Utah Treasurer election, 2022

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2024
2020
Utah Treasurer
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Election details
Filing deadline: March 4, 2022
Primary: June 28, 2022
General: November 8, 2022

Pre-election incumbent(s):
Marlo Oaks
How to vote
Poll times: 7 a.m. to 8 p.m.
Voting in Utah
Ballotpedia analysis
Federal and state primary competitiveness
State executive elections in 2022
Impact of term limits in 2022
State government trifectas
State government triplexes
Ballotpedia's Election Analysis Hub, 2022
Utah
executive elections
Treasurer

State Board of Education (8 seats)

Utah held a special election for treasurer on November 8, 2022. The primary was scheduled for June 28, 2022. The filing deadline was March 4, 2022.

Incumbent Marlo Oaks won election in the special general election for Utah Treasurer.

Candidates and election results

General election candidates


Candidate Connection = candidate completed Ballotpedia's Candidate Connection survey
Democratic Party Democratic primary candidates

The Democratic Party primary was canceled.

    Republican Party Republican primary candidates

    This primary was canceled and this candidate advanced:


    Candidate Connection = candidate completed Ballotpedia's Candidate Connection survey
    Minor Party primary candidates

      Independent American Party of Utah

      This primary was canceled and this candidate advanced:

      Libertarian Party

      This primary was canceled and this candidate advanced:

      United Utah Party

      This primary was canceled and this candidate advanced:

      Republican Party Republican convention candidates


      Candidate Connection = candidate completed Ballotpedia's Candidate Connection survey
      Minor Party convention candidates

        Independent American Party of Utah

        Libertarian Party

        United Utah Party

        Voting information

        See also: Voting in Utah

        Election information in Utah: Nov. 8, 2022, election.

        What was the voter registration deadline?

        • In-person: Oct. 28, 2022
        • By mail: Received by Oct. 28, 2022
        • Online: Oct. 28, 2022

        Was absentee/mail-in voting available to all voters?

        N/A

        What was the absentee/mail-in ballot request deadline?

        • In-person: N/A
        • By mail: N/A by N/A
        • Online: N/A

        What was the absentee/mail-in ballot return deadline?

        • In-person: N/A
        • By mail: N/A by N/A

        Was early voting available to all voters?

        Yes

        What were the early voting start and end dates?

        Oct. 25, 2022 to Nov. 2, 2022

        Were all voters required to present ID at the polls? If so, was a photo or non-photo ID required?

        N/A

        When were polls open on Election Day?

        7 a.m. to 8 p.m.


        Ballotpedia's Candidate Connection survey responses

        Ballotpedia asks all federal, state, and local candidates to complete a survey and share what motivates them on political and personal levels. The section below shows responses from candidates in this race who completed Ballotpedia's Candidate Connection survey. Candidates are asked three required questions for this survey, but they may answer additional optional questions as well.

        Survey responses from candidates in this race

        Click on a candidate's name to visit their Ballotpedia page.

        Note: Ballotpedia reserves the right to edit Candidate Connection survey responses. Any edits made by Ballotpedia will be clearly marked with [brackets] for the public. If the candidate disagrees with an edit, he or she may request the full removal of the survey response from Ballotpedia.org. Ballotpedia does not edit or correct typographical errors unless the candidate's campaign requests it.

        Expand all | Collapse all

        Marlo is fighting to protect Utah’s triple-AAA credit rating, a critical asset of the state. Outside interests are developing political scoring mechanisms that undermine sovereignty and harm borrowing costs. Marlo is fighting to protect Utah’s ability to borrow money at the lowest rates in the capital markets.

        Marlo is a champion for economic freedom. He understands this is the foundational right from which all other freedoms emanate. Marlo is fighting to protect and defend our free enterprise system from those who would seek to coerce behavior using economic force. He has spoken and written extensively about this critical issue both locally and nationally and is a recognized expert in defending competitive markets.

