EagleTribune.com, North Andover, MA

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January 29, 2014

Finegold to announce run for treasurer

With $434K in his coffers, he will stress his middle-class roots

ANDOVER — State Sen. Barry Finegold today will return to his humble boyhood roots to announce he is running for state treasurer.

The Andover Democrat plans to make the announcement at the Georgetown Housing Complex Community Center in the Hyde Park section of Boston where he and his parents lived before moving to Haverhill when he was a boy.

Finegold, 42, said he chose his childhood home as a backdrop to emphasize his middle-class roots and his experience working on fiscal issues as a member of the Legislature.

In an interview with The Eagle-Tribune yesterday, he stressed the accomplishments he made with little money, starting as a paperboy — for another paper —and working multiple jobs through college and law school before starting his own firm.

“I scraped every nickel and dime to start my business,” Finegold said. “I believe these qualities will make me a strong advocate for taxpayers.”

If elected, Finegold said he would take over an office which manages the state’s woefully underfunded pension system and operates a state Lottery system that he said is expected to take a financial hit as major casinos open and drain gambling dollars from the state’s games.

An opponent of casino authorization bills in both the state House and Senate, Finegold said he accepts casinos will be licensed to operate in Massachusetts, but hoped the state could expand programs to treat gambling addiction. Currently, the state spends about $1 million to treat gambling addiction, he said.

But with eventually three casinos in Massachusetts, along with other casinos in Connecticut, Rhode Island and potentially New Hampshire, he said he is concerned the gambling market is getting saturated.

“Where are all these dollars coming from?” he said.

He said he would oppose allowing Lottery tickets to be purchased with credit cards, and opening the state Keno game online to make it easier for people to play anywhere.

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