Dita Bhargava quits Governor race, to run for State Treasurer in Connecticut

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Dita Bhargava (Courtesy: DitaforCT)

NEW YORK – Indian American Dita Bhargava, who announced in October that she would run for governor in the state of Connecticut, has now decided to run for State Treasurer instead, according to an official statement.

“This fall and winter, as I explored running for statewide office, I visited more than 60 towns across Connecticut to learn about the challenges facing our state. I heard the concerns you voiced over rising living costs and college tuition, escalating taxes, increasing budget deficits, our exodus of young workers, and the future of our pension system, among many other issues,” Bhargava said in the statement.

“Hearing these stories has emboldened my commitment to public service and helped strengthen the fiscal and economic foundations of our state. It’s also led me to reconsider how I can best harness my strengths, knowledge, and experiences in ways that best serve our citizens,” she added.

Bhargava said that the state will need to be steered in a new direction as Denise Nappier completes her 20-year tenure as state Treasurer.

“During her tenure, Denise has expanded the discussion on corporate governance to include an awareness of businesses’ social and environmental impact.  She has been a tireless advocate for better financial literacy in our state, where we lag behind our peers. The next Treasurer should have an appreciation for these issues, as well as a comprehensive knowledge of finance, investing, and the economy,” Bhargava stated, adding that her upbringing, professional experience in the financial sector and her progressive vision “are what Connecticut needs in our next Treasurer.”

Bhargava also mentioned in the statement that she wants to find solutions for the middle- and working-class families of Connecticut and she believes she can do so since she has that financial experience on Wall Street as well as in the nonprofit area where she “spent many years helping underserved communities and advocating for family-friendly policies such as paid family leave and equal pay for equal work.”

“I’m fully prepared to steer Connecticut’s financial future in these challenging times. We’re already in a prolonged budgetary crisis, and Donald Trump’s federal tax plan—and the large deficits it will incur—may threaten Connecticut’s fiscal stability and its pension portfolio, already hard-pressed to match liabilities. The people of our state – retirees, workers, students, and the most vulnerable—need and deserve protection. I feel confident that with my experience, vision, and dedication, I’m the candidate most qualified and best equipped to lead our state back to fiscal and economic stability,” Bhargava stated.

According to her website, Bhargava attended McMaster University in Canada and upon graduation, decided to pursue a financial career.

In 2015, Bhargava switched careers to focus on more civic initiatives and ended up co-founding the Parity Partnership of Connecticut.

She also serves as a board member of the Urban League of Southern Connecticut and is a founding board member of the India Cultural Center of Greenwich.

Bhargava is an active volunteer and supporter of the Clinton Foundation, Robin Hood Foundation and Inspirica Women’s Shelter and in January of 2017, she was unanimously elected Vice Chair of the Connecticut State Democratic Party, according to her website.