The Treasurer serves as Colorado’s banker, ensuring every dollar that comes in is accounted for and is used for its designated purpose. In this role, we operate similar to a household balancing its budget. This process becomes more and more complex as there are many state departments and agencies that all disburse funds and the Treasury tracks all of those expenditures. The Treasury must run efficiently and effectively to manage cash flow, so that Colorado will be able to cover its obligations such as school funding, road improvements, paying our public employees, and so much more.

Over the past four years, Colorado, and the country, faced significant economic turbulence as a result of the COVID-19 pandemic and resulting economic downturn. This caused massive fluctuations in how much money the state was receiving. Despite this, Dave was able to keep the state solvent, pay our bills, and ensure Coloradans did not face additional economic distress.

As the Treasury receives taxpayer dollars throughout the year, any funds that are not needed immediately are invested in long-term, stable investments that reduce the tax burden on working families. Dave has worked to make sure taxpayer dollars are invested safely, transparently, and in a way that benefits working Coloradans – not wealthy hedge fund managers.

Over the past four years, despite economic turbulence, Colorado has beat our investment benchmarks. Dave’s actions have ensured Colorado maintains a strong credit rating and has the resources to fund critical programs like our schools and road and bridge repairs.