State of Colorado secondary Archives: on Budget & Economy


Cary Kennedy: $5.1M annual earnings from diversifying city investments

As CFO of Denver, Cary led the charge to change the City Charter to allow Denver to diversify where the city invests its money while maintaining the safety of those investments. With this change, Cary expanded Denver's investment portfolio to include the same securities as the State Treasurer's Office. This move has already increased earnings by $5.1 million annually and Denver citizens will now permanently see a larger increase on the city's investment returns.

Cary helped develop balanced budget packages for both Denver (2A in 2012) and Colorado (Referendum C in 2005) that were approved by voters.

Source: 2018 CO governor campaign website CaryKennedyForGovernor.com Jul 2, 2017

Cary Kennedy: Don't invest state dollars in risky stock portfolios

The Treasurer's office is important--critically important in an economic downturn--and Cary has proven that she takes her responsibilities seriously. She kept the state out of investments tied to the subprime market, rejected proposals to invest state dollars in risky stock portfolios, and seven months before the banking crisis hit, in a remarkably prescient move, she diversified a 33% chunk of Colorado's investment pool that had been in the hands of one bank. Under Cary's diligent watch, our state's investments have maintained positive earnings and posted a 3% gain this last fiscal year. She has protected Colorado's strong credit at a time other states have been downgraded--proof that her sound financial management and careful planning make all the difference.
Source: 2010 CO governor campaign website KennedyForTreasurer.com Aug 31, 2010

  • The above quotations are from State of Colorado Politicians: secondary Archives.
  • Click here for definitions & background information on Budget & Economy.
  • Click here for other issues (main summary page).
2016 Presidential contenders on Budget & Economy:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Feb 12, 2018