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Continuing to improve the state's overall fiscal health, including further upgrades to the state's credit rating, while making critical investment&nbsp;in our future including the development of housing which will be a key to affordability and economic growth in the state.

Building on the reforms and strong performance of the pension fund to further ensure the retirement&nbsp;security of pensioners and provide them the future they deserve.

Strengthening our ability to fight back again the federal administration's relentless attacks on core programs upon which working families depend.

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“My job isn’t just managing your money, it’s making sure your voice is represented in how that money is invested. That means standing up to powerful corporations and holding them accountable when reckless or unethical behavior puts Connecticut’s investments and taxpayers at risk.”

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Erick Russell for State Treasurer 26&nbsp;collects only data provided by users to its form: name, email, and mobile phone number, to stay in touch with voters. Voters may opt out by replying to a text with the word “Stop” or by emailing&nbsp;CAMPAIGN EMAIL ADDRESS. Data is shared only with third parties who need to use this information to carry out work directly on our behalf for the purposes of supporting the campaign, and is protected by industry standard security measures. Data is retained through the next November election, and conforms with applicable privacy legislation in Connecticut and the United States. Text messaging originator opt-in data and consent will not be shared with any third parties unless required by law. You agree to receive informational messages (event reminders, campaign notifications, etc.) from&nbsp;Erick Russell for State Treasurer 26. Message frequency varies. Message and data rates may apply. For help, reply HELP or email us at&nbsp;CAMPAIGN EMAIL ADDRESS. You can opt out at any time by replying STOP.

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Erick lives in New Haven with his husband, Christopher, and their dog, Eleanor.

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<h2>As State Treasurer, Erick Russell is building the future Connecticut deserves — a future where opportunity belongs to everyone.</h2><img src="https://run.imgix.net/194f1f9b-bbef-42aa-b768-979d265acb7a/e1a2b200-08ea-4f6c-9dd2-fa7ff9dd78d1/e1a2b200-08ea-4f6c-9dd2-fa7ff9dd78d1.jpg?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=1882%2C0%2C4474%2C4480&amp;w=1500" alt="" caption="" align="right" alignwidth="45" variant="framed"><h4>Born and raised in New Haven, Erick grew up in a community where people relied on one another to get by. Working in his family’s small store, he saw firsthand how hard families worked, how financial instability affected every part of a person’s life, and how invisible people can feel when their government fails to show up for them.</h4>Those experiences shaped a lifelong commitment to make government reflect the values of strong communities by expanding opportunity, welcoming new voices into the process, and working for everyone, including those who are often overlooked.Since being elected Treasurer, Erick has put his values into action and delivered results that will improve life in Connecticut for generations. He has reformed the state’s pension funds, achieving the strongest investment performance in years while reducing the crushing debt inherited by taxpayers. By stabilizing the state’s finances, Erick helped end an era of fiscal uncertainty so Connecticut can stop paying for past mistakes and begin investing in its people.One of Erick’s most consequential achievements is launching CT Baby Bonds, a first-in-the-nation program that invests directly in the future of Connecticut’s children. In every community across the state, families can now imagine something better for the next generation. By investing on their behalf at birth, tens of thousands of children will grow up with access to opportunities their parents never had: the financial resources to buy a home, start a business, pursue college or vocational training, or build toward a dignified retirement. Children in every town and city are part of this program, and all of Connecticut will benefit as they reach their potential and build their futures in the communities where they already live.<img src="https://run.imgix.net/194f1f9b-bbef-42aa-b768-979d265acb7a/183cbfdd-7e8d-4bf1-a101-fb8eeeff11e1/183cbfdd-7e8d-4bf1-a101-fb8eeeff11e1.jpg?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=1180%2C0%2C4703%2C4480&amp;w=1500" alt="" caption="" align="left" alignwidth="40" variant="framed">As Connecticut’s representative in the financial markets, Erick has stood up to powerful corporations that mistreat workers, mislead investors, or violate the public trust. He has partnered with counterparts across the country to fight child labor, support union workers in the service and hospitality industries, oppose Elon Musk’s trillion-dollar compensation package, and end Connecticut’s investments in private prisons.Under his leadership, the Treasurer’s Office has reunited residents with millions of dollars in unclaimed property, helped families save for college, expanded access to financial literacy, and leveraged private donations to protect access to reproductive and gender-affirming care. Erick has also cost-effectively financed the construction of roads, bridges, schools, clean energy projects, and other critical infrastructure in every corner of the state.All of Erick’s work as Treasurer is guided by a simple vision for Connecticut’s future. Opportunity should be universal, and every resident should have the resources and knowledge they need to build the life they want for themselves.In 2022, Erick became the first Black out LGBTQ person elected to statewide office in American history. He carries that responsibility with a commitment to hold the door open for those who follow, mentoring young people — especially those who don’t yet see government and public service as paths available to them.

Strengthening Connecticut’s finances to protect retirement security, reduce long-term costs for taxpayers, and build a foundation for the future.

