Governor Reeves Appoints David McRae to Compact for a Balanced Budget Commission
“With President Biden and congressional Democrats expanding the size, scope, and cost of the federal government at an alarming rate, there has never been a more important time to hold Washington accountable for its spending,” said Governor Tate Reeves. “David McRae is a fiscal conservative through and through. He understands the need to save for a rainy day and that we must strive to do more good with fewer taxpayer dollars. I am confident he will be a fierce advocate, not only for a Balanced Budget Amendment, but for a sound federal fiscal policy that will set the next generation up for success.”
McRae is a fourth-generation Mississippian. As State Treasurer, he has protected the state’s strong credit ratings, resulting in a series of debt restructuring deals which saved taxpayers nearly $100 million. Additionally, he oversees College Savings Mississippi, helping lift the financial burden of a college education for thousands of young people, and the Division of Unclaimed Property, where he has returned more than $40 million to the people of Mississippi. Prior to serving as State Treasurer, McRae served as Managing Partner of McRae Investments. McRae earned his law degree from Mississippi College. He is an active member of the Mississippi Bar Association. He lives in Ridgeland with his wife, Katherine, and their three children.
“Washington, D.C.’s lack of fiscal discipline is jeopardizing America’s financial independence for generations to come,” said Treasurer David McRae. “I’ve spent most of my life in the private sector. I understand what it means to make tough choices about what you can afford – and what you can’t. Federal lawmakers aren’t doing that right now. It’s time we had a Balanced Budget Amendment that forced elected officials to prioritize what’s important, rather than running up the American taxpayers’ tab with new entitlement programs and fruitless bureaucratic programs.”
McRae joins former Alaska Lt. Governor Mead Treadwell and former Georgia State Representative Paulette Rakestraw on the Commission. McRae’s appointment follows the resignation of former Mississippi House Speaker Pro Tempore Greg Snowden from the Commission to serve in his new capacity as the Director of the Administrative Office of Courts of the State of Mississippi.