Almonte Shifts Gears to Run for Treasurer, not Governor

May 16, 2013

Former state auditor Ernest Almonte has made it official -- after announcing for governor last year and vowing to stay in the race, he's decided to run instead for state treasurer as a Democrat:

Over the past year, I have traveled across the state and I’ve been particularly moved by the heart to heart conversations I’ve had with Rhode Islanders about how we can create a better future. I have listened to your input and as always, I have made a decision based on logic. I realize at this point in my life, I can create greater good for the State of Rhode Island by applying my education, experience and ethical foundation to the office of General Treasurer.

Beyond that, a statement released by Almonte Thursday morning doesn't offer an explanation of why he decided to change gears, joining a race in which former treasuer Frank Caprio has already declared his intentions. (Caprio, who has run as a Democrat in the past, hasn't made clear his party affiliation for next year's campaign.) Current Treasurer Gina Raimondo (and Providence Mayor Angel Taveras) are widely expected to run for governor in 2014.

Almonte's statement focuses on his background:

As a lifelong Rhode Islander, I firmly believe our state is at a crossroad in its ability to create and sustain a prosperous future. In order to secure this vision, I will focus on 4 main areas:

  1. Applying my extensive financial experience to develop and implement a sound financial investment strategy;
  2. Developing a team of financial experts to provide assistance to municipalities with their individual and unique financial situations;
  3. Developing a financial education system for all Rhode Islanders to help them take control of their finances;
  4. Addressing the issue of identity theft to protect our senior citizens and others from having someone steal the precious resources they’ve worked so hard to accumulate.

I have more than 30 years of experience as a Certified Public Accountant (CPA) and financial expert. For 15 years, I successfully fought to protect Rhode Island taxpayers and root out fraud while serving as the Rhode Island Auditor General. During that time, I audited the RI General Treasurer’s office on an annual basis. I know the inner workings of the Treasurer’s office and the areas where improvement can be made to benefit all Rhode Islanders.