NEW: Riley Running for General Treasurer, Pledges to "Eliminate Wall Street's Influence"
GoLocalProv Political Team
NEW: Riley Running for General Treasurer, Pledges to "Eliminate Wall Street's Influence"
Riley, who had hinted at the run last week, made it official on Wednesday.
Statement from Riley
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTSince the 2012 Rhode Island State pension reform and the 2013 Providence Pension Reform, the health of our Pension systems have deteriorated rapidly putting taxpayers and beneficiaries increasingly in danger of a full-blown crisis. There is now little chance of restoring promises made to Teachers and State and Municipal Employees regarding suspended colas, as State funding ratio has collapsed to 52% from 60% after reform in 2012. In Providence, the Funding ratio has plummeted to 25% from 34% after Taveras Reforms. This deterioration occurred despite a bull market and supposedly 100% funding of ARC. Instead of funding our promises to Rhode Islanders we are doing worse.
Clearly, something is very wrong. In order to properly fund our promises, we need clean, ethical, low-cost portfolios that contain downside risk. We need to separate Politics from Pensions by removing Wall Street’s big donor influence on the Treasurer’s office. Hedge funds, high fee active Investment managers, real estate and high fee Private Equity Managers must be reduced by nearly 100%. Our Treasurer needs to demand from our Governor and Legislature significantly more in annual pension contributions. Lastly, we need to improve performance.
I am asking Rhode Island voters to give me the opportunity to shore up the Rhode Island pension system using my decades of professional experience managing portfolios. I can do this and at the same time eliminate most, if not all Wall Street’s current influence. God forbid we have the bear market or recession that I believe is overdue. If I am elected, Rhode Island will have an experienced manager who has managed money successfully during the 1987 crash, the long-term capital crisis of 1998, the 2000 -2001 DOT COM Bubble, the accounting fiascos of Enron and WorldCom and the 2008 Subprime crisis. The current health of the State and its pension system is extremely vulnerable to any economic downturn and Rhode Islanders should be concerned the current Treasurer is still learning on the job
I hereby announce my candidacy for Treasurer of the State of Rhode Island.
GoLocal Statewide Poll - Conducted by Harvard's Della Volpe - June, 2018
Registered Voters
Q1: Are you registered to vote in Rhode Island?
Total 501 100%
Yes: 501 100%
No: 0 0%
Don't know: 0 0%
Gender
Q2: Are you ...
Total
Total: 100%
Male: 44%
Female: 56%
Age
Q3: In which age group are you?
18-24: 7%
25-34: 16%
35-44: 15%
45-54: 20%
55-64: 17%
65+ 25%
Political Party
Q4: When it comes to voting, do you consider yourself to be affiliated with the Democratic Party, the Republican Party, Moderate, or Unaffiliated with a major party?
Democrat: 38%
Republican:14%
Moderate: 6%
Unaffiliated: 39%
Don't know/Refused: 3%
Likely Voters
Q5: Next year, in November of 2018, there will be a statewide general election for Governor and many other state offices. How likely is it that you will vote in this election? Will you definitely be voting, will you probably be voting, are you 50-50...
Definitely be voting.............................. 81%
Probably be voting............................... 19%
All others............................................. 0%
Top Issue
Q6: What would you say is the number one problem facing Rhode Island that you would like the Governor to address?
Taxes.................................................. .18%
Jobs and economy.............................. 16%
State budget.........................................11%
Roads...................................................10%
Education............................................ 8%
Healthcare........................................... 5%
Corruption/Public integrity.................... 4%
Immigration.......................................... 4%
Housing.............................................. ..2%
Governor............................................. ..2%
Homelessness.......................................1%
Other.. ............................................... 14%
Don’t know.......................................... 6%
Direction
Q7: In general, would you say things in Rhode Island are headed in the right direction or are they off on the wrong track?
Right track........................................... 19%
Wrong track......................................... 36%
Mixed.................................................. 45%
Optimism
Q8: Thinking ahead several years, is your outlook about Rhode Island more optimistic or more pessimistic?
Optimistic............................................ 52%
Pessimistic...........................................48%
Finances
Q9: Over the last three years or so, has your family's financial situation improved, gotten worse, or not changed at all?
