Raimondo Raises $300,000 in First Quarter

Venture capitalist Gina Raimondo, candidate for treasurer, is reporting that she raised $300,000 in the first quarter. That's more, by far, than any of the gubernatorial candidates. Raimondo, who now has $535,000 on hand, is shaping up as a formidable challenger to Tom Sgouros, a progressive favorite with a long history of activism in the state.

Indeed, the treasurer's race is shaping up as one of the more interesting in a super-charged political season in Rhode Island. Sgouros, who has written cogently for years about public policy in the state, would bring a creative mind to the post. And Raimondo, a Rhodes Scholar backed by Emily's List - which helps raise money for pro-choice woman Democrats - has won plaudits even from the progressive activists backing long-time ally Sgouros.

Since the office can serve as a launching pad to the governor's office or Washington, the election has important long-term implications for state politics.

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