Four years ago, I did not support Jim McIntire for state treasurer. At the time, I did not believe that his academic and legislative credentials would translate into the kind of money-management skills this state needed. I’ve never been more wrong.
I’m writing to admit my mistake, and to let others know that McIntire has done more for them as taxpayers over the past four years than they may know. A penny saved is a penny earned, and McIntire has earned taxpayers $1.3 billion by skillfully refinancing the state’s debt.
His excellent work has helped maintained our state’s exemplary credit rating through some of the toughest economic times we’ve ever seen. And he worked with community banks and federal regulators to keep our system of insuring public deposits viable during a period when we saw a record number of bank closures in our state.
McIntire proved to be the right man for the job. This time around, it’s an easy decision. I’ll proudly vote to retain McIntire as state treasurer.
(Tower is president and executive director of Community Bankers of Washington.)