Strengthening Connecticut’s Finances

<h2>Expanding Economic Opportunity</h2><img src="https://run.imgix.net/194f1f9b-bbef-42aa-b768-979d265acb7a/de7bb219-f7e8-4be2-8f1d-756c4cfcfeb8/de7bb219-f7e8-4be2-8f1d-756c4cfcfeb8.jpg?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=0%2C152%2C4293%2C2882&amp;w=1500" alt="" caption="" align="right" alignwidth="50" variant="framed"><h3>Using the tools of the Treasurer’s Office to help Connecticut families build wealth, plan for the future, and access opportunity.</h3><ul><li>Launched CT Baby Bonds program, a first-in-the-nation program that invests directly in the next generation of Connecticut residents. Over 32,000 children already have investments made on their behalf, with projections of 15,000-16,000 additional children each year, to help them build their own future in Connecticut — buying a home, starting a business, paying for education, or saving for retirement</li><li>Supported families saving for college through CHET, with over $5.7 billion in assets across more than 200,000 accounts</li><li>Modernized the unclaimed property system to return money faster — including automatic payments — returning over $275 million to 175,000 residents</li><li>Established a privately funded Safe Harbor Fund to help women and LGBTQ+ individuals travel to CT for healthcare denied in their home states</li><li>Expanded financial literacy efforts to help residents better understand saving, investing, and financial planning</li></ul>

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“My office manages billions of dollars on behalf of the people of Connecticut, a responsibility I take very seriously. That responsibility demands disciplined management: investing wisely, strengthening our credit, and reducing long-term debt to protect taxpayers today and build a stronger financial future for Connecticut."

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<h2>Holding Powerful Interests Accountable</h2><img src="https://run.imgix.net/194f1f9b-bbef-42aa-b768-979d265acb7a/4a8af4da-05e8-4d81-8489-12621d3c64ef/4a8af4da-05e8-4d81-8489-12621d3c64ef.jpg?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=837%2C287%2C4749%2C3195&amp;w=1500" alt="" caption="" align="right" alignwidth="50" variant="framed"><h3>Using his voice to stand up to corporate abuse, protect workers, and safeguard the retirement security of Connecticut workers.</h3><ul><li>Opposed Elon Musk's $1 trillion compensation package at Tesla, protecting long-term shareholder value and pushing back on excessive corporate pay</li><li>Took action against child labor violations, pressing major corporations like McDonald’s to address illegal labor practices and strengthen accountability</li><li>Divested from private prisons and detention centers</li><li>Stood with hotel and service workers organizing for fair pay and conditions, including workers facing interference from large corporate ownership</li><li>Worked with other state pension leaders to push corporations to respect workers’ rights and improve how they do business</li><li>Recognized the risks that climate exposure, poor corporate leadership, and labor instability pose to the retirement security of Connecticut workers and retirees — and acted to protect the pensions they depend on </li></ul>

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Growing up in New Haven, Erick learned that strong communities lift people up. As Treasurer, he’s managed state finances to prepare Connecticut for the future it deserves — one where people have the knowledge and resources to shape the life they want for themselves. He has transformed the state’s pension funds into a national leader, reduced long-term debt that held Connecticut back, and made direct investments in people, including tens of thousands of children in every town and city across the state. The future belongs to all of us.

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<h2>Strengthening Connecticut’s Finances</h2><img src="https://run.imgix.net/194f1f9b-bbef-42aa-b768-979d265acb7a/9a72a152-1160-4de9-a8ed-0a14cc09c8a2/9a72a152-1160-4de9-a8ed-0a14cc09c8a2.jpg?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=42%2C347%2C5468%2C3888&amp;w=1500" alt="" caption="" align="right" alignwidth="50" variant="framed"><h3>Strengthening Connecticut’s finances to protect retirement security, reduce long-term costs for taxpayers, and build a foundation for the future.</h3><ul><li>Financed billions in transportation, school construction, and infrastructure — while saving taxpayers over $200 million by eliminating long-term debt</li><li>Championed legislation to eliminate transportation debt, saving taxpayers $1.04 billion</li><li>Helped Connecticut earn historic upgrades to its credit ratings - including&nbsp; Kroll upgrading from AA to AA+, Moody’s upgrading Connecticut from Aa3 to AA2 and Fitch upgrading the state from AA- to AA - making it less expensive to finance future projects</li><li>Helped local cities and towns manage investments more effectively to reduce costs and ease pressure on property taxes for families</li><li>Reformed the state’s investment process and strategy, delivering 12.4% three-year annualized returns across pension funds - growing pension assets by more than $25 billion</li><li>Improved pension funded ratios: •&nbsp;State employees: 48.5% → 59.6% •&nbsp;Teachers: 57.0% → 63.7%</li></ul>

<h4>"We’ve made real progress, but we have far more work to do to create the Connecticut we all want. </h4>I am looking forward to advancing an agenda of fiscal discipline, continuing increased investment in education and infrastructure, creating more financial security for our retirees and those that participate in programs run through the Treasurer’s Office, and doing my part to build a fairer economy that gives Connecticut residents the opportunity they deserve."–&nbsp;Erick Russell

“Growing up in New Haven, I saw how much opportunity depends on whether families have the support they need to get ahead. That’s why I’ve worked to ensure this office doesn’t just manage money well, but puts the full strength of the office to work for Connecticut families so every resident has the knowledge, resources, and opportunity to build the future they want for themselves.”

