Matheson won't seek fourth term as treasurer
KAYE THORNBRUGH | Hagadone News Network | UPDATED 10 months, 3 weeks AGO
Steve Matheson
Kaye Thornbrugh is a second-generation Kootenai County resident who has been with the Coeur d’Alene Press for six years. She primarily covers Kootenai County’s government, as well as law enforcement, the legal system and North Idaho College. | November 26, 2025 1:07 AM
COEUR d’ALENE — Kootenai County Treasurer Steve Matheson confirmed Monday that he is not seeking a fourth term in office.
“It has been the highest honor of my professional life to serve as treasurer for the residents of Kootenai County,” Matheson said. “From safeguarding taxpayer dollars to building a fortress balance sheet and ensuring every citizen receives clear, accurate and timely service. This role has been a privilege I have never taken for granted.”
Matheson served his first term in 2014. He said he’s long believed that elected office should be a temporary stewardship of public trust, not a career.
“Fresh perspective, new energy and diverse voices strengthen our institutions and keep government accountable to the people,” Matheson said. “After three terms, I believe it is time for new leadership.”
Commissioner Bruce Mattare said Matheson has made a big difference in county government.
“He’s one of the more competent individuals I’ve met at the county,” Mattare said.
Idaho law empowers the county treasurer to invest surplus or idle funds and maintain adequate reserves for financial obligations.
Mattare said Matheson made wise investments for Kootenai County during his tenure, getting the county a “great return” on its money.
“That’s something I think the county is going to lose when he departs,” Mattare said. “I don’t know that the next person will be able to do what he’s done. He will be sorely missed, in my book.”
Matheson expressed gratitude to county staff, elected officials and Kootenai County residents for their support and partnership.
He said he’s committed to serving through the end of his term in January 2027 to ensure a smooth transition for his successor.
Matheson, a Republican, ran unopposed in the 2018 and 2022 primary and general elections. His decision not to run again will leave the May 2026 Republican primary race wide open.
“I will leave this office proud of what we’ve accomplished together and confident in the bright future of Kootenai County under new leadership,” he said.
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