Who is running for Connecticut State Treasurer and Comptroller?

Since 1639, Connecticut has required a treasurer to keep track of the state’s finances. The comptroller is in charge of public accounting and financial services for the state.

HARTFORD, Conn. – Who is running for Connecticut state treasurer and state speaker this midterm election cycle?

Since 1639, Connecticut has required a treasurer to keep track of the state’s finances.

The general responsibilities of the treasurer and his office include:

Improve the financial integrity and solidity of Treasury operations. Provide direction and leadership in the execution of Treasury functions. Promoting the economic well-being of the state and its citizens and businesses within the limits of fiduciary standards.

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The Treasurer’s Office it also oversees six divisions: cash management, debt management, management services, pension fund management, second injury fund and unclaimed property.

After more than three years serving as Connecticut’s current state treasurer, Shawn T. Wooden will not seek re-election. The decision was announced last spring.

That said, there is an empty seat to fill to manage the state’s finances in the governor’s administration.

There will be a Democratic primary race for the candidacy for state treasurer.

Eric Russell

During his campaign, Erick Russell of New Haven said he will do the following if elected treasurer:

“Keeping Connecticut’s finances and bond rating strong” to “meet our obligations to municipal employees, police and firefighters, and all of our retirees.”

“Leverage our state investments to help force positive change for corporate America. Whether it’s human rights, gun safety, climate change or health care…the power of Connecticut’s wallets can and has to be used as a positive force for good.”

“Working in partnership with local and state officials, and other treasurers across our country, to help make long-term investments in Connecticut families and communities. Whether it’s expanding financial literacy for all our residents how to support incredible local programs like Connecticut Baby Bonds, which help fight poverty, reduce racial inequality, and spur long-term economic growth for everyone.”

Russell won the state Democratic Party’s endorsement for state treasurer in May 2022 during the Democratic State Convention. It was also endorsed by New Haven Rising. He was also endorsed by current state Comptroller Natalie Braswell, as well as former Secretary of State Denise Merrill.

His campaign was approved for a public funding grant in July.

Dita Bhargava

As treasurer, Dita Bhargava of Greenwich aims to make pensions sustainable for teachers and state workers, maximize pension fund performance, be socially responsible corporate governance, create Treasurer’s Office initiatives such as CHET and Improving Financial Literacy , and continue state and banking partnerships.

Bhargava earned a bachelor’s degree in Electrical Engineering from McMaster University. After graduation, he studied finance and became a trader on Wall Street for more than two decades.

She went on to co-found Parity Partnership of Connecticut, a nonprofit organization that addresses and educates the public about gender inequality.

She was “unanimously” elected Vice Chair of the Connecticut State Democratic Party in January 2017.

Bhargava has received many statewide endorsements from municipal leaders and state legislators. He has also received national endorsements, including from 3.14 Action, a nonprofit political action committee that seeks to elect scientists.

It also received national support from Indra Nooyi, former CEO of PepsiCo, and Gary Mendell, current president of HEI Hotels & Resorts.

Karen DuBois-Walton

As treasurer, Karen DuBois-Walton New Haven plans to ensure Connecticut’s investments show growth and protect public pensions. It plans to guide state investments in communities in ways that benefit “working” families and “stimulate equitable growth.” It said it will “create opportunities for families to save, build assets and improve their financial education,” as well as “provide fair and equitable leadership that improves morale, productivity and outcomes.”

DuBois-Walton is currently CT State Board of Education President.

He also ran against Justin Elicker in the New Haven mayoral race last year, but dropped out before the primary, making Elicker the Democratic nominee.

Elicker would later give a joint endorsement to DuBois-Walton as treasurer, along with former New Haven mayors Toni Harp and John DeStefano, Jr.

DeBois-Walton was also endorsed by the Working Families Party.

DuBois-Walton earned her bachelor’s degree from Yale University and her master’s and Ph.D. from Boston University.

There is a Republican candidate, and he has received the support of the party.

Harry Arora

Harry Splitof Greenwich, is currently the state representative for the 151st district and is the ranking member of the Labor Committee.

Arora hopes to boost state pension returns by improving asset allocation and cutting fees.

He founded an investment business in Greenwich and has run it for 20 years.

Arola said he “really represents the American dream,” as he came from India to America for graduate school and graduated with a master’s degree in business administration from the University of Texas at Austin. He became a naturalized US citizen in 2004 and lives in Greenwich with his family.

RELATED: Connecticut restaurants struggle with state minimum wage hike

The State intervention is in charge of public accounting and the financial services of the State. This includes administering employee and retiree benefits. They develop accounting and oversight policies, as well as prepare financial reports at the state, federal, or local level.

For comptroller, there is no primary election, but two candidates will face off in November.

Sean Scanlon

Sean Scanlon is running on the Democratic ticket. He is currently the state representative of the Connecticut’s 98th District.

In an opinion piece published in CTPpost in April 2022he said Connecticut is “really turning a fiscal corner,” citing “record savings and surpluses.”

He said he is running for Comptroller to keep the state moving forward.

His goal is to do this by “putting money back in people’s pockets,” highlighting the gas tax cut and the child tax credit that was passed this past legislature.

He is also calling for health care reform, promising to continue pushing for laws that lower drug prices and expand access to insurance.

To grow jobs, Scanlon said growing savings, paying down debt and modernizing workforce training programs will give small and large businesses confidence going forward.

Mary Fay

Mary Fay of West Hartford is running on the Republican ticket for Intervention.

Fay believes “Connecticut deserves better” when it comes to the state’s economy, taxes, jobs, public safety and financial future. She said she will bring fiscal responsibility, honest reporting and forecasting and operational efficiencies to the table if elected.

He said he has held several senior and executive leadership positions in the financial industry, including Sun Life Financial, Travelers, Hartford HealthCare, The Hartford, ING, AIG and GE Capital.

Fay is also a member of the West Hartford city council and has served on the council’s Finance, Budget and Administration Subcommittee.

Fay ran on the Republican ticket for the 2020 CT US House District 1 election, won by Democratic incumbent John Larson.

Leah Myers is a digital content producer at FOX61 News. She can be reached at lmyers@fox61.com

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