Tobias Read is Oregon’s 29th state treasurer. Born in Montana and raised in Idaho, he moved to Salem, Oregon to attend Willamette University before getting his Master of Business Administration degree at the University of Washington. He brings a wide range of public-sector and private-sector experience to the office—he worked for two U.S. Treasury secretaries, at the Nike Corporation, and has most recently served as a state representative in Oregon for a decade.
As a state representative, Tobias was known for focusing on the issues that contribute to a growing economy—a high-quality education, innovation, and funding for our roads and bridges. He strove to fund full-day kindergarten and give every district the opportunity to offer it. During the 2015 legislative session, he led the effort to pass the Oregon Retirement Savings Plan, making it easier for more than a million Oregonians who don’t get retirement plans from their employers to save for their retirements.
As state treasurer, Tobias’ first priority is to focus on managing Oregon’s money responsibly and with transparency. He is also working hard to help Oregonians save for college and retirement so that everyone in Oregon has a chance to succeed.
Tobias lives in Beaverton with his wife Heidi and their two children.
State Treasurer's Duties
159 State Capitol, 900 Court St. NE, Salem 97301-4043; 503-378-4329
Tobias Read, Beaverton; Democrat; elected 2016; term expires January 2021.
The state treasurer is a constitutional officer and a statewide elected official. The treasurer is elected to a four-year term and is limited to two consecutive terms in office during any 12-year period.
The treasurer serves as the chief financial officer for the state and is responsible for the prudent financial management of billions of taxpayer dollars. The treasurer also serves as the state’s chief investment officer and has the duty of investing the monies of numerous funds such as the Public Employees Retirement Fund, the State Accident Insurance Fund and the Common School Fund.
The treasurer serves on a variety of state financial boards and on the State Land Board, which has a fiduciary duty to manage state trust lands for the benefit of the Common School Fund.
The Office of the State Treasurer is a highly sophisticated organization with a wide range of financial responsibilities, including managing the investment of state funds, issuing state bonds, serving as the central bank for state agencies and administering the Oregon 529 College Savings Network.
The treasurer manages a portfolio of about $88 billion, with investments diversified across a spectrum of asset classes from stocks to real estate.