Newcomer Magaziner Wins RI Treasurer Race

Political newcomer Seth Magaziner has won the race for Rhode Island general treasurer.

Political newcomer Seth Magaziner has won the race for Rhode Island general treasurer.

The 31-year-old Democrat defeated independent Ernie Almonte in Tuesday's election.

Magaziner made the state's struggling economy central to his campaign. He promised to bring a fresh perspective to state government and use the treasurer's office to promote economic growth. He wants to invest in infrastructure and energy-efficient projects and invest more of the state's pension money locally.

Magaziner most recently worked as a vice president at the investment firm Trillium Asset Management.

Almonte is a former state auditor general.

Copyright AP - Associated Press
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