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Treasurer (4-year term)
Pay: $124,920
  • Collects, takes care of and gives out state funds
  • Issues state bonds and decides the investment policy of the state

Candidates:
ELECTED
 
Timothy Cahill
James O'Keefe
Timothy P. Cahill
incumbent, Democrat, Quincy
James O'Keefe
Green-Rainbow, Somerville
Contributions: PDF | XLS
Contributions: PDF | XLS

AGE: 47
ADDRESS: 51 Grenwold Road., Quincy
OCCUPATION: State treasurer and receiver general, 2003-present.
EDUCATION: Bachelor’s degree, Boston University, 1981
EXPERIENCE: Norfolk County treasurer, 1996-2002; Quincy city councilor, 1987-2003; co-founder, Handshakes Cafe, 1982-1995
FAMILY: Wife, Tina; children Makena, Nicole, Devin, Kendra

AGE: 38
ADDRESS: 25 Moore St., Somerville
OCCUPATION: Software quality assurance manager and engineer, m-Qube Corporation
EDUCATION: Bachelor’s degree, University of Massachusetts-Amherst, 1990; master’s in economics, Boston University, 1998.
EXPERIENCE: Co-chairman, Green-Rainbow Party of Massachusetts, 1999-2000
FAMILY: Wife, Melanie; children, Liam and Emma

 


Victorious Cahill poised for more


The Patriot Ledger / Nov. 8, 2006

BOSTON - After sailing to a second statewide election win, state Treasurer Timothy Cahill of Quincy says he’s “taking one race at a time” despite earning a safe spot on the short list of Democrats positioned for a run at higher office.

“Deval Patrick taught us that you can’t predict the future, so you never know,” Cahill said of his future after addressing a group of about 200 supporters last night. “We’ll see. I’m in no rush. I have the best job in state government, and right now I’m just focusing on continuing to do that job.”

Cahill coasted to another four-year term in the treasurer’s office by taking 84 percent of the vote statewide in a contest with Green Rainbow Party candidate James O’Keefe, who garnered 16 percent of the vote. Cahill got 1.56 million votes, including 24,000 in Quincy, his hometown.

There was no Republican candidate for the office.

While Cahill shied away from making any promises about his future plans, he acknowledged that he sees his record, combined with the consecutive statewide wins, putting him “in a good position” should something come up.

In the immediate future, the biggest job with a potential opening is the U.S. Senate seat held by John Kerry. If Kerry decides to run for president again in 2008, he will have to relinquish the seat because his six-year term expires that year.

Cahill, a former Quincy city councilor and Norfolk County treasurer, talked up what his office has done in his first four years. From increasing state Lottery revenue to restructuring the public pension system to overhauling the state’s school construction program, “we did what people thought was impossible,” Cahill said.

The way the state now pays for building schools has saved “billions of dollars,” he said.

“But most importantly, we gave children hope and we gave our teachers hope for a better future,” Cahill said during his speech at Democrats’ election-night party at the Hynes Convention Center.

Christopher Walker may be reached at cwalker@ledger.com.
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A long shot for Cahill opponent

Treasurer touts his record; O’Keefe says he’s paving the way for the future
Patriot Ledger State House Bureau / Oct. 17, 2006

BOSTON - State Treasurer Timothy Cahill says he’s running for reelection on a record that includes increasing state Lottery revenues, returns on state pension system investments, and a revamping of the way the state pays for local school construction.

“I’m satisfied with what we’ve accomplished,” Cahill, a Quincy Democrat, told The Patriot Ledger editorial board. “I hope we accomplish more.”
Cahill sour on wine question

Cahill’s sole opponent in his bid for a second four-year term in the Nov. 7 election is Green-Rainbow candidate James O’Keefe. There is no Republican candidate in the race.

In a separate appearance before the newspaper’s editorial board, O’Keefe, 38, a Somerville resident, acknowledged his campaign against a well-known incumbent is a long shot. But he acknowledged part of his mission is to promote the fledgling Green-Rainbow Party.

“That we come out of this being able to field more candidates for city and town elections next year, that’s more what I’m interested in,” O’Keefe said. “I think that’s where our successes will be, on the local level, and that will then build onto future years. It’s a long-term process.”

Cahill said his accomplishments include increasing the $43 billion state pension fund by more than 50 percent in three years. not sure this is true

Under Cahill’s watch, the Pension Reserves Investment Management board has moved to expand the state pension fund’s investments in alternative investments, such as private equity funds and hedge funds, while reducing the fund’s exposure to stocks of U.S. companies. Cahill says the diversification helps protect the fund against a market downturn and broadens the ways in which the fund can increase its returns.

