Correctional Officers Union Endorses Frank Caprio for Treasurer
The Rhode Island Brotherhood of Correctional Officers (RIBCO) today announced their endorsement of Frank Caprio for Treasurer of Rhode Island.
“The hard-working men and women in our union are excited to support Frank in his comeback bid for the Treasurer’s office,” said RIBCO President Richard Ferruccio. “Frank will be a strong voice for middle class families who want a Treasurer who saves taxpayer dollars and works everyday to grow the economy and create jobs.”
RIBCO represents approximately 1,300 members, comprising rank and file officers, stewards, inmate industries’ supervisors, office personnel, and medical and social work professionals.
“I am grateful to have earned the support of 1,200 public safety professionals,” said Frank Caprio. “I can’t wait to get back to work in the Treasurer’s office and deliver top-notch customer service, an open and transparent government office and to maximize our returns for our pension fund while limiting the fees we pay. We need to focus on investing in small businesses and working families here in Rhode Island and as the state’s Treasurer, I will do just that.”
As Treasurer, Frank Caprio ran one of most efficient and transparent offices in the state. He reduced spending in the office, saved the pension fund approximately $1 billion by getting the state out of toxic investments in the subprime mortgage market and cut the amount the taxpayers paid in investments fees to Wall Street money managers. Despite a bad economy, under his leadership the state’s pension fund performed well, including outperforming the State of California’s pension funds and the Harvard Endowment.
Caprio continues to pick up momentum in the race for Treasurer. Frank Caprio has won the endorsements of the RI State Association of Fire Fighters, North Providence Mayor Charles Lombardi, Johnston Mayor Joseph Polisena, Central Falls Mayor James Diossa, State Representative Grace Diaz and the Johnston Democratic Town Committee.