State Sen. Barry Finegold, D-Andover, is expected to officially announce tomorrow his candidacy for state treasurer.
The Andover Democrat who spent 14 years in the House before joining the Senate in 2011 has been positioning himself for months to campaign for the seat currently held by Treasurer Steven Grossman – who is running in the Democratic primary for governor.
Finegold has scheduled a gathering of family, friends and supporters tomorrow at 3 p.m. at the Georgetown Housing Complex Community Center in Hyde Park, the area of Boston where he was born, to make his intentions official.
He plans to enter the Democratic primary race, which already includes two candidates: former 2006 candidate for lieutenant governor Deb Goldberg and state Rep. Tom Conroy.
Republican businessman Mike Heffernan also announced his candidacy on Monday.
Even before Finegold was ready to announce his decision, Andover Selectman Alex Vispoli, a Republican, had stepped forward to campaign for his 2nd Essex and Middlesex District Senate seat. Lawrence School Committee member Pavel Payano, a Democrat, is also considering a run.
According to the State House News Service, Finegold has spent much of the past year fundraising and building the infrastructure to mount a statewide campaign.
To close 2013, the Merrimack Valley senator reported $434,813 in his campaign account, significantly more than any of his competitors. Finegold also pursued legislation that would give him something to run on in a race for treasurer, while also recently taking the lead on a bill to require juveniles convicted of first degree murder to serve at least 35 years before becoming eligible for parole.
In November, the Senate unanimously passed Finegold’s bill (S 1137) that would allow taxpayers to voluntarily contribute part or all of their annual tax refund to a financial literacy trust fund that would help pay for programs to educate underserved populations on how best to save and financially plan for their futures.