Protect Utah's AAA Bond Rating & Advocate for Conservative Use of Debt
David has played a critical role preserving Utah's AAA general obligation bond rating, representing the State before the rating agencies, launching the State's first-ever investor information portal, and administering the State's continuing disclosure under SEC rule 15c2-12.
Changes to rating agency rating methodologies have changed significantly in the wake of the Doff-Frank Wall Street Reform and Consumer Protection Act.
David will continue to ensure that Utah's transparency and disclosure practices stay well ahead of the curve as institutional investors and rating agencies demand ever-increasing levels of financial disclosure.
David will continue to advocate with the Utah Legislature for conservative use of debt, and for the prudent use of the cost-effective forms of borrowing.
David will raise the public profile of the State's debt level as measured by affordability indicators such as debt per capita, debt per household, and debt per personal income, so that Utah taxpayers can have a better-informed and more constructive dialog with their legislators about the affordability of the State's debt structure.
David will propose a Debt Affordability Policy, mutually agreed upon by the Treasurer, Governor, Auditor, and Legislature, that will provide policy makers with a better "compass north" in limiting the State's debt burden at appropriate levels.