Office of the New Jersey State Treasurer

New Jersey Department of the Treasury

The Office of the State Treasurer serves as the executive head of the New Jersey Department of the Treasury, functioning as the chief financial steward for the Garden State. Located in the heart of the Trenton capitol complex at 125 West State Street, this department is responsible for the formulation of the state budget, the management of state debt, and the oversight of all financial transactions involving public funds. The Treasurer, a constitutional officer appointed by the Governor, guides a vast agency that affects every resident through tax collection, lottery administration, and the management of public employee benefits.

Fiscal Responsibilities and Divisions

The Department is comprised of several critical divisions that ensure the state’s financial health:

• Division of Taxation: Administers the state’s tax laws, collecting revenues from income, sales, and corporate taxes to fund public services.
• Division of Investment: Manages the investment of assets for the New Jersey Pension Fund, one of the largest public pension systems in the United States.
• Office of Management and Budget (OMB): Prepares the Governor’s annual budget and monitors spending across all state agencies to ensure fiscal responsibility.
• State Lottery: Operates the New Jersey Lottery, which generates revenue dedicated to supporting the state’s public employee pension system.

Location and Access

The Treasurer’s main office is situated within the historic State House district. As a high-level government facility, access is restricted and typically requires an appointment or official business. Visitors must pass through rigorous security screening, including metal detectors and bag checks, similar to airport protocols. The location is easily accessible via public transit, with multiple bus lines serving West State Street and the nearby Trenton Transit Center providing rail connections.