State Treasurer Jim McIntire announced Wednesday that he will not seek a third term next year.
McIntire, who was first elected treasurer in 2008, said in a news release that sitting out the 2016 election will allow him, among other things, to “press hard for comprehensive education finance reforms.”
The second-term treasurer had previously proposed an income tax and other tax changes to help resolve the state’s education funding crisis. The state is in contempt of court over the Legislature’s failure to deliver a plan to fully fund public education, as ordered by the state Supreme Court in the McCleary case.
McIntire’s tax proposals failed to gain much support in the Legislature earlier this year.
McIntire, a Democrat, said that during his tenure as treasurer the state has been able “to accomplish very good things for the people of the state,” despite the challenges of the economic recession.
“We’ve come through a very rough economic and fiscal time in good shape,” McIntire said in Wednesday’s news release. He highlighted maintaining the state’s high credit rating during the recession as one of his top accomplishments in office.
McIntire, 62, previously served 10 years in the state House of Representatives.
McIntire isn’t the only statewide office holder who isn’t seeking re-election next year. Neither is Randy Dorn, the state superintendent of public instruction.
Additionally, Lt. Gov. Brad Owen might not seek another term; he still hadn’t decided as of Wednesday, his office said.
State Auditor Troy Kelley, who has been indicted on charges of money laundering and tax evasion, may also sit out the November election. The first-term auditor recently said that while he hasn’t ruled out running for a second term, recent public scrutiny has been so hard on his family that he “cannot imagine running again for anything.”