Deborah Goldberg is the only candidate running so far running for Massachusetts state treasurer, but State Sen. Barry Finegold and State Rep. Tom Conroy are likely to get into the race in January.
BOSTON — State treasurer Steve Grossman's decision to run for governor opens up a race for another one of the state's constitutional offices.
Deborah Goldberg, a former Brookline selectwoman and one-time candidate for lieutenant governor, has had the treasurer's race to herself since October.But, political observers say state Sen. Barry Finegold, of Andover, and state Rep. Tom Conroy, of Wayland, are likely to get into the race early in the new year, opening up a possible three-way Democratic primary.
No Republicans have announced their intentions to run for treasurer, although state Republican Party spokeswoman Emmalee Kalmbach said the party has a likely candidate, who will announce in January or early February.
Former U.S. Senate candidate Gabriel Gomez, a Republican, has been named as a possible contender but has not given any indication publicly that he is considering the treasurer's race.
Along with chairing the state Lottery Commission, the treasurer oversees a $9.3 million budget and has just over 100 employees. Among other duties, the state treasurer oversees the Unclaimed Property Division, the state Retirement Board, and the Alcoholic Beverages Control Commission. The treasurer also serves as chair of the state School Building Authority and the $57 billion Pension Reserves Investment Management Board.
Deborah Goldberg
For now, Goldberg has the field to herself.
She had $72,000 in her campaign bank account as of Dec. 15, and plans to hire staff in January.
Goldberg, 59, is a Brookline native who dates her political involvement back to being a 7-year-old mascot for Michael Dukakis' 1961 state representative run. She has volunteered for the campaigns of former U.S. Sen. Edward Kennedy, former U.S. Rep. Barney Frank, presidential candidate Hillary Clinton and others.
Goldberg became a Brookline selectman in 1998 and served for six years, the last two as chair. In 2006, she ran for lieutenant governor, but lost in the Democratic primary to Tim Murray. She was elected Democratic state committeewoman in 2012.
She serves on the board of directors of the treasurer's Commonwealth Covenant Fund, which provides tuition reimbursements to low-income students who study and work in science and math-related fields.
Professionally, Goldberg's family founded Stop & Shop supermarkets, and she worked for the company until it was sold in 1988. She attended Boston College Law School and Harvard Business School.
She has been active in various non-profits working on strategy, audits and management. She is president of an adoption agency, executive committee member of the education reform group Center for Collaborative Education, and has worked with Planned Parenthood, Combined Jewish Philanthropies and other groups.
"Every single thing I have done is a perfect fit in this very diverse, complicated and important area of state government," Goldberg said. As a selectwoman, she said, she was involved with issues surrounding school buildings, pensions and lottery distributions. She has negotiated with unions, and, at Stop & Shop, worked with those selling lottery tickets.
"I have a marketing background and can work on the lottery and how we work in that competitive environment, should outside things such as casino gambling impact us," Goldberg said.
Goldberg says she would focus on creating a more robust financial literacy program for children, seniors and adults.
She also wants to increase the number of women, minorities and immigrants who are on boards and involved with public policy.
One major issue facing Massachusetts is its unfunded liabilities for pensions and retiree health benefits. Goldberg said she wants to work with the governor and administration and finance officials to identify untapped revenue sources that can go toward unfunded liabilities. She also wants to create a "think tank of financial experts" to look at possible funding instruments. "These are the kind of things we need to be creative about without taking any risks with what presently exists," Goldberg said.
Asked about attempts to have the state divest its pension funds from fossil fuels, Goldberg said she thinks the treasurer has a role in speaking about moral issues. At the same time, any decision to divest must be taken thoughtfully and done over time to avoid harming investments.
Tom Conroy
Conroy, 51, holds a master's degree in business administration from Boston University and spent most of his career in business consulting, working for several consulting companies between 1995 and 2011. He has been a legislator since 2007, where he is now chairman of the Joint Committee on Labor and Workforce Development. He considered running for treasurer in 2009 but decided against it. He ran for U.S. Senate in 2011 but dropped out before the Democratic primary, citing difficulties fundraising after Elizabeth Warren entered the race. He said he is "seriously considering" the 2014 treasurer's race and will make an announcement in January.
Conroy's first experiences in politics came after he graduated from Yale College and worked for U.S. Sens. Gary Hart, D-Colo., and Barbara Mikulski, D-Md., In the early 1990s, he traveled to Thailand, Cambodia and Haiti, working with refugees.
As a state legislator, Conroy has been involved with issues relating to the state's unfunded liabilities for pensions and retiree health care benefits. "The work I've done as a state representative has been very focused on issues and responsibilities that the treasurer's office faces," Conroy said.
One bill he wrote directed funds from a settlement with tobacco companies to a trust fund for OPEB (other post employment benefits). Another bill directs the money the state gets from civil settlements to the OPEB trust fund or the state's rainy day fund, officially called the stabilization fund. Previously, the money from both settlements went into the state's general fund. Conroy said his bills allowed the state to use additional, non-taxpayer revenue to make the health care trust fund more solvent and add to the rainy day fund, which helps the state maintain a high bond rating and low interest rates.
"We're not spending it willy-nilly. We're actually saving it and parking it into the stabilization fund. That’s something credit agencies like," Conroy said.
In other areas, Conroy said he wants to increase spending on water and sewer infrastructure. He wants to expand a program that Grossman put in place investing state money in local banks. He wants to expand the portfolio of student loans administered by the treasurer's office.
Conroy had $15,000 in his state campaign account as of his last report in June.
Barry Finegold
Finegold spokesman Dan Cence said Finegold is not doing interviews about the treasurer's race until after he makes a final decision.
"He's taking a hard look at it," Cence said.
Finegold has raised a significant sum of money this year and had $271,000 in his state campaign account as of June.
Finegold, 42, an attorney, served as a representative from 1997 to 2011, then was elected to the state Senate. He chairs the Joint Committee on Election Laws and is vice chair of the Joint Committee on Telecommunications, Utilities and Energy.
Finegold has held elected office since age 24, when he was elected Andover selectman, a year before he ran for the Legislature.
He is the son of teachers and grew up in low-income housing in Boston. He has a law degree from Massachusetts School of Law and a master's in public administration from Harvard University's Kennedy School of Government.
Finegold worked with Grossman on a bill creating a curriculum to promote financial literacy among middle and high school students. He ran a first time homebuyer program in Lawrence.
In other areas, he helped pass a 2007 bill to designate emergency rooms and police stations as places where parents could legally leave their newborn child if they could not care for the child. He has worked to expand charter schools. He has pushed for election reforms, such as online voter registration and early voting.