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New Haven, CT — Connecticut State Treasurer Erick Russell today announced his campaign for re-election, saying the work of strengthening the state’s financial foundation should now translate into broader opportunity for residents across Connecticut.“When I first ran for Treasurer, I believed this office could be both disciplined and forward-looking,” Russell said. “Over the last several years, we haven’t just changed how the office works — we’ve changed who it works for. We’re ushering in a new era of fiscal responsibility, making significant payments on long-term debt that has allowed us to invest in the residents of Connecticut and begin to lift up communities across our state. And while we maximize our return on investments, we are leveraging our office to hold corporations accountable to ensure that Connecticut values drive our future.&nbsp;Now is the time to shape what we want for our state: a Connecticut where every resident has the resources, knowledge, and opportunity they need to create the future they want for themselves.&nbsp;I am running for re-election because I want to keep fighting for the people I grew up with and meet each day. I am focused on fellow Connecticut residents that are too often struggling to get by or find the opportunities they deserve - those that are teaching our children, protecting and serving our communities, and helping build a stronger and more inclusive economy.”Since taking office, Russell has modernized the Treasurer’s Office by bringing additional expertise into the investment process, building a nationally respected team, and refining strategy to produce strong performance, pay down debt, and mitigate long-term risk. During his first term, the state pension funds generated double-digit returns, averaging 12.35%, increasing total assets by more than $20 billion and strengthening the funds that support retired teachers and state workers.The efforts undertaken over the last three years resulted in historic upgrades in the state’s bond ratings with Kroll upgrading from AA to AA+, Moody’s upgrading Connecticut from Aa3 to AA2 and Fitch upgrading the state from AA- to AA. These ratings upgrades lead to a greater demand for our bonds which enables short and long-term savings for taxpayers, allowing additional resources to be invested in the services and programs that are most important to the people of Connecticut.He has brought the same professionalism and creativity to funding the roads, schools, and critical infrastructure Connecticut needs, helping earn improvements to the state’s credit rating and writing reforms to pay down transportation debt responsibly, saving money for taxpayers. Russell has paired innovative public financing with unwavering financial discipline so that today’s progress doesn’t become tomorrow’s burden.While strengthening how the agency operates, Russell has ensured the benefits of that work reach as many people as possible.CT Baby Bonds is one of the greatest tools enacted across the country that is poised to close the wealth gap, particularly for marginalized communities. It officially welcomed its first participants on July 1, 2023, after Russell secured funding to invest directly in the futures of Connecticut children. The program invests $3,200 on behalf of each baby whose birth is covered by HUSKY — which already includes children in every city and town — to help close the wealth gap, expand long-term opportunity, and spur investment in local communities.Russell has played an active role in corporate governance on behalf of pensioners and taxpayers, taking on child labor practices, standing with workers in high-profile labor disputes, opposing excessive executive compensation — including Elon Musk’s trillion-dollar pay package — and ensuring that no state pension dollars are invested in private prisons or detention centers.Other efforts undertaken by Russell’s office include:<ul><li>Strengthening financial security for families through the CHET (college savings) and ABLE (disability savings) programs.</li><li>Managing investments in the new Early Childhood Education Endowment to support affordable, high-quality child care.</li><li>Giving towns and cities access to the resources of the Treasurer’s Office to help manage and invest public dollars more effectively and reduce costs for local taxpayers.</li><li>Reforming the unclaimed property program to return more money to rightful owners.</li><li>Fulfilling a key campaign promise by establishing the privately funded Safe Harbor Fund, ensuring women and LGBTQ+ people can travel to Connecticut if their home states restrict reproductive freedom and bodily autonomy without fear of prosecution.</li></ul>Russell said his path — and the community that supported him — shaped his belief that everyone deserves opportunity and the chance to shape the life they want for themselves and their family.“I grew up in a community where people looked out for one another and understood that we’re all in it together,” Russell said. “That’s still what guides everything I do. Mine was not the most likely path to statewide office. It happened because of the support of those around me and opportunities that aren’t typical where I come from.&nbsp;We’ve made real progress, but we have far more work to do to create the Connecticut we all want. I am looking forward to advancing an agenda of fiscal discipline, continuing increased investment in education and infrastructure, creating more financial security for our retirees and those that participate in programs run through the Treasurer’s Office, and doing my part to build a fairer economy that gives Connecticut residents the opportunity they deserve.”

New Haven, CT — Connecticut State Treasurer Erick Russell today announced his campaign for re-election, saying the work of strengthening the state’s financial foundation should now translate into broader opportunity for residents across Connecticut.

Treasurer Erick Russell Announces Re-Election Campaign

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State Treasurer Erick Russell is building Connecticut’s financial future so you can build yours. Growing up in New Haven, Erick learned that strong communities lift people up. As Treasurer, he’s managed state finances to prepare Connecticut for the future it deserves — one where people have the knowledge and resources to shape the life they want for themselves.