NEW JERSEY
STATE TREASURER
ANDREW SIDAMON-ERISTOFF
Department of the Treasury
P.O. Box 002
Trenton, NJ 08625-0002
Tel: 609-292-6748
Fax: 609-984-3888
Website: www.state.nj.us/treasury
Selection Method: Appointed by the Governor
Term Length: Pleasure of the Governor
Term Limit: Pleasure of the Governor
Served: Since January 2010
Salary: $141,000
KEY STAFF
Robert Romano, Deputy State Treasurer
609-984-2512
David Ridolfino, Associate Deputy State Treasurer
609-633-8185
Jim Leonard, Chief of Staff
609-633-6607
William Quinn, Communications Director
609-633-6565
Sharon Alessi, Executive Assistant
609-984-3955
OFFICE OF THE TREASURER
Total Number of Employees: 3,259
Size of Treasury Annual Budget: $459.4 million
Size of Portfolio Managed by Treasury: $71.7 billion
The Department of the Treasury administers the state
budget and plays a leading role in the daily operation of New Jersey State government. The treasurer is
supported by 3,259 employees who work in two dozen
divisions and offices to deliver on four core mission
areas: revenue collection and generation, asset management, service to the public and local governments
and statewide support services. The Office of the State
Treasurer ensures the integration of the department’s
various responsibilities, which range from taxation, the
state lottery, public finance, all of state purchasing and
state building management as well as the administration and investment of all pension and health benefits
plans and assets.
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BIOGRAPHICAL SKETCH
Treasurer Sidamon-Eristoff currently resides in
Princeton. Married; three children. Bachelor’s degree,
Princeton University; J.D., Georgetown University.
Treasurer Sidamon-Eristoff was confirmed by the
State Senate and sworn in as State Treasurer on
Feb. 22, 2010. He served as Acting State Treasurer
beginning Jan. 19, 2010, soon after Gov. Chris Christie
announced his nomination.
Treasurer Sidamon-Eristoff has been a leader in
public sector budget, revenue and tax system
administration. From 2003 to 2006, he served as
Commissioner of the New York State Department
of Taxation and Finance, the nation’s second largest
state revenue administration. From 1999 to 2002,
he was New York City Commissioner of Finance.
He was elected three times to the New York City
Council, as a Republican representing Manhattan, where he served from 1993 to 1999. He also
served as a legislative counsel in the New York State
Senate. Prior to entering public service, Treasurer
Sidamon-Eristoff was an associate at the law firm of
Webster and Sheffield, specializing in federal and
state income tax planning and compliance.
Between the end of 2006 and the end of 2008, he
performed a series of short-term consulting assignments for Chemonics International, an international
development consulting firm, then executing a
Business Climate Reform Project in the Republic
of Georgia for the U.S. Agency for International
Development.
NATIONAL ASSOCIATION OF STATE TREASURERS
ABOUT THE TREASURY
Capitol Post Office (27 employees): Provides postal
services to all state departments.
Central Motor Pool (90 employees): Operates and
oversees the maintenance and repair facilities servicing
state-owned motor vehicles and has legal ownership
of all state vehicles and prescribes rules and regulations
aimed at promoting efficient and effective use of the
fleet.
Construction Management Services (35 employees):
Procures and administers all architectural, engineering
design and construction services for new facilities, as
well as the renovation and rehabilitation of existing
facilities.
Contract Compliance and Equal Opportunity in
Public Contracts (18 employees): Monitors all public
contracts awarded by state, county and local government agencies in New Jersey to ensure contractors,
subcontractors and businesses afford equal employment
opportunity in performance of their contracts for
minorities and women.
Distribution Center (52 employees): Maintains a
centralized warehouse and distribution center to permit bulk purchases for all state departments. Performs
product testing and inspections and supervises the
disposition of state surplus property.
Employee Relations (9 employees): Conducts
negotiations with unions and other representatives of
state employees and provides assistance to agencies
concerning employee relations activities.
Garden State Preservation Trust (1 employee):
Coordinates New Jersey’s land and historic preservation
goals and programs.
Investment (65 employees): Manages investment of
New Jersey’s Pension Fund, which ranks among the
nation’s top private and public pension funds, with
assets of $66.8 billion on June 30, 2010. Also manages
other separate investment funds; with the largest
being the state’s Cash Management Fund and the
Supplemental Annuity Collective Trust Fund, a 403(b)
plan. The Pension Fund serves seven public retirement
systems and provides benefits for more than 780,000
current and future retirees.
Management and Administration (209 employees):
Develops and exercises policy control over agency
program planning and management, fiscal administration, personnel management and technology
management. Provides administrative support to the
governor’s office, public advocate and other agencies.
STATE TREASURY PROFILES
Office of Management and Budget (138 employees):
Plans for the most beneficial use of fiscal resources to
meet the needs of the citizens of New Jersey within
the policy framework set by the governor in the immediate budget year. Assures financial responsibility and
accountability and provides current, relevant financial
information for management and the public.
Pensions and Benefits (291 employees): Manages
the state pension system and administers all employee
benefit accounts.
Public Finance (5 employees): The Office of Public
Finance oversees the issuance of debt. This office is the
prime agency for all debt issuance and management
as well as credit considerations affecting New Jersey
in the capital markets. Additionally, this office has responsibility for the timely and accurate tracking and
reporting of all state debt issuance and ensuring the
timely payment of debt service.
Print Shop (20 employees): Provides centralized
printing services to state agencies.
Property Management Services (152 employees):
Provides for the central management of the rental and
lease of real property, disposal of surplus state real
property and purchase of real property, and effective
management of employee housing.
Purchase and Property (91 employees): Serves as
the state’s central procurement agency through the
bidding and contracting of contracts valued at roughly
$1.75 billion annually.
Revenue (345 employees): Oversees and coordinates
collection and processing of revenues arising from state
taxation, motor vehicle licensing and regulation and
environmental protection laws and regulations. Provides
revenue collection through integrated receipts processing and aggressive management of public accounts
receivable.
Risk Management (49 employees): Operates to reduce
the adverse impact of catastrophic pure loss on state
operations and budgets through a combination of risk
management and loss prevention techniques.
State Lottery (125 employees): Develops and markets
a variety of entertaining and appealing lottery game
products and promotions to consumers through a
6,100-member retailer network in order to maximize
revenue generation to support education and
institutions.
Taxation Services and Administration
(1,413 employees): Administers the tax laws of
the state so that all properly due taxes are collected.
Unclaimed property manages the collection and
distribution of unclaimed property in New Jersey.
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