Changed for the better......................... 24%
Changed for the worse......................... 33%
Not changed at all................................ 43%
Governor
Q10: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Gina Raimondo, a Democrat
I am sure to vote for her: 9%
There is a good chance I will vote for her: 19%
It is possible that I vote for her: 24%
It is unlikely that I will vote for her: 18%
I will never vote for her: 31%
Governor
Q11: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Matt Brown, a Democrat
I am sure to vote for him: 4%
There is a good chance I will vote for him: 8%
It is possible that I vote for him: 40%
It is unlikely that I will vote for him: 30%
I will never vote for him: 17%
Governor
Q12: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Spencer Dickinson, a Democrat
I am sure to vote for him: 3%
There is a good chance I will vote for him: 7%
It is possible that I vote for him: 37%
It is unlikely that I will vote for him: 35%
I will never vote for him: 18%
Governor
Q13: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Paul Roselli, a Democrat
I am sure to vote for him: 2%
There is a good chance I will vote for him: 7%
It is possible that I vote for him: 35%
It is unlikely that I will vote for him: 37%
I will never vote for him: 19%
Governor
Q14: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Allan Fung, a Republican
I am sure to vote for him: 7%
There is a good chance I will vote for him: 18%
It is possible that I vote for him: 28%
It is unlikely that I will vote for him: 25%
I will never vote for him: 21%
Governor
Q15: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Patricia Morgan, a Republican
I am sure to vote for her: 3%
There is a good chance I will vote for her.: 9%
It is possible that I vote for her: 32%
It is unlikely that I will vote for her: 35%
I will never vote for her: 21%
Governor
Q16: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Giovanni Feroce, a Republican
I am sure to vote for him: 2%
There is a good chance I will vote for him: 5%
It is possible that I vote for him: 24%
It is unlikely that I will vote for him: 35%
I will never vote for him: 34%
Governor
Q17: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Luis-Daniel Muñoz, an Independent
I am sure to vote for him: 3%
There is a good chance I will vote for him: 6%
It is possible that I vote for him: 33%
It is unlikely that I will vote for him: 38%
I will never vote for him: 21%
Governor
Q18: Which of the following comes closest to your view regarding each of the following potential candidates for governor of Rhode Island?
Joe Trillo, an Independent
I am sure to vote for him: 1%
There is a good chance I will vote for him: 8%
It is possible that I vote for him: 37%
It is unlikely that I will vote for him: 34%
I will never vote for him: 19%
Governor
Q20: If the election for Governor were held today and the candidates were: Democrat Gina Raimondo, Republican Allan Fung and Independent Joe Trillo - for whom would you vote?
Allan Fung, a Republican..................... 33%
Gina Raimondo, a Democrat................ 33%
Joe Trillo, and Independent.................. 16%
Don't know 18%
Governor
Q20: If the election for Governor were held today and the candidates were: Democrat Gina Raimondo, Republican Patricia Morgan and Independent Joe Trillo - for whom would you vote?
Gina Raimondo, a Democrat................ 39%
Patricia Morgan, a Republican............. 20%
Joe Trillo, an Independent................... 19%
Don't know ......................................... 22%
Governor
Q21: If the election for Governor were held today and the candidates were: Democrat Matt Brown, Republican Allan Fung and Independent Joe Trillo - for whom would you vote?
Allan Fung, a Republican..................... 35%
Matt Brown, a Democrat...................... 25%
Joe Trillo, an Independent.................... 14%
Don't know .......................................... 27%
Governor
Q22: If the election for Governor were held today and the candidates were: Democrat Matt Brown, Republican Patricia Morgan and Independent Joe Trillo - for whom would you vote?
Matt Brown, a Democrat...................... 30%
Patricia Morgan, a Republican............. 20%
Joe Trillo, an Independent.................... 18%
Don't know .......................................... 33%
U.S. Senate
Q23: If the election for the U.S. Senate were held today and the candidates were: [ROTATE] Democrat Sheldon Whitehouse and Republican Robert Nardolillo - for whom would you vote?
Sheldon Whitehouse, a Democrat........... 53%
Robert 'Bobby' Nardolillo, a Republican.. 31%
Don't know............................................... 16%
U.S. Senate
Q24: If the election for the U.S. Senate were held today and the candidates were: [ROTATE] Democrat Sheldon Whitehouse and Republican Robert Flanders - for whom would you vote?
