Numbers Do Not Lie

People Want A Professional, Not a Politician

The Q1 campaign finance reports are in. Our campaign outraised every other candidate in the Republican primary for Nevada State Treasurer this quarter. And since the reporting period closed, we’ve raised another significant slug. We had a great fundraiser with more than 60 people there last night, and we have more fundraisers scheduled.

Momentum in this race is not fake. The donors are speaking.

The donation that meant the most

Years ago, I invested a significant amount of money in a company. It didn’t work out. I lost everything. But I stayed friendly with the entrepreneur. Anyone in business knows sometimes good ideas don’t make it, and that’s how venture capital works.

When I announced this campaign, that same entrepreneur sent me a check with a note: “You believed in me when no one else would, so I believe in you.”

I was floored. That’s what this campaign has felt like. Old friends and people I’ve worked with across forty years in finance, writing checks because they know how I operate. You can’t manufacture that. Either people have worked with you and trust you, or they haven’t.

The contrast is telling

My opponent has lost two consecutive races, the most recent one badly. After that kind of experience, you’d expect him to have a fundraising operation that could turn out money on demand. Instead, he’s been outraised in a statewide race by a first-time candidate.

There’s a reason for that. And the 2024 FEC filings tell the story.

In August 2024, with a month to go in what was considered a flippable U.S. House seat, my opponent pulled $422,400 out of his own campaign. He labeled it a “personal loan repayment” — but it wasn’t structured like one. The $422,400 was broken into 64 identical transactions, timed right around the period he was being considered for the NRCC’s Young Guns program, and then repaid to himself. That’s not how a campaign that’s playing to win operates in the final month of a flippable race. That’s a campaign being run for the benefit of the candidate, not the voters.

In a winnable race, he played to lose.

I don’t play to lose. You prepare to win, then you compete to win. That was drilled into me by my father when I was a kid, and it carried through college, into the trading pits, through forty years of markets. It’s how I’ll run the Treasurer’s office.

What Nevada actually needs

Governor Lombardo has done a solid job, and he deserves a professional — not another politician — in the Treasurer’s office working alongside him. The office manages over $12 billion on behalf of Nevada taxpayers. It’s a technical job. It demands a technical executive.

Trump has a markets guy in Scott Bessent; shouldn’t Lombardo have the same?

People across the state keep telling me the same thing: they’re tired of career politicians. They want someone who has actually worked in finance. They want someone who won’t quit on them mid-race. They want a pro.

What the money is for

I want to be straight with you about where donations go. I hired a treasurer to keep our campaign finances on the straight and narrow — the basics that should be a given but, as the FEC filings across this race demonstrate, aren’t. The rest goes to name ID in the form of digital, print material, and signs. It also goes to the cost of running a statewide campaign in a geographically massive state. Nevada is not a small place. We just drove six hours home from northern Nevada this weekend.

I’ve also put $70,000 of my own money into this campaign so far. That’s gone to gas, hotels, event tickets, and a table at every single Republican Lincoln Day dinner across the state, because the county parties need resources to compete. The Republican Party deserves candidates who invest in it.

If you’ve already donated, a thank-you note is either in your mailbox or on its way. If you haven’t, JeffCarterNV.com is where you can help. Every dollar goes into name ID and organization. Not into salaries. Not to me.

You will start to see ads on television if you haven’t already.

Even if you’re not a Nevadan, this race matters. State Treasurers manage public money, audit how it’s spent, and serve as the first line of defense against fraud and waste. In the current moment, with fraud being uncovered at every level of government, that job has never mattered more.

Getting fraud out of the system puts downward pressure on taxes and fees. A professional running the investment portfolio does the same. Nevadans deserve both.

Momentum is real. The donors know it. I’m running through the tape.

See more at JeffCarterNV.com