Longtime Md. State Treasurer Nancy Kopp To Step Down

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Maryland State Treasurer Nancy Kopp plans to step down at the end of the year, nearly two decades after she was first elected.

Kopp informed members of the General Assembly of her decision in a letter sent Monday. The Senate President and House Speaker under Maryland state law will appoint a committee to review candidates for the position of Treasurer,.

“Serving as Maryland’s Treasurer has been a great privilege, as well as a terrific challenge. I have cherished the opportunity to serve and believe that, working together, we have made a real contribution to the benefit of our state and fellow citizens. Maryland is strong; a model of good, prudent fiscal management and investment,” Kopp said. “We have invested in our collective future — in public education, great universities, a sound human and physical
infrastructure, and in the many other ways in which we work to assure strong communities and decent lives for all Marylanders.”

Kopp was the state’s second longest serving treasurer and the second woman to hold the office.

“It is difficult to imagine chairing a Board of Public Works meeting without Nancy Kopp,” Governor Larry Hogan said in a statement. “With the second-longest tenure of any treasurer in state history, Nancy will leave an incredible legacy of strong financial stewardship, which has helped assure our coveted AAA bond rating year after year. We have enjoyed a very cordial relationship, and I have always admired her commitment to the people of Maryland. On behalf of all Marylanders, I want to express my profound gratitude to Nancy Kopp for her decades of distinguished service and wish her well in retirement.”

“Nancy Kopp has epitomized what it means to be a public servant in this State,” House Speaker Adrienne Jones, D-Baltimore Co. said. “From staffer, to delegate, to statewide treasurer for two decades, Nancy has kept the State’s fiscal house in order. She has been the driving force behind the triple-A bond ratings and the stability of the State’s pension system – and she did all of this without fanfare or celebration – even when others took credit for her great work over two decades. As my colleague and friend, I have relied on her great counsel over the years. I wish her and her family all the best as she begins this new chapter. The entire State of Maryland owes her a debt of gratitude.”

“Nancy and I served together in the legislature for 16 years, and over the past 15 years, we’ve worked together as the fiscal stewards of our state,” Maryland State Comptroller Peter Franchot said. “With her announcement today, her historic 46 years of public service will soon come to an end. She has earned her rightful place in history as one of our state’s most pre-eminent public servants. The lives of generations of Marylanders are better, our communities stronger, and our future brighter because of Nancy’s staunch commitment to a state she loves. Annie and I join a grateful state in thanking and congratulating her on her many years of service and contributions throughout her historic career, and wish her and her husband, Robert, the very best.”

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