Sheldon Whitehouse, a Democrat........ 54%
Robert Flanders, a Republican............. 32%
Don't know.......................................... 14%
Schools
Q25: If there was an election today, would you vote to approve or reject issuing $250 million in financing supported general obligation bonds to repair Rhode Island's deteriorating school buildings and bring them up to minimum standards called "warm, safe and dry"?
Net: Approve...................................... 74%
Definitely approve............................... 36%
Probably approve................................ 38%
Net: Reject......................................... 17%
Probably reject.................................... 9%
Definitely reject.................................... 7%
Don't know.......................................... 9%
PawSox
Q26: The Rhode Island General Assembly is in the process of negotiating a $40 million public financing deal with the Pawtucket Red Sox for a new stadium, hoping to bring a vote before the House and Senate this summer.
In general, do you favor or oppose the use of public funds to help finance a new stadium for the Pawtucket Red Sox?
Net: Favor.......................................... 33%
Strongly favor...................................... 13%
Somewhat favor.................................. 21%
Net: Oppose....................................... 59%
Somewhat oppose.............................. 21%
Strongly oppose.................................. 38%
Don't know.......................................... 8%
Fane Tower
Q27: The City of Providence and the state of Rhode Island are considering a proposal by New York developer Jason Fane to build a 46-story luxury residence tower in Providence, next to a public riverfront park. The developer will invest $250 to $300 million of his own funds. The project is called the Hope Point Tower, it would be 170-feet taller than the Superman building and would require waiving height restrictions and the use of state tax credits.
In general, do you favor or oppose development of the Hope Point Tower?
Net: Favor.......................................... 39%
Strongly favor...................................... 13%
Somewhat favor.................................. 27%
Net: Oppose....................................... 50%
Somewhat oppose.............................. 23%
Strongly oppose.................................. 27%
Don't know.......................................... 11%
Elorza/Traffic Cameras
Q28: How would you rate the job that Mayor Jorge Elorza has done managing issues related to speed cameras in Providence?
Net: Excellent/Good.......................... 26%
Excellent............................................. 6%
Good................................................... 20%
Net: Fair/Poor.................................... 74%
Fair...................................................... 29%
Poor.................................................... 45%
Q29: Since it was launched in 2016, UHIP -- the Rhode Island program designed to improve customer service for those who receive federal benefits -- has run into significant problems, including long lines, cost overruns, lost applications, over- and under-charging of patients and families.
Based on what you know at this time, what percent of blame for this do you assign to:
Deloitte, the consulting company who
produced the system........................... 53.3%
Governor Gina Raimondo, who has
been governor since the system
launch in September 2016................... 47.1%
NIMBYism
Q30: Presently, there are local groups opposing the development of a natural gas facility in Burrillville, solar projects in Exeter, a LNG facility in Providence and wind projects in North Kingstown.
Some people say that it is important for local groups to play a role in opposition of projects like these that could be dangerous or harmful to citizens;
Others say that local groups have gone too far to the detriment of the state’s long-term energy needs.
Which statement comes closer to your own view?
Local groups play an important role...... 46%
Local groups have gone too far............. 31%
Not sure................................................. 24%
Corruption
Q31: Compared to other states, do you think there is:
More political corruption in RI................. 63%
Less political corruption in RI................ 7%
About the same level as other states..... 30%
Income
Q32: The next question is about the total income of YOUR HOUSEHOLD for the PAST 12 MONTHS. Please include your income PLUS the income of all members living in your household (including cohabiting partners and armed forces members living at home).
$50,000 or less.................................... 33%
More $50,000 but less than $75,000..... 18%
More $75,000 but less than $100,000... 16%
More $100,000 but less than $150,000. 13%
$150,000 or more................................ 10%
Don't know/refused.............................. 10%
Ethnicity
Q33: What particular ethnic group or nationality - such as English, French, Italian, Irish, Latino, Jewish, African American, and so forth - do you consider yourself a part of or feel closest to?
Net: White, Non-Hispanic..................... 82%
Black or African American.................... 6%
Latino/Hispanic.................................... 5%
Other.................................................... 7%
Geography
Q34: City/Town Into Region.
West Bay............................................ 28%
Metro-Providence................................ 28%
Blackstone Valley................................ 21%
South County...................................... 10%
East Bay............................................. 13%
