State Treasurer Colleen Davis files for re-election

Incumbent Democrat State Treasurer Colleen Davis has filed for reelection. 

“I’m incredibly proud of the work we've done over the past three-and-a-half years, but we have a lot more work to do,” Davis said in a press release. “As I look toward the future, my priorities remain the same: bolstering retirement security and readiness, creating pathways to economic empowerment and promoting a culture of financial excellence.”

Elected in 2018, Davis said, she has overseen financial prosperity in the state, even in the wake of a public health pandemic. In her first year in office managing the state’s cash investments, she said, Delaware saw an increase in returns of $33 million. In year two, she said, returns climbed to $46 million, and in year three rose to $68 million. Additionally, Delaware has maintained its coveted AAA bond rating.  

“Strong fiscal controls, combined with my office’s handling of cash and investments, instill continued confidence that allows the state to maintain its AAA bond rating,” Davis said. “That rating saves taxpayers millions of dollars through lower interest rates and financing costs.”

Other highlights of her first term in office include:

• Coordination and distribution of American Rescue Plan Act of 2021 funds to Delaware’s 55 non-county, non-metropolitan governments
• Bringing forth a landmark retirement program for employees not covered by a plan from their employers
• Creating the Aspire529 program which provides a financial award coupled with financial literacy to foster youth in Delaware to help them overcome barriers that may prevent them from seeking higher education.

Davis was named to the Market Transparency Advisory Group of the Municipal Securities Rulemaking Board, appointed as chair of the National Association of State Treasurers Banking and Cash Management Committee, confirmed as an executive board member of the College Savings Plan Network, and elected vice president of the NAST Eastern Region.

Editor’s note: This is a submitted press release.