Delaware State Treasurer Colleen Davis announced she will not seek another term after seven years in office, saying it is the right time personally and professionally to step aside. Treasurer Davis expressed gratitude to her team and to Delawareans for their trust. She highlighted accomplishments during her tenure, including strengthening the state’s finances, generating more than half a billion dollars in investment returns, refinancing bonds during the pandemic to save taxpayers billions, delivering COVID relief funds, launching the Delaware EARNS retirement savings program, and expanding other state savings plans. Davis said she will spend her remaining 13 months in office continuing to focus on delivering results for the people of Delaware. She is committed to ensuring a smooth transition for the next treasurer.
Additional Information and Statement from Delaware Treasurer Colleen Davis:
For the last seven years, it has been one of the great privileges of my life to serve as Delaware’s State Treasurer. In that time, I have worked with an extraordinary team to strengthen our state’s finances while always putting the needs of Delawareans first.
After months of reflection, I’ve decided that this term will be my last. It’s the right moment for me, both personally and professionally, and I want to make room for a new leader to step up. But in the 13 months ahead, my focus will remain exactly where it has always been: delivering results for the people of Delaware.
I’m proud of what we’ve achieved together. We strengthened Delaware’s finances, generating more than half a billion dollars in investment returns. We refinanced our bonds during COVID, saving billions for taxpayers while easing pressure on families and small businesses. We delivered critical COVID relief funds to help people stay afloat. We launched Delaware EARNS, giving thousands of small-business workers a way to save for retirement. And we continued to grow and modernize our other savings programs – from DE529 to ABLE to Deferred Compensation.
For the remainder of my term, I will continue working closely with the Meyer Administration and the General Assembly to advance policies that will keep Delaware’s finances strong for years to come. And I’ll ensure a smooth transition for the next Treasurer.
This has been an incredible journey. I owe so much to the support of an amazing network of friends, family, and everyday Delawareans who wanted a Treasurer committed to protecting our state’s finances while uplifting working people. And I’m grateful for my incredible team at the Office of the State Treasurer. They work hard every single day to make life better in our state.
Finally, I have to thank the people of Delaware for entrusting me with this duty. It has truly been the honor of a lifetime.
