The mission of the New Jersey Department of the Treasury is to formulate and manage the state's budget, generate and collect revenues, disburse the appropriations used to operate New Jersey state government, manage the state's physical and financial assets, and provide statewide support services to state and local government agencies as well as the citizens of New Jersey. The department’s overriding goal is to ensure the most beneficial use of fiscal resources and revenues to meet critical needs, all within a policy framework set by the governor.
The Office of the State Treasurer is one of the oldest units of New Jersey state government, the first treasurer named in 1776, following adoption of the first Constitution of New Jersey.
In August 2018, Governor Phil Murphy signed legislation re-establishing the former New Jersey Commission on Science and Technology, which was originally created in 1985 and became non-operational in 2010. The revitalized commission was established in, but not of, the Department of the Treasury. He named Beth Simone Noveck as chief innovation officer.[17]
^ abHenry Cooper Pitney (1914). "Daniel Spader Voorhees". A History of Morris County, New Jersey: Embracing Upwards of Two Centuries, 1710-1913. p. 418. At a joint meeting of the legislature, February 14, 1907, Mr. Voorhees was appointed to the office of State Treasurer, for a full term of three years, to succeed Frank O. Briggs. He entered upon his duties, March 1, 1907, and at the expiration of his term was re-elected. serving at the present time (1913)...
^ ab"Grosscup State Treasurer and Hughes Senator". New York Times. January 29, 1913. Retrieved 2013-11-16. At a joint session of both houses at noon, Edward E. Grosscup of Gloucester County, Chairman of the Democratic State Committee, was elected State Treasurer to succeed Daniel S. Voorhees, Republican. The latter was his party's choice for re-election, but the Democrats, with a majority vote of 46, had things their own way and wrested the office from the opposition after it had been in Republican hands for nineteen years.