        Marlo has successfully managed multi-billion dollar investment portfolios. He understands fiduciary standards and is working to protect and defend beneficiaries of state investment monies to ensure their interests are protected from politicized investing. Having institutional investment management experience is critical and Marlo is the only state treasurer in the country with this background.
        I am passionate about protecting our economic system from the inappropriate incursion of politics and the weaponization of capital to drive political agendas. One of the gravest threats we face is the use of back door mechanisms through businesses to implement political agendas that did not make it through our democratic political institutions. These political issues are now being forced through businesses using investment dollars of everyday citizens, generally without their knowledge, consent, or ability to move their money. These activities undermine our economic and democratic systems. I am fighting to push business back to neutral. Most Americans want to go to work, focus on their job, and not be subjected to politics in the workplace. I am working to protect business, the state, and workers from the politicization and weaponization of capital. We must all work to keep politics in its rightful place and not allow it to seep into business. This is one of the biggest challenges we face as a country and I am working to address this issue as effectively as possible.
        State Treasurer is one of the most technical offices in government. This role oversees and manages billions of dollars in investments and works with financial institutions to access the capital markets and move cash around the state.
        Integrity is critical in Treasury because of the trust people place in the individual overseeing other people’s money. People must trust the treasurer and that begins with the integrity and authenticity treasurers bring to their work.
        Investment management, investment banking, leadership, and Treasury management. Treasury is typically not as political of an office. The key is the oversight and management of money, and other financial aspects. The Treasurer brings financial experience and economic understanding to issues. Economic thinking is an important part of the job because policy can have a major impact on incentives and financial aspects of government.
        The investment oversight is the most important and most technical part of the job. Without this experience a state treasurer is at the mercy of others. It is rare for a treasurer to have actual institutional investment experience. This has helped me know what direction to take in managing the portfolios, analyzing the risk, and pushing for greater diversification.
        Investment management and investment banking are the most technical aspects. Understanding Treasury operations is also helpful. Communication and leadership skills are also valuable because of the staff that works on many important aspects of keeping the office operating smoothly.



        Statements about ESG investing

        See also: Statements about ESG investing by State Financial Officer candidates on the November 8, 2022 ballot
        "Traditional energy plays an important role in Utah’s economy, particularly in rural Utah. Cutting off financing for businesses engaged in economically essential activities to advance a radical social agenda destroys livelihoods, increases costs and does little to advance the desire we all have to breathe cleaner air and improve the environment. Punishing these entities is antithetical to our nation’s capitalist system that has developed some of the greatest innovations in human history.”[1]
        "Pushing back against ESG should be a bipartisan effort important to all Americans because it will fundamentally alter our American system. If you take away nothing else, know this: ESG uses economic force to drive a political agenda through corporate America."[2]
        "In a letter to S&P Global, Governor Spencer Cox, State Treasurer Marlo Oaks, State Auditor John Dougall, Attorney General Sean Reyes and the state's entire congressional delegation criticized the company's use of 'ESG indicators.'"[3]

        Past elections

        2020

        The general election for treasurer was held on November 3, 2020.

        General election candidates


        Democratic Party Democratic primary candidates

        The Democratic Party primary was canceled.


          Republican Party Republican convention candidates

          2016

          See also: Utah Treasurer election, 2016

          The general election for treasurer was held on November 8, 2016.

          Incumbent David Damschen defeated Neil Hansen and Richard Proctor in the Utah treasurer election.

          Utah Treasurer, 2016
          Party Candidate Vote % Votes
               Republican Green check mark transparent.png David Damschen Incumbent 61.23% 652,704
               Democratic Neil Hansen 31.70% 337,994
               Constitution Party Richard Proctor 7.07% 75,363
          Total Votes 1,066,061
          Source: Utah Lieutenant Governor's Office-Elections



          See also

          Utah State Executive Elections News and Analysis
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          External links

          Footnotes