“I’m focused on the major challenges facing Vermont: housing, climate resilience, and economic opportunity. I’m seeking another term to continue my work on these issues,” Pieciak wrote in an email response to questions.
Pieciak’s campaign said it had already received more than $150,000 in donations.
Pieciak’s fundraising strength was a highlight of his first election to the office in 2022. Despite facing no primary opposition, he racked up donations from Vermont political heavy-hitters , such as former Govs. Howard Dean and Peter Shumlin, on his way to easily defeating perennial Republican candidate H. Brooke Paige.
Pieciak previously served in the Vermont Department of Financial Regulation starting in 2014. As deputy commissioner, he faced scrutiny about his role regulating the Northeast Kingdom EB-5 projects that became the largest fraud in the state’s history.
Pieciak defended his actions, as did Shumlin, whose administration had brought Pieciak on board. Pieciak was made commissioner of the Department of Financial Regulation in 2016, and Gov. Phil Scott kept him in the role when his administration took over in 2017.
When he was elected as state treasurer in 2022, Pieciak became the first openly LGBTQ+ person to lead the office, which oversees the state’s investments, manages its debt and cash flow, issues bonds and administers three public pension systems.
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