Deb Goldberg is seeking a third term as Massachusetts State Treasurer

“I am the one who makes the beginning, the middle and I hope there is no end – I hope [the work] supports each other,” Goldberg, 67, said in an interview. She cited a statewide program she started that is designed to help families save for college debt by making every baby born in Massachusetts eligible to receive $50.

“Continuing the work on programs like this and making sure they’re absolutely sustainable long after Deb Goldberg is here is really important,” she said.

If Goldberg wins a third four-year term, she would become Massachusetts’ second-longest-serving treasurer behind the late Robert Q. Crane, a Democrat who led the office for 27 years and whom Goldberg said he knew as a child.

Goldberg was easily reelected four years ago, edging out a former Republican National Committee member by nearly 40 points, and if successful this year, she hasn’t ruled out seeking another term in 2026. back when she was weighing a candidacy for Congress in the fall of 2019, she recalls holding a meeting in an office conference room where a portrait of Crane hangs, directly in her line of sight.

“And he’s looking at me from across the room and he’s looking at me [saying]’Don’t be a fucking fool,'” Goldberg said of his potential departure.

No other potential Democratic nominees have emerged for the seat, and no Republicans have yet filed paperwork with state campaign finance regulators indicating their interest in running. Joseph Malone was the last Republican to hold the seat when he left office in 1999 after serving two terms.

Although an afterthought for many voters, the state treasurer wields authority over billions of public dollars, leading a series of loosely connected boards and committees that oversee the state’s retirement fund, the state lottery and liquor regulation, among others. The office also manages contracts awarded to law firms and bond dealers.

Goldberg says he made further progress. The Massachusetts Pension Reserves Investment Management Board, which Goldberg chairs, said in December that the pension fund’s balance had reached $101 billion, marking the first time it had crossed the $100 billion threshold.

She pushed to use the fund as a weapon in the fight against climate change, recommending this the fund’s managers pressure companies to reduce emissions and take other actions to comply with global climate goals. Goldberg also advocated for allowing the lottery to offer online sales and for passing a legislative proposal requiring Massachusetts schools to provide financial literacy training, supported in part by private funds.

It’s a model she used to launch the University Savings Program, through which residents have created 14,100 accounts since the start of 2020. Goldberg’s office has raised $426,000 in private donations to help the fund before the Massachusetts Educational Financing Authority, a nonprofit, student organization created by statute. lender, provided financial support for the program.

If she ran unopposed in the fall primary, her race would stand out on a list otherwise defined by her potential for change.

Four of the state’s six constitutional offices will open after Governor Charlie Baker, Lt. Karyn Polito Attorney General Maura Healey and State Auditor Suzanne Bump all said they would not seek re-election, with Healey launching her own candidacy for governor.

Secretary of State William F. Galvin said Sunday he would seek a historic eighth term, but will face a Democratic primary challenge for the second time in as many cycles, this time from the leader of NAACP Local Tanisha M. Sullivan.


Matt Stout can be contacted at [email protected] Follow him on Twitter @mattpstout.

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