O’Keefe said if elected treasurer, he’d focus the state’s pension fund investment strategy on environment-friendly and Massachusetts investments such as housing projects and small business.

“We (would) have the advantage that we’re making our commonwealth more sustainable, we are providing jobs in Massachusetts, and we’re having a decent, stable rate of return for our public school teachers and state workers,” O’Keefe said. “Those are low-hanging fruit that we could easily be going after, rather than investing in hedge funds which take bets on where a currency is going to go or which way natural gas futures are going to go.”

O’Keefe also said he’d use the leverage of the state pension system to prod corporations into becoming better corporate citizens.

Cahill points to the success of the state Lottery, which the treasurer oversees, and which has seen record growth three years in a row. Last year, the Lottery generated $4.5 billion in revenue, returning $3 billion in prizes to players and $951 million that goes back to cities and towns in the form of local aid.

Cahill said future plans for the Lottery include a Celtics lottery scratch ticket to complement the popular Red Sox ticket.

O’Keefe said he worries that the Lottery is a regressive tax on the poor, and opposes advertising the Lottery in low-income areas.

Cahill also points to his work revamping the state’s School Building Authority, the state authority that oversees school funding construction. The authority worked to reign in the billions in commitments it made in past years to local school construction projects. The moratorium ends in July 2007.

“We will only accept the number of projects we can afford to finance,” Cahill said.

O’Keefe said his non-affiliation with either major political party is an asset that Cahill doesn’t have.

“Since I’m not tied to either of the major political parties, I’m not beholden to wealthy political contributors,” O’Keefe said.

Tom Benner may be reached at tbenner@ledger.com.



State treasurer race: Big war chest is just one of Cahill’s advantages


Patriot Ledger State House Bureau / Oct. 13, 2006

BOSTON - State Treasurer Timothy P. Cahill enjoys a huge fundraising advantage as he seeks a second four-year term in the Nov. 7 election.

The Quincy Democrat also enjoys two other advantages: there is no Republican candidate in the race, and his only opposition is third-party candidate James O’Keefe, who has very little money to spend on a political campaign.

As of Sept. 30, Cahill had $424,722 in his campaign war chest. That was on top of $1.3 million he had put in savings, meaning he had $1.7 million in his campaign reserve, state campaign records show.

As the head of the state office that oversees the state pension fund and the Alcoholic Beverages Control Commission, Cahill regularly receives campaign contributions from the investment industry and alcohol salesmen.

He continues to rake in contributions; he took in $38,500 last month alone.

State election laws allow candidates to amass large campaign accounts that can be carried over to future elections.

Reflecting the low-key tone of this year’s race, Cahill’s campaign expenses have been relatively small. Cahill reports that he spent $138,000 between Jan. 1 and Sept. 30.

By contrast, he spent $1.2 million on his first bid for the job, in 2002. His opponents in that race were Republican Dan Grabauskas, who spent $625,165, and Green-Rainbow Party candidate O’Keefe, who spent $41,000.

O’Keefe, a Somerville resident, is making his second bid for the job on the Green-Rainbow ticket. State records show that he had $4,271 in his campaign account as of Sept. 30.

This spring, the state Republican Party endorsed Ron Davy of Hull to run for treasurer, but he fell 40 signatures short of the 5,000 required to appear on the ballot. Hingham police picked up Davy on a drunken-driving charge on Sept. 30.

The following South Shore residents and organizations contributed to Cahill’s campaign between Jan. 1 and Oct. 5:

