Open race could yield first Republican treasurer since 1956

SEATTLE (AP) — Washington's treasurer James McIntire won't try for re-election this fall after two terms in Olympia, sparking what could be a competitive race for the financial office won by Democrats in every election after 1952.

Five candidates are running to be treasurer, including Republican banker Michael Waite, Democratic state Sen. Marko Liias and former Port of Seattle Commissioner Alec Fisken, a Democrat.

The state treasurer keeps watch over state money as it moves in and out of accounts, along with a number of other complex duties as Washington's chief financial officer.

The treasurer's office also oversees bond sales for financing public projects like last year's $16.1 billion transportation package.

Liias said he has the strongest relationships in the Legislature, many lawmaker endorsements and the most experience working on complex state finances compared to other candidates.

Waite, who lives in Seattle, has the backing of many prominent Republicans in Washington including endorsements from former state Attorney General Rob McKenna, and the state Senate's lead budget writer Andy Hill.