State Treasurer Gina Raimondo is throwing cold water on a plan advanced by Frank Caprio, the man who wants her job.
Caprio has proposed reducing pension fund investment fees and funneling that money back into cost of living increases for teachers and public employees. Their pensions were frozen in 2011 as part of a package of legislative reforms to shore up the ailing pension system.
It’s official. Former state treasurer Frank Caprio is running for his old job. And he’ll be running as a member of his old party.
After disaffiliating from the Democratic Party and toying with the idea of running as a Republican, Frank Caprio has decided to run for his old job as general treasurer as a Democrat. Announcing his candidacy at a Federal Hill pizzeria, he explained his reasoning.
David Caprio warmed to the task of scorning Republicans following his unanimous election Thursday night as the new chairman of the Rhode Island Democratic Party. Speaking before a few hundred party insiders at the Portuguese Club in Cranston, he offered a series of comparison-contrast points to highlight how, as he described it, Democrats remain the party of working families.
RIPR has learned that former state representative David Caprio has been selected to be the new chairman of the Rhode Island Democratic Party.
Larry Berman, spokesman for House Speaker Gordon Fox, says Fox is recommending Caprio for the position and will place his name in nomination during an October 3 Democratic State Committee meeting at the Portuguese Club in Cranston. "It is up to the committee" to select Caprio, Berman said. Asked if there will be any other candidates for state party chair, Berman said, "Not that we've heard."
Democratic candidate for treasurer Ernest Almonte joins the Roundtable to discuss lingering questions about 38 Studios; the state pension fund's stake in hedge funds; and how John Robitaille could remake the GOP field for governor in 2014.
Pablo Rodriguez joins the Roundtable this week as we discuss the 2014 race for treasurer; Governor Lincoln Chafee's recent judicial nominations; lower-than-expected state revenues; and the trio of controversies facing President Obama.