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Show Stole Treasurer i i I : K -i Edwssrd T. Alter REPUBLICAN Ed Alter is the Republican candidate for State Treasurer. He has a master's degree in business administration with emphasis in investments and finance. He also has a bachelor's degree in banking and finance. He is a Certified Public Accountant licensed in Utah and California. Alter's experience includes public treasurer and investment manager at the University of Utah since 1973. He is a director of the Utah Bond Club and a member of the Utah Money Market Club. Alter is a native of Utah and resides in Salt Lake City with his wife Pat, and their two children, Christy, 3 and Ashly , 1. Alter describes himself as a fiscal conservative. He believed in less government and that the government should be streamlined by the latest methods in efficient management. r - - . - ' 1 K ' . . - -. . V K ; i W i Leonard W. McDonsId DEMOCRAT Leonard W. McDonald is the Democratic candidate for State Treasurer. Born in Hinckley, Utah, McDonald was reared in Heber City. He graduated from Utah State University with a degree in Economics. He is married to the former Arola Bott of Brigham City. They have three children. McDonald has recently retired after 24 years as Executive Director fo the Utah State Retirement Office. In this position, McDonald had the responsibility respon-sibility of administering four state-wide retirement programs benefiting 70,000 Utahns, including some 9,000 retired members. He was responsible for the investment and management of retirement funds totaling $360 million. He served as president of the National Council on Teacher Retirement Systems and was recognized nationally as an administrative authority in the public investment field. In 1977 Governor Matheson appointed McDonald Mc-Donald to the Utah State University Institutional Council for a four year term. He was founder and first president of the Utah Public Employees' Em-ployees' Association. Answers to the League of Women Voter questionnaire: What measures do you plan to take to meet the projected shortage in state funds for the coming year? This is a responsibility of the legislature and Governor through taxing appropriations and administrative ad-ministrative functions. The treasurer can only do his best to maximize investment in-vestment income from investment of funds available. What effect would the various proposed tax relief measure have on the budget of the state of Utah? (I) Passage of SJR6- Revision of Constitutional Tax Article could cost the state up to S 1 50 million in lost income. in-come. (2) Passage of the legislation to take sales tax off food could cost $20 million this year if the Initiative is adopted, and $r;0 to $70 million next year. )3) If the Tax Limitation Initiative is adopted it could cost up to $100 million in revenue loss. NOTE: These figures are supplied ' by the State Budget Department. |