Strengthening the State
As Utah’s Treasurer, David protects Utah’s financial health and taxpayers’ interests with prudent debt and investment practices, policy advocacy, and oversight.
Ensure cost-effective investment in public infrastructure
David enhanced investor and rating agency relations and strengthened Utah’s premier AAA bond rating by:
Ensure and enhance the prudent and profitable investment of taxpayer funds
As Utah’s Treasurer, David has overseen the prudent investment of pooled public funds, generating over $2 billion in stable interest income during his time in office.
Implement best practices and technology in banking and cash management
Together with his team, David has initiated and overseen numerous initiatives that streamline business processes and leverage technology, such as:
Develop and advocate for sound banking and investment policies
David has worked to strengthen and modernize Utah’s legal framework for the banking and investment of taxpayer funds by:
David, along with members of the institutional investment and public pension community, worked with congressional staff and members of Congress to preserve (in the TCJA, 2017) the exemptions from Unrelated Business Income Tax (UBIT) afforded to public pensions in the U.S.