Three Candidates Vie for Vermont Treasurer Ahead of November 3 Election
Voters will decide the state’s next treasurer as three distinct candidates vie for the office of state treasurer. The contest pits Democratic incumbent Mike Pieciak against Republican challenger Lynn LaFleur and progressive contender Zachary Hampl. The elected official manages taxpayer funds with the dual mandate of maximizing investment returns while protecting core municipal objectives.
Incumbent Defends Housing and Healthcare Initiatives
Democratic incumbent Mike Pieciak, elected in 2023, points to his administration’s active deployment of state funds into local communities as the cornerstone of his reelection bid. The Brattleboro native previously served as a practicing attorney and led the Department of Financial Regulation under two different administrations.
“We’ve brought more money back into the state and invested it in local communities through our Invest in Vermont program to build critical, critical housing that we all need,” he said.
If reelected, Pieciak plans to maintain his focus on reining in healthcare costs and expanding housing stock through state-backed capital deployment.
Challengers Press for Spending Cuts and Banking Reform
Lynn LaFleur, a Stowe resident and LLC owner providing accounting services to Vermont businesses, approaches the office from a fiscal conservative standpoint. LaFleur grew up on Cape Cod, and her family had a house in Stowe since the 1970s before she moved to Vermont full-time. She earned bachelor’s and master’s degrees from Northeastern University, served as a dorm treasurer in her youth, and has held treasurer roles for the Stowe Republican Committee and the Vermont GOP, according to the Waterbury Roundabout.
“My number-one goal is to save people money, find ways to cut expenses, and, if possible, increase revenues. And I have a good history of doing that. I think I could do that for the state,” LaFleur said. Vermont GOP.She
LaFleur contends that Pieciak’s programs increase administrative overhead and add to the public tax burden. Furthermore, she advocates moving Vermont away from traditional pensions and toward defined contribution plans, arguing that the state’s accounting practices require significant tightening.
On the other side of the political spectrum, Zachary Hampl enters the race as a progressive challenger. Although not formally selected by the party, the Rutland native and business account manager appears on the ballot with a proposal to centralize banking functions within the state. Hampl advocates for establishing a state bank designed to retain capital gains within Vermont borders and offer loans at lower rates than commercial institutions.
“With a collaborative banking system, it begins with what is known as a state bank and that state bank — that’s ultimately what retains the capital gains within the state borders,” Hampl said.
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