$500 - Jane Ayoub, Milton; Paul Ayoub, Milton; Charles Bosworth, Canton; Delphine Bosworth, Canton; Garrett J. Bradley, Hingham; George Brewster, Milton; Peter Cahill, Hingham; Jay Cashman, Quincy; Bernadette Cerqueira, Marshfield; Patrick Cloney, Quincy; Michael Connors, Milton; Peter Cook, Kingston; Joseph Corcoran, Milton; Linda M. Corcoran, Milton; Michael J. Corcoran, Milton; John Corey, Milton; Lorraine Corman, Randolph; David Corman, Sharon; Joseph Coyne, Quincy; Susan Coyne, Quincy; Michael Creedon, Holbrook; Richard Curtis, Weymouth; John DeMarco, Abington; John Dunnet, Quincy; Anthony Falco, Quincy; Suzanne Falco, Quincy; James Federico, Braintree; Edward Fish, Braintree; Lloyd Gainsboro, Sharon; Roberta Gainsboro, Sharon; Carol Gemelli, Hanover; David Gemelli, Hanover; Lena Goldberg, Cohasset; Carolann Hayhurst, Canton; Kristie Henriksen, Cohasset; Martin J. Hernon, Cohasset; Katherine Hesse, Milton; Loretta Ingalls, Duxbury; Lynn Kelly, Braintree; Steven Kelly, Braintree; James Kelly, Duxbury; Nancy Kelly, Quincy; Lee Kennedy, Duxbury; Annmarie Kennedy, Quincy; Thomas Kiley, Quincy; Rosa M. LaCara, Weymouth; James M. Lee, Hanover; Maryellen Lee, Hanover; Maureen Linskey, Hingham; Arthur Luke, Plymouth; Bruce MacFarlane, Quincy; Donald Mackinnon, Hingham; Leslie Mackinnon, Hingham; David Mahoney, Quincy; Richard B. McDonough, Braintree; Tammy McFarland, Hingham; Thomas A. McFarland, Hingham; Sheila McIntyre, Quincy; Francis Messina, Braintree; Frank Messina, Braintree; Bruce Howard Minevitz, Hull; George Moje, Quincy; Arthur Murphy, Quincy; Nancy Murphy, Quincy; Patricia Nee, Holbrook; Marcia O’Connell, Quincy; Peter F. O’Connell, Quincy; William O’Connell, Quincy; Austin O’Malley, Quincy; Ann Margaret O’Neill, Duxbury; Kristen O’Sullivan, Norwell; Ann Padden, Marshfield; Paul Padden, Marshfield; Joseph Rhatigan, Hingham; Antonio Ruscito, Quincy; Donna Jean Sanderson, Quincy; Joseph Shea, Quincy; Josephine Shea, Quincy; Robert Sheridan, Hingham; Ellen Silk, Sharon; South Shore Business-Industry PAC, Quincy; Dino Susi, Canton; Janet Susi, Canton; Teamsters Local 127, Quincy; Robert L. Tedeschi, Norwell; Thomas Thurston, Duxbury; A. Raymond Tye, Braintree; Eileen Tye, Braintree; Utilitiy Workers Union Of America, Braintree; John Walsh, Abington; Richard Watson, Hingham; International Brotherhood of Electrical Workers, Quincy.

$450 - Paul Losordo, Quincy.

$350 - Walter Jacobs, Quincy; Peter M. Kenney, Scituate; William Kiley, Quincy; Gerard S. McAuliffe, Quincy.

$300 - Judith Flynn, Hingham; Mark Haley, Weymouth; Gregory Hargadon, Weymouth; Donald Lopez, Milton; Maryanne Murray, Hingham.

$250 - James Aucoin, Quincy; Joseph Ayoub, Milton; Robert Bizak, Hanover; Alexander Campbell, Quincy; Edward Casassa, Scituate; Brian J. Donahue, Hanover; Henry Dondero, Quincy; Stephen P. Dunleavy, Quincy; Geraldine Dussault, Quincy; David Duval, Quincy; Sean Farrell, Quincy; Bernard Hamill, Quincy; Kevin Harrington, Hanover; Robert Higgins, Norwell; Leo Martin, Quincy; Lisa McBirney Aucoin, Quincy; Richard McGaughey, Holbrook; Celeste McGlone, Quincy; Jason Murphy, Whitman; Kenneth Quigley, Milton; Huguette Trainor, Braintree; Ellen Zane, Hingham.

$225 - Frances Eastwick, Quincy; Dorothy O’Flaherty Nedelman, Braintree.

$200 - Cheryl Barter, Quincy; Barry Berman, Sharon; Robert M. Byrne, Milton; Judith Coyne, Milton; William Cummings, Quincy; Nicholas De Vincentis, Quincy; Cyrus Del Vecchio, Hingham; Daniel Dewey, Quincy; Matthew Foley, Quincy; Patricia Gilmore, Quincy; Robet Harnais, Quincy; Thomas Hippler, Sharon; William F. Kennedy, Quincy; Peter Kessel, Canton; Andrew McElaney, Hingham; Francis O’Brien, Canton; John Raymer, Braintree; David Scheuer, Stoughton; Phyllis Scheuer, Stoughton; Marc Smith, Duxbury; Kevin Spitz, Marshfield; John Stenson, Milton; Avis Stiller, Stoughton; Paul Thornhill, Quincy; Faith Weiner, Stoughton; Barbara Whalen, Rockland.

