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Council welcomes new treasurer

By: Carol Feineman, Editor Lincoln News Messenger
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Terry Dorsey should feel good about the Nov. 6 election results for the city treasurer race on two accounts.

First, Lincoln voters decided they wanted their city treasurer to be elected (and not appointed) by a 58.19 majority (or 10,627 votes versus 7,637).

Second, 97.23 percent (or 14,309 votes) of residents voted for Dorsey, the sole candidate for city treasurer. Write-ins totaled 2.7 percent (407 votes).

Although Dorsey’s race was quiet, in that he was the only candidate running, we need to acknowledge his new elected role as a city of Lincoln official.

Mayor Spencer Short, who was Lincoln’s treasurer from 1996 to 2000, explained this week why a city treasurer’s role is significant.

“It’s important to have the oversight of investments and also to direct the policies related to investments. They meet quarterly but I asked at the Nov. 13 City Council meeting that the treasurer be appointed as a member of the finance committee,” Short explained.

Up until now, the Lincoln’s treasurer has met with city committees just a handful of times during the year.

“I believe it’s necessary for the city treasurer to be involved in the finance committee because the committee determines budget and when financing is necessary for projects or payments,” Short said. “Therefore, the city treasurer can have a full view of when money needs to go into or come out of investment accounts.”

Short’s request that the treasurer be made a finance committee member was approved at Tuesday’s City Council meeting.

“I’d like to be proactive in this office and offer my investment and financial expertise to the city anyway I can,” Dorsey said. “My wife and I have lived in Lincoln for eight years and I was raised in Sacramento. Lincoln is the type of city you can get to know everyone in town and get involved in politics. Being in this office is my way of paying back.”

With Dorsey’s background, he should be a good match for the city.

Dorsey has an undergraduate degree in business from Santa Clara University and a master’s in business degree from St. Mary’s College.

Plus he has been in the investment field for more than 40 years and has served as president of Dorsey Capital Management, an investment management company, since 1993.

Dorsey also knows Lincoln’s financial needs. He is in his second, and final, four-year term on the city’s investment committee as the appointed non-city staff director.

“Because of the investment committee, I am very familiar with Lincoln’s investments and I have gained a lot of knowledge on the city’s financials through Lincoln City Manager Jim Estep and Assistant City Manager/CFO Anna Jatczak,” Dorsey said.

Dorsey thanked voters who supported his candidacy for the treasurer office in a letter to the editor in the Nov. 15 News Messenger.

In that letter, Dorsey wrote that he remains “available to answer questions or provide additional information and hope that residents will feel free to contact me during regular business hours at 645-8211 or evenings at 434-5657.”

Dorsey is a good friend of mine for about three years. I admire his diligence to fact-finding and his work ethics.

I hope that residents take Dorsey up on his invitation to talk to him. I’m sure they will be impressed, as I am, with his financial skills and his desire to help the city of Lincoln.

The downtown business owner is a good choice for Lincoln’s treasurer.

 

Reach Editor Carol Feineman at carolf@goldcountrymedia.com