Carson City Treasurer Al Kramer will leave his elected post next month to become Nevada’s deputy state treasurer for investments.
Kramer, prior to his first election in 1995 as treasurer for the consolidated city that is Nevada’s state capital, had worked as deputy state treasurer for operations in the office to which he is returning. He will work for incoming state Treasurer Dan Schwartz. Kramer didn’t give a specific date for his leave-taking, but said he would assume his new role some time in January. He said next April he would have 25 years in government service.
Kramer said his new oversight role will involve billions of dollars in investments and would be similar to one aspect of his work as city treasurer, which is overseeing Carson City’s investments. He said, however, the state dollar figure is higher given that the city’s level was in the $25 million-$110 million range over the years.
“My job is to manage the (money) managers,” Kramer said, a job designed to obtain as much yield as possible that prudent investments can bring via various opportunities.
“Our Carson investments have done as good or better than anyone’s in the state,” he said. He said one of Schwartz’s commitments while running for state treasurer was to make more money on the state’s investments. Those monies include varying amounts of funds for overall Nevada government and more than $2 billion in the state’s permanent school fund.
Alvin P. Kramer is a native of Carson City who, before entering government service, held various supervisory accounting and data processing posts in the private sector. He has a masters degree in business administration from Claremont Graduate School in Claremont, Calif., and a bachelor of science degree in business from Brigham Young University, which is in Provo, Utah.
In city government’s release announcing his imminent departure, Kramer thanked the people of his home community for their support and stressed that he owes much of his success here to a highly competent and service-oriented staff in the office he held for nearly two decades. He said his institutional memory isn’t lost to city government; he’ll be just moments away in the same city.
Clerk-Recorder Alan Glover said the city’s Board of Supervisors will appoint someone to Kramer’s vacated office and in the 2016 election, local voters will decide who holds the position after that.