Democratic | Karen Sealy Garcia | 37.3% | 308,663 | |
Libertarian | Chris Hayes | 6.4% | 52,640 | |
Total Votes | 828,262 | |||
Election results via Arkansas Secretary of State |
Election analysis
Click the tabs below to view information about demographics, past elections, and partisan control of the state.
- Presidential elections - Information about presidential elections in the state.
- Statewide elections - Information about recent U.S. Senate and gubernatorial elections in the state.
- State partisanship - The partisan makeup of the state's congressional delegation and state government.
- Demographics - Information about the state's demographics and how they compare to the country as a whole.
Cook PVI by congressional district
Cook Political Report's Partisan Voter Index for Arkansas, 2024 | |||
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District | Incumbent | Party | PVI |
Arkansas' 1st | Rick Crawford | R+22 | |
Arkansas' 2nd | French Hill | R+9 | |
Arkansas' 3rd | Steve Womack | R+15 | |
Arkansas' 4th | Bruce Westerman | R+20 |
2020 presidential results by 2024 congressional district lines
2020 presidential results in congressional districts based on 2024 district lines, Arkansas[1] | ||||
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District | Joe Biden |
Donald Trump | ||
Arkansas' 1st | 28.1% | 69.0% | ||
Arkansas' 2nd | 42.1% | 55.2% | ||
Arkansas' 3rd | 36.8% | 60.2% | ||
Arkansas' 4th | 31.0% | 66.2% |
2012-2020
How a state's counties vote in a presidential election and the size of those counties can provide additional insights into election outcomes at other levels of government including statewide and congressional races. Below, four categories are used to describe each county's voting pattern over the 2012, 2016, and 2020 presidential elections: Solid, Trending, Battleground, and New. Click [show] on the table below for examples:
County-level voting pattern categories | |||||||
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Democratic | |||||||
Status | 2012 | 2016 | 2020 | ||||
Solid Democratic | D | D | D | ||||
Trending Democratic | R | D | D | ||||
Battleground Democratic | D | R | D | ||||
New Democratic | R | R | D | ||||
Republican | |||||||
Status | 2012 | 2016 | 2020 | ||||
Solid Republican | R | R | R | ||||
Trending Republican | D | R | R | ||||
Battleground Republican | R | D | R | ||||
New Republican | D | D | R |
Following the 2020 presidential election, 80.4% of Arkansans lived in one of the state's 66 Solid Republican counties, which voted for the Republican presidential candidate in every election from 2012 to 2020, and 19.4% lived in one of eight Solid Democratic counties. Overall, Arkansas was Solid Republican, having voted for Mitt Romney (R) in 2012, Donald Trump (R) in 2016, and Donald Trump (R) in 2020. Use the table below to view the total number of each type of county in Arkansas following the 2020 election as well as the overall percentage of the state population located in each county type.
Arkansas county-level statistics, 2020 | |||||||
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Solid Republican | 66 | 80.4% | |||||
Solid Democratic | 8 | 19.4% | |||||
Trending Republican | 1 | 0.2% | |||||
Total voted Democratic | 8 | 19.4% | |||||
Total voted Republican | 67 | 80.6% |
Historical voting trends
Arkansas presidential election results (1900-2020)
- 20 Democratic wins
- 10 Republican wins
- 1 other win
Year | 1900 | 1904 | 1908 | 1912 | 1916 | 1920 | 1924 | 1928 | 1932 | 1936 | 1940 | 1944 | 1948 | 1952 | 1956 | 1960 | 1964 | 1968 | 1972 | 1976 | 1980 | 1984 | 1988 | 1992 | 1996 | 2000 | 2004 | 2008 | 2012 | 2016 | 2020 |
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Winning Party | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | AI[2] | R | D | R | R | R | D | D | R | R | R | R | R | R |
This section details the results of the five most recent U.S. Senate and gubernatorial elections held in the state.
U.S. Senate elections
The table below details the vote in the five most recent U.S. Senate races in Arkansas.
U.S. Senate election results in Arkansas | ||
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Race | Winner | Runner up |
2022 | 65.7% |
31.1% |
2020 | 66.5% |
33.5% |
2016 | 59.7% |
36.3% |
2014 | 56.5% |
39.4% |
2010 | 58.0% |
36.9% |
Average | 64.0 | 33.3 |
Gubernatorial elections
- See also: Governor of Arkansas
The table below details the vote in the five most recent gubernatorial elections in Arkansas.
