Former state auditor Ernest Almonte has announced plans to run as a Democrat for state treasurer next year. Former treasurer Frank Caprio has also expressed his intention to run for the post.
Almonte’s decision to run for treasurer marks a switch, since he announced plans last year to seek the governor’s office in 2014. In a statement, Almonte doesn’t explicitly explain his decision to change course. Yet he says he’s listened to input from Rhode Islanders and – quote – “made a decision based on logic.”
Two Democrats, Treasurer Gina Raimondo and Providence Mayor Angel Taveras, are expected to compete in a high-profile primary for governor next year.
Almonte says he would use his more than three decades of experience as a CPA to bolster the economy. His ideas include promoting financial education, overseeing a sound state investment strategy, and offering expert economic advice for cities and towns.