(Jeff Carter) – Most Nevadans don’t know what the State Treasurer does. That’s not their fault, it’s ours, for letting this office become an afterthought. So let me be direct about what’s at stake.
The Treasurer manages a $12 billion portfolio of your money.
The Treasurer decides how Nevada borrows, what it pays to borrow, and what rate of return your tax dollars earn while they sit in the state’s accounts.
Every percentage point of yield the Treasurer leaves on the table is a percentage point of pressure to raise your taxes. Every mispriced bond is money out of your pocket.
This is not a public policy job. It’s a technical executive job. It is the one office in the Nevada government where the duties define who belongs in it.
You wouldn’t hire a lawyer who’d never tried a case. You shouldn’t hire a Treasurer who’s never traded a bond.
I spent years trading short-term interest rate futures. That’s the actual work this office does every day. No one else in this race can say that.
Here’s what I’ll do on day one:
Stop leaving money on the table. Nevada’s portfolio is parked almost entirely at the short end of the yield curve — a posture that ignores what the state actually needs in cash and quietly costs taxpayers tens of millions in forgone return. I’ll professionalize the investment strategy, match duration to real cash needs, and buy back Nevada debt trading below par when the market gives us the opening. Higher yields and lower debt service mean less pressure to raise your taxes. Full stop.
Modernize the payment rails. Money flows into and out of the Treasury on infrastructure that belongs in another decade. Faster, cleaner capital flow means lower friction for Nevada businesses and better capital allocation across the state economy.
Put AI to work for taxpayers, not bureaucrats. Right now, if the state is holding unclaimed property that belongs to you, you have to go find it. That’s backwards. I’ll use AI to scrape public records, match assets to rightful owners, and — after human verification — send the money back where it belongs. Government should work for you, not make you work for it. I’ll also use AI in the research and trading function to sharpen decisions and improve returns.
End political investing. No DEI. No ESG. No return-on-virtue. Your state’s portfolio exists to earn a return on assets. Ideology has cost Nevadans real money, and it stops when I take office.
Audit the office and open the books. Full independent audit. Public results. If there’s waste, fraud, or abuse, we root it out and say so. If there isn’t, Nevadans deserve to know that too. I’ll also work with Controller Andy Mathews to establish an independent Inspector General so this kind of accountability outlasts any one administration.
Help rural Nevada borrow smarter. Small towns get punished by the bond market because they issue alone and in small amounts. I’ve pooled capital for a living as a venture capitalist. I’ll build vehicles that let rural counties pool issuances, command better pricing, and cut borrowing costs.
Bring corporate charters to Nevada. Delaware has spent decades collecting franchise revenue and building a Chancery Court because companies incorporate there. There’s no reason Nevada can’t compete. I’ll make the case directly to CFOs and CEOs, and the cash flow will compound for generations.
Raise the bar for the job itself. I’ll propose legislation requiring the State Treasurer to hold a genuine financial credential — CPA, CFA, CFMA, Series 7, MBA, or equivalent. The Attorney General has to be a lawyer. The Treasurer should be a finance professional. No more career politicians parking themselves in a job they can’t do.
Actually, move the needle on financial literacy. NGOs and non-profits have had decades to make Nevadans financially literate. It hasn’t worked. I’ve invested in education technology that does work — Brilliant is one example. I’ll use technology to reach students and adults directly, through schools and over the top of them.
Nevada’s Treasurer manages more money than most Fortune 500 CFOs. The job deserves someone who’s done the work. I have. I’m asking for your vote.
The opinions expressed by contributors are their own and do not necessarily represent the views of Nevada News & Views. This article was originally published via JeffreyCarter.substack.com on 4/20/2026.
