About Accomplishments Investing State Dollars Responsibly
Recent Press Releases
National Alliance for Retired Americans Endorses Kate Marshall for Her Leadership Fighting the Privatization of Medicare and Social Security
Desperate Times Call for Bogus Claims . . . Well at Least According to the NRCC's Latest Ad
Clear Contrast
Advantage Marshall: Twice as Much Cash on Hand
Kate Marshall for Congress Nears Quarter Million Dollar Mark for Campaign
Investing State Dollars Responsibly
As Treasurer, Kate Marshall saved taxpayers millions of dollars by renegotiating contracts. Kate renegotiated the state's main banking contract saving Nevadans $2.2 million dollars. When Governor Sandoval asked her to cut 10% from her office budget, she found a way to cut 20%. And last year, Marshall even gave 16% of the money that was given to the Treasurer’s Office back to the General Fund. Kate knows how to trim the fat and she has consistently done it time and again.
Since 2007, Treasurer Marshall has added an unprecedented $305 million in interest she earned investing Nevadans' tax dollars to state and county budgets. Kate's investments for Nevada have cumulatively beat the state's financial benchmarks by $85 million since 2007, and as Treasurer she has beat those financial benchmarks every single quarter, even during the worst financial crisis since the Great Depression.
Kate was able to add $2.3 million in additional money to the General Fund through the building of debt reserves well above the 6 month benchmark recommendation. In 2009, Marshall used Build America Bonds to save taxpayers another $4.6 million.
Additionally, Kate made a $5 million profit for Nevada taxpayers by holding unclaimed or abandoned securities during the economic turmoil of 2009 and waiting to sell them after the market recovered.
