Gov. Herbert appoints new state treasurer

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SALT LAKE CITY -- Governor Gary Herbert has appointed a new state treasurer, selecting David Damschen to fill the remaining term of Richard Ellis, who resigned to work in the private sector.

As state treasurer, Damschen will be the state's chief financial officer overseeing taxpayer dollars.

“We're one of only ten states in the nation with triple A ratings by all three ratings agencies,” Damschen said. “We have extremely solid investment performance, extremely solid banking performance. So there's a heavy dose of: ‘Steady as she goes.'"

Damschen says he will look for ways to increase efficiencies in government spending. He says he does plan to run for the office in 2016.

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