Davis announced Thursday she will not run again, leaving office after her term ends at the end of 2026.
In a statement, Davis says she came to the decision after months of reflection, saying “it’s the right moment for me both personally and professionally, and I want to make room for a new leader to step in.”
Davis tells DPM the recent death of her father, which played a part in her dropping out of a US House race in 2024, is also contributing to this week’s decision.
“I recognize how blessed I am to have had him in my life, not only as my father but as a real mentor, and what we like to say is: ‘a real mensch.’ And I’d like to be that same person for my own kids.” she told DPM.
She adds the time commitment of running the Office of the Treasurer, coupled with the time requirements of seeking reelection, would have resulted in too much time away from her growing children.
Davis says she is proud of the office’s achievements during her two terms, specifically noting bond refinancing during the covid pandemic, modernizing savings programs like DE529, and the Delaware EARNS program: a retirement plan for small business owners in the First State.
She also thanked her team at the Office of the State Treasurer, commending them for “working hard every day to make life better in our state”
Davis previously ran for Delaware’s lone U.S. House seat in 2024, but ended that bid, citing personal and family health concerns.
In the 13 months she has left, the Office of the Treasurer will ask lawmakers to pass four pieces of legislation meant to open new sources of revenue for the state while removing state revenue burden from taxpayers.
“I think it’s really important that Delaware begins to think in a concerted way about diversifying our revenue, because I think that the average taxpayer can only handle so much.” she said.
Davis says she’ll continue to work with the Meyer administration and state legislators during her final year in office and thanked the people of Delaware for the opportunity to serve them as treasurer, calling it “the honor of a lifetime”
