The 1998 Alabama State Treasurer election was held on November 2, 1998, to elect the Alabama State Treasurer. Democratic incumbent Lucy Baxley won re-election in a landslide, defeating Republican Tom Davis by nearly thirty percentage points and winning all but two counties in the state. As of 2026, this is the last time a Democrat has been elected Alabama State Treasurer.

Republican primary Candidates Tom Davis K.D. Livingston Results

General election Candidates Lucy Baxley, incumbent Alabama State Treasurer (1995–2003) (Democratic) Tom Davis (Republican) Results

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