Kopp gets nod from panel for another term
General Assembly to vote Thursday
ANNAPOLIS A joint legislative committee has recommended Treasurer Nancy K. Kopp for another four-year term.
Kopp, who has held the position since 2002, received seven of nine votes from the Special Joint Committee to Select the State Treasurer, which is made up of six Democrats and four Republicans. Democratic Sen. Verna Jones-Rodwell (D-Dist. 44) of Baltimore was absent. The other two votes, which were submitted by secret ballot, went to William H. Campbell, a Republican who waged an unsuccessful bid for state comptroller last fall.
Two candidates who submitted resumes, Miguel S. Gates and Steven Charles Sebree, both of Towson, failed to appear at Wednesday's meeting and were eliminated from consideration.
The full General Assembly will vote Thursday. Kopp is expected to win by a wide margin.
Kopp (D), a former state delegate from Montgomery County, pointed to her office's strong fiscal stewardship as the chief reason why she deserves another four years. Maryland officials learned earlier Wednesday that it has retained its AAA bond rating from three major Wall Street agencies.
Campbell, a former chief financial officer for Amtrak, the U.S. Department of Veterans Affairs and the U.S. Coast Guard, told the panel that while he respected Kopp, he believes he could do a more effective job in managing the state's finances.
"I think we're at a point right now where things that might have worked in the past no longer work," he said.
He also said it is important for lawmakers to have a choice in who serves as state treasurer. "Every office should be filled by a contest, not a coronation."
Kopp and Campbell both agreed that the state should move away from the "corridor method" of funding pension obligations, which allows the state to put less toward employee retirement than they are required each year.