$150 - Anthony Cruthrid, Rockland; Sean Healy, Milton; Michael J. Marshall, Weymouth; James P. Sweeney, Quincy.

$125 - Denise B. Boyd, Quincy; Christopher Burnes, Duxbury; James Canney, Hanson; James Chiccino, Quincy; Robert Cochrane, Quincy; Paul Connors, Randolph; Darrin Decoste, Quincy; Richard Decristofaro, Quincy; Peter Driscoll, Hanover; Ennio Eleuteri, Quincy; Maryann Fallon, Quincy; Lawrence Falvey, Quincy; Robert Foy, Quincy; Debra Gilcoine, Quincy; Myra Gilcrest, Quincy; Violet M. Gillis, Quincy; Stephen J. Hawko, Quincy; James Henderson, Milton; Thomas Heneghan, Duxbury; Brian Hickey, Quincy; Lisa Kamb, Quincy; Teresa Keefe, Norwell; Deborah Kelly, Sharon; Joseph Kintigos, Quincy; Donald E. Knight, Quincy; Stephen M. Kozlowski, Quincy; Lloyd Light, Weymouth; Michael E. McFarland, Quincy; Stephen McGrath, Quincy; Christine McQuillan, Braintree; Noreen Myers, Quincy; John Neill, Quincy; Charles Nolan, Plymouth; Paul O’Sullivan, Norwell; James Papile, Quincy; Theresa Piatelli-Lord, Quincy; Joseph Russell, Quincy; Joseph Shea, Canton; Joseph Souza, Quincy; Richard Sweeney, Quincy; Rose Thibeault, Quincy; Emilia Toscano, Weymouth.

$100 - Stephen Affanato, Milton; John Anacleto, Quincy; Sharon Bearce, Scituate; Linda Bodenmann, Marshfield; Scott Bosworth, Hingham; Michael Brady, Milton; Michael Brewster, Quincy; Nancy Buckley, Quincy; Kevin Burke, Hanover; Kevin Burke, Quincy; Erin Casey, Braintree; Jean Casey, Braintree; William Cass, Hanover; Stanley Chin, Quincy; Donald Clancy, Quincy; Thomas Colarusso, Quincy; Joseph Connolly, Weymouth; Julie Cox, Quincy; Mary Dawson, Quincy; Aliisa Di Martinis, Milton; Luke Dillon, Hanover; Brian Donahue, Hanover; Joanne Dondero, Quincy; Ernest Falbo, Quincy; Martin Fisher, Milton; Charles Fitzgibbons, Norwell; Nina Flaherty, Weymouth; Edward Flynn, Abington; John Franceschini, Quincy; Stephen James Galvin, Holbrook; Richard Goggin, Canton; Walter Hannon, Quincy; Dennis E. Harrington, Quincy; Chistopher Harvey, Braintree; William Higgins, Quincy; Philip Huang, Kingston; Ralph Jacobs, Quincy; James Kennedy, Norwell; Michael Kiley, Quincy; Vincent Lombardo, Milton; Jeffrey Lynch, Hingham; Edith Mariano, Braintree; Ettore Marinilli, Quincy; Anne McCarthy, Quincy; Ricky Moy, Milton; James Mullen, Milton; Gerald Thomas Murphy, Quincy; G. Celia Murray, Hingham; Thomas Pecoraro, Quincy; Kenneth Pica, Quincy; Gerald Pudolsky, Canton; Quincy Firefighters Association Local 792, Quincy; Stephen Roche, Quincy; Edward Ryan, Hanover; Joseph St. Onge, Hanover; Harry Tobman, Quincy; Michael Verrochi, Norwell; Bruce Winans, Duxbury; Committee to elect Joseph Connolly, Weymouth.

$75 - Suzanne Cosgrove, Rockland.

$50 - Terry Fancher, Braintree.

$25 - Lois Lindenfelzer, Quincy.

O’Keefe, a Green-Rainbow Party candidate from Somerville, loaned his campaign $4,750.

Contributions to O’Keefe from Jan. 1 to Oct. 9:

$250 - Melanie Campbell, Somerville.

$200 - Luc Schuster, Cambridge.

$150 - David England, Brookline.

$100 - David Dionne, Westport.

Tom Benner may be reached at tbenner@ledger.com.