Frank Caprio's campaign for Treasurer of Rhode Island announced today that the Warren Democratic Committee has endorsed his campaign for Treasurer.
"Warren Democrats know that Frank Caprio ran an efficient, customer-friendly Treasurer's office and we are enthusiastically supporting his comeback bid," said Richard Silva, chairman of the Warren Democratic Committee. "We know that Frank will work hard day-in and day-out to ensure that taxpayer dollars are protected and that the state is focused on growing our economy and supporting our small businesses."
"I want to thank the Warren Democrats for their support and their endorsement," Caprio said. "From creating a small business revolving fund to tackling student loan debt to supporting the state's investments in infrastructure, we will turn our state's economy around with smart, targeted investments."
As Treasurer, Caprio said he "ran one of most efficient and transparent offices in the state.," according to a release.
"He reduced spending in the office, saved the pension fund approximately $1 billion by getting the state out of toxic investments in the subprime mortgage market and cut the amount the taxpayers paid in investments fees to Wall Street money managers. Despite a bad economy, under his leadership the state’s pension fund performed well, including outperforming the State of California’s pension funds and the Harvard Endowment."
Caprio has won the endorsements of a majority of Providence's elected officials, the RI State Association of Fire Fighters, the Rhode Island Brotherhood of Correctional Officers, North Providence Mayor Charles Lombardi, Johnston Mayor Joseph Polisena, Central Falls Mayor James Diossa, and the Johnston Democratic Town Committee.