State Treasurer Denise L. Nappier told reporters late Monday afternoon that she has decided to run again.
I’ve worked hard to put our state’s financial house in order, and to make sure we keep our commitments – including funding of the state’s pension promises to our employees and teachers and managing Connecticut’s debt in a prudent way to save taxpayers hundreds of millions of dollars. We still are not at full recovery, but we can now see a path forward.
Nappier, who is 62, plans to participate in the taxpayer-funded Citizens Election Program, which requires that she raise $75,000 through donations of $100 or less. She was first elected state treasurer in 1998. Nappier is the first African American woman to serve as a state treasurer in the country. The treasurer’s office oversees approximately $50 billion in state funds, including the $24 billion Connecticut Retirement Plans and Trust Funds.
State Democratic party Chairwoman Nancy DiNardo issued a statement congratulating Nappier on her decision to seek a 5th term.
“During her decade and a half of service to the people of Connecticut, Treasurer Nappier has helped generate tremendous returns on our pension fund investments and issued state bonds in a cost-effective manner,” DiNardo said.
Nappier oversaw a plan to reduce the unfunded liability of the Teachers Retirement Fund, DiNardo said.
And the treasurer has also led a drive to improve financial literacy education, and to make college more affordable and accessible through the Connecticut Higher Education Trust. DiNardo added.
Nappier is the third constitutional officer to announce her plan to seek reelection: earlier this month, Comptroller Kevin Lembo and Secretary of the State Denise Merrill announced their plans to run again. Lembo and Merrill are also Democrats.