Gubernatorial election results in Arkansas | ||
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Race | Winner | Runner up |
2022 | 63.0% |
35.2% |
2018 | 65.3% |
31.8% |
2014 | 55.4% |
41.5% |
2010 | 64.4% |
33.6% |
2006 | 55.6% |
40.7% |
Average | 58.5 | 38.9 |
Congressional delegation
The table below displays the partisan composition of Arkansas' congressional delegation as of May 2024.
Congressional Partisan Breakdown from Arkansas | |||
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Party | U.S. Senate | U.S. House | Total |
Democratic | 0 | 0 | 0 |
Republican | 2 | 4 | 6 |
Independent | 0 | 0 | 0 |
Vacancies | 0 | 0 | 0 |
Total | 2 | 4 | 6 |
State executive
The table below displays the officeholders in Arkansas' top four state executive offices as of May 2024.
State executive officials in Arkansas, May 2024 | |
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Office | Officeholder |
Governor | |
Lieutenant Governor | |
Secretary of State | |
Attorney General |
State legislature
Arkansas State Senate
Party | As of February 2024 | |
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Democratic Party | 6 | |
Republican Party | 29 | |
Independent | 0 | |
Other | 0 | |
Vacancies | 0 | |
Total | 35 |
Arkansas House of Representatives
Party | As of February 2024 | |
---|---|---|
Democratic Party | 18 | |
Republican Party | 82 | |
Other | 0 | |
Vacancies | 0 | |
Total | 100 |
Trifecta control
The table below shows the state's trifecta status from 1992 until the 2024 election.
Arkansas Party Control: 1992-2024
Eleven years of Democratic trifectas • Ten years of Republican trifectas
Scroll left and right on the table below to view more years.
Year | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 00 | 01 | 02 | 03 | 04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |
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Governor | D | D | D | D | D | R | R | R | R | R | R | R | R | R | R | D | D | D | D | D | D | D | D | R | R | R | R | R | R | R | R | R | R |
Senate | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | R | R | R | R | R | R | R | R | R | R | R | R |
House | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | D | R | R | R | R | R | R | R | R | R | R | R | R |
The table below details demographic data in Arkansas and compares it to the broader United States as of 2022.
Demographic Data for Arkansas | ||
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Arkansas | United States | |
Population | 3,011,524 | 331,449,281 |
Land area (sq mi) | 51,991 | 3,531,905 |
Race and ethnicity** | ||
White | 72.7% | 65.9% |
Black/African American | 15.1% | 12.5% |
Asian | 1.6% | 5.8% |
Native American | 0.6% | 0.8% |
Pacific Islander | 0.4% | 0.2% |
Two or more | 6.7% | 8.8% |
Hispanic/Latino | 8.1% | 18.7% |
Education | ||
High school graduation rate | 88.2% | 89.1% |
College graduation rate | 24.7% | 34.3% |
Income | ||
Median household income | $56,335 | $75,149 |
Persons below poverty level | 11.6% | 8.8% |
Source: population provided by U.S. Census Bureau, "Decennial Census" (2020). Other figures provided by U.S. Census Bureau, "American Community Survey" (5-year estimates 2017-2022). | ||
**Note: Percentages for race and ethnicity may add up to more than 100 percent because respondents may report more than one race and the Hispanic/Latino ethnicity may be selected in conjunction with any race. Read more about race and ethnicity in the census here. |
About state financial officers (SFO's)
Environmental, social, and corporate governance |
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•What is ESG? • Arguments for and against ESG • Opposition to ESG • Economy and Society: Ballotpedia's weekly ESG newsletter • State financial officer stances on ESG, 2022-2023 |
Different states have different names for state financial officers, but they all fall into three groups: treasurers, auditors, and controllers.
Broadly, these officials are responsible for things like auditing other government offices, managing payroll, and overseeing pensions. In some states, certain SFOs are also responsible for investing state retirement and trust funds, meaning they decide where that public money goes.
Because of the role SFOs play in managing public investments, they have been involved in debates over environmental, social, and corporate governance (ESG). ESG refers to an investment or corporate governance approach that involves considering the extent to which corporations conform to certain standards related to environmental, social, and corporate governance issues (such as net carbon emission or corporate board diversity goals) and making business and investment decisions that promote those standards.
See also
Arkansas | State Executive Elections | News and Analysis |
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External links
Footnotes
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