The Committee of 100 | Meeting Notes

When Jack Markell burst upon the political scene in his 1998 bid for State Treasurer, he brought with him a vision for the possibilities of the Office of State Treasurer that gave energy to the election season from a usually ho-hum race.

During his campaign, Jack Markell talked about not only automating business practices in the Treasurer's Office, but also, using technology for citizen access to all areas of government. Within eight weeks of taking office, his first budget proposal included a reduction of 16% and 4 positions, and he is now automating many core functions that have been done manually. In addition, he is chairing the e-government steering committee charged with making all State government departments and State services internet accessible.

During his campaign, Jack pledged to provide better performing options, consolidated statements, and electronic access to accounts within State employees' deferred compensation plan. State employees now have a new plan with Fidelity Investments that is free, flexible, full of investment options, and much more like a supplemental retirement plan in the corporate world.

During the campaign, Jack pledge to bring relevant financial education into Delaware's classrooms. He has worked with the University of Delaware, State Chamber and Delaware banks to launch bank-in-school programs in elementary schools throughout the state that help satisfy the Banking and Personal Finance component of the State's Social Studies standard.

Since Jack became chair of the Delaware College Investment Plan in July, enrollment has grown by 213% to more than 2,500 households, and assets have grown by 310% to almost $16 million.

Along the way, Jack spearheaded the Everywoman's Money Conference attended by over 800 last November. The next conference is scheduled for November 11, 2000.

Jack Markell will discuss the e-government initiative, the innovative programs that have been put in place since he took office, and what's next. He will also offer his perspective on the sustainability of Delaware's economic health and what we need to do to protect our economic vitality.