Frank Caprio for Treasurer
Patti Doyle serves as the spokesperson and press strategist for Frank Caprio, Democratic candidate for the office of General Treasurer.
In 2006, Caprio’s campaign for Rhode Island General Treasurer made history as the first in the state to announce candidacy through a multi media broadcast. By utilizing television, on-demand cable, web, and radio he enabled Rhode Islanders to access his campaign message as easily and comfortably as possible, a communications plan that proved rewarding when he won the race on November 7, 2006 with 73% of the vote, the largest margin of any contested candidate on the Rhode Island ballot in 2006.
During his term, Caprio maintained Rhode Island’s effective pension plan despite economic turmoil. Months before the subprime mortgage crisis took a toll on banks, he minimized the state’s exposure to asset backed securities. While investment losses ravaged other states, Rhode Island’s state pension substantially outperformed its peers. Under his management, the pension plan sustained its five year average on investment returns. Furthermore, in a study done by Maryland Public Policy Institute, Rhode Island’s pension plan, under Frank Caprio, footed some of the lowest bills to outside money managers in the nation.
The success of Caprio’s previous term, as well as his 20 year political track record, highlights his ability to protect Rhode Island’s financial assets. In 2014, Caprio plans to build upon his previous progress, running on the principles of transparency and on-demand customer service with the primary focus of increasing and improving jobs for Rhode Islanders, arguably state’s biggest challenge.