State Rep. Harry Arora Announces Run For State Treasurer

GREENWICH, CT — After he registered as a Republican candidate for Connecticut State Treasurer on Monday, State Rep. Harry Arora, R-151, has formally announced his candidacy.

"This is a pivotal moment in our state. I have spoken with residents throughout Connecticut, and it’s time for a change. Inflation is up and our retirees’ pensions have not kept pace. CT continues to be one of the worst funded pension systems in the country. The due diligence of our bond issuances, especially for our capital programs, has been lacking. Our citizens are dismayed that the Federal government is investigating mismanagement of school construction programs across the state," Arora said in his announcement.

"If elected, I will ensure that our debt is used prudently, and a high level of due diligence is performed before one single penny is spent from the Treasury. I will focus on asset allocation and returns on our pension investments. I will put an end to excessive fees being paid by the state for subpar returns."

The Treasurer is responsible for oversight of the $45 billion of state pension assets and for the financial management of the nearly $26 billion tax-supported debt. Arora believes he has the experience to take on the job.

Arora has spent 25 years in the private sector managing investments before pivoting to public service. According to his LinkedIn profile, Arora served as Vice President at Enron from 1995 to 2002. Most recently, he founded the hedge fund, Alphastrat, which is based in Greenwich.

Arora currently serves as a State Representative for the General Assembly's 151st District, which includes parts of Cos Cob, Riverside, Old Greenwich and North Mianus. Arora was re-elected to serve his first full two-year term in November 2020 after winning a special election in 2019 to fill the seat previously held by now-Greenwich First Selectman Fred Camillo.

In 2018, Arora ran unsuccessfully against incumbent Democratic congressman Jim Himes for the 4th District.

Current State Treasurer and Democrat Shawn T. Wooden has not announced yet if he will run for re-election.