Background: Shoffner resignation On May 22, 2013, State Treasurer
Martha Shoffner—a Democrat—resigned from office following her arrest by federal authorities on charges of political corruption. Federal prosecutors alleged that Shoffner had accepted at least $36,000 in cash payments from a bond broker who conducted business with the State Treasurer's Office, in exchange for directing a disproportionate share of the state's bond investments to his firm. Shoffner was subsequently tried and convicted on 14 counts of bribery and extortion.
Appointment On May 29, 2013, Governor
Mike Beebe, a Democrat, announced the appointment of Charles Robinson as State Treasurer of Arkansas to serve out the remainder of Shoffner's term. Robinson, who described himself as a political independent and noted that he had not contributed to any political candidate since his retirement, came out of retirement to accept the governor's call. At the announcement press conference, Governor Beebe praised Robinson, stating he was "everything I can ask for as a manager," noting that Robinson knew "how to lead people and listen to people." Robinson was sworn in on May 29, 2013, in the
Arkansas Supreme Court chamber. Under Arkansas state law, Robinson was ineligible to stand for election to the office in the
2014 elections, as appointees filling a vacancy are barred from seeking the office.
Role and ex officio responsibilities As State Treasurer, Robinson assumed responsibility for managing Arkansas's state funds, overseeing deposits, investments, and disbursements. Per Arkansas law, the State Treasurer also serves in a number of ex officio capacities, including as: • Secretary of the
Arkansas State Board of Finance • Ex officio member of the
Arkansas Public Employees Retirement System Board of Trustees • Ex officio member of the
Arkansas Teacher Retirement System Board of Trustees • Ex officio member of the
Arkansas Development Finance Authority Board of Trustees • Member of the Arkansas State Highway Employees Retirement System Board of Trustees • Member of the Arkansas Rural Endowment Fund Board of Trustees These responsibilities were significant given the treasurer's role in overseeing bond investments, the very issue at the centre of his predecessor's legal troubles.
Salary decision Following his appointment, Robinson announced his intention to return his state salary to the state government, citing an unwillingness to collect two public payments simultaneously—his state treasurer's salary alongside his existing retirement pension from the Division of Legislative Audit. He described the decision in terms of public accountability: "I don't want anyone to ever think that I am trying to double dip." Although Robinson had initially sought to decline his salary entirely, state law and personnel regulations did not permit an outright refusal. Instead, after paying applicable taxes, Robinson returned the remainder of his annual salary—reported at approximately $54,000—to the state in a personal check at the close of the fiscal year. At the time, Robinson's state retirement pension amounted to approximately $5,400 per month, or more than $64,000 annually.
Tenure and performance During his tenure, Robinson focused on stabilising the office following the Shoffner scandal and implementing reforms mandated by a new state law overhauling the Treasurer's Office. Robinson's primary goal, as articulated by Governor Beebe and members of the Arkansas legislature, was to restore public confidence in the office. One year into his appointment, in May 2014, both the governor and members of the state legislature publicly praised Robinson for his conduct in the role. An
Associated Press report carried by
UALR Public Radio noted that Robinson had "fulfilled the goal laid out for him by the governor and lawmakers: Keep the low-profile office out of the news."
Successor and end of term In the
November 4, 2014 general election, Republican
Dennis Milligan won the Arkansas State Treasurer's race against Democrat Karen Garcia and Libertarian Chris Hayes. Milligan was sworn in as State Treasurer on January 13, 2015, succeeding Robinson. ==Political views==