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Tobias Read
29th Treasurer of Oregon
Assumed office
January 3, 2017
Governor Kate Brown
Tina Kotek
Preceded by Ted Wheeler
Member of the Oregon House of Representatives
from the 27th district
In office
January 8, 2007 – January 3, 2017
Preceded by Mark Hass
Succeeded by Sheri Malstrom
Personal details
Born (1975-07-01) July 1, 1975 (age 48)
Missoula, Montana, U.S.
Political party Democratic
SpouseHeidi Eggert
Children2
Education Willamette University ( BA)
University of Washington ( MBA)
Signature

Tobias Read (born July 1, 1975) is an American politician who is the current Oregon State Treasurer. He was a member of the Oregon House of Representatives, representing District 27 from 2007–2017, which comprises parts of Beaverton, southwest Portland, and unincorporated Multnomah and Washington Counties. He served as Speaker Pro Tempore and was formerly the Democratic Majority Whip.

In 2016, Read ran for Oregon State Treasurer, to succeed State Treasurer Ted Wheeler, who was barred from running in 2016 by term limits. Read won the general election against Republican Jeff Gudman on November 8, 2016 [1] and became the state treasurer in January 2017. He was reelected in 2020 by a wider margin. He was a candidate for governor of Oregon in the 2022 election, losing to Tina Kotek in the Democratic primary. [2]

Early life and education

Read was born in 1975 in Missoula, Montana. After attending high school in Idaho, he moved to Oregon where he graduated from Willamette University in 1997 with a bachelor's degree in politics and economics. [3] In 2003, he earned an MBA from the University of Washington in Seattle. [3] He and his wife, Heidi Eggert, have two children, Annika, and Ellis. [4]

Career

In 1997, he started working for Nike, Inc. in footwear development, where he remained until 2012. [3] He also worked for the United States Department of the Treasury as an aide to then-Secretary Lawrence Summers from 1999 to 2001. His immediate supervisor was Sheryl Sandberg. [5]

Read served in the Oregon State Legislature from 2007 to 2016 as the Representative from the 27th District. As a legislator, Read was a strong advocate for fully funding Oregon's full-day kindergarten; [6] supported state investments in green tech jobs and research through Oregon Inc and other initiatives; [7] [8] worked to stabilize state funding and enhance the state's Rainy Day funds; [9] and sponsored legislation to redirect unclaimed funds from class action lawsuits to legal assistance for low income Oregonians; [10] [11] rather than back to the original corporate wrongdoers. Throughout his legislative career, he sought to expand savings in Oregon's college savings program, and sponsored legislation to create additional options for retirement savings for Oregonians.

During his time in the Oregon House, Read served as House Majority Whip, and in 2015 he was elected Speaker Pro Tempore. He served as chair of the House Committee on Transportation and Economic Development and the House Committee on Higher Education, Innovation, and Workforce Development. He also served on the House Revenue Committee and the Joint Committee on Ways and Means, the committee of the Legislature primarily responsible for writing the state budget.

State treasurer

Read speaking as a State Representative

In 2016, Read ran for Oregon State Treasurer, to succeed Ted Wheeler, who was barred by term limits from running again in 2016. He was unopposed in the primary and won the general election by a plurality in November 2016, defeating Republican Jeff Gudman, [1] and became the state treasurer in January 2017.

Following the 2019 death Secretary of State Dennis Richardson, Read was first in the line of succession for the office of Governor until the 2020 election of Shemia Fagan. As Oregon does not have a lieutenant governor position, the Secretary of State is normally the first to succeed the governor in the event of a vacancy. However, as Richardson's successor Bev Clarno was an appointee, she was ineligible to become governor, making Read first in the line of succession. [12]

First State Retirement Savings Plan

In 2015, in an effort led by Read and organizations such as SEIU and AARP, the Oregon Legislature enacted legislation which created the Oregon Retirement Savings Board and tasked it with establishing a state-run retirement savings program and managing its oversight. The retirement program created was called OregonSaves. [13] In 2018, Finance industry publication Pensions & Investments and the Defined Contribution Institutional Investment Association (DCIIA) honored Read and OregonSaves with the Excellence & Innovation Award. The award recognizes public and private-sector efforts to enhance retirement security. [14] In 2019 Read was invited to speak to the U.S. Senate Finance Committee on the states innovative approach to retirement savings. [15]

Sale of Elliott State Forest

In 2017, Read voted to sell 82,500 acres of the Elliott State Forest to a Roseburg-based timber company for $221 million. Revenues from the sale would have been added to the state's education fund. [16] Following pushback from environmentalist and other Oregon Democrats, Read withdrew his support for the proposal. [17] [18]

Oregon College Savings Plan

As Treasurer, Read oversees the Oregon College Savings Program (OCSP), which helps Oregonians save for education after high school. [19]

Read worked with the Oregon State Legislature to pass the Education Savings Credit which changes the tax advantage from a deduction to a refundable credit. [20] Begun in 2020, the Education Savings Credit makes it easier for low-to-moderate income families save for education after high school. Read worked with a diverse group of organizations including the Latina Network, Stand for Children, and the Oregon Student Association [21] and legislators [22] to pass the Education Savings Credit.

2022 Oregon gubernatorial run

On September 27, 2021, Read officially announced that he was running for governor, but lost in the Democratic primary to Tina Kotek. [23]

2024 Oregon Secretary of State run

Read announced his intention to run for Secretary of State in July 2023 and officially launched his campaign on September 13. [24] He faces state senator James Manning in the Democratic primary. [24]

General elections

Oregon House of Representatives

2006 Oregon State Representative, 27th district [25]
Party Candidate Votes %
Democratic Tobias Read 14,325 59.5
Republican Domonic Biggi 9,706 40.3
Write-in 43 0.2
Total votes 24,074 100%
2008 Oregon State Representative, 27th district [26]
Party Candidate Votes %
Democratic Tobias Read 19,420 70.2
Republican Michael F DeVietro 8,139 29.4
Write-in 86 0.3
Total votes 27,645 100%
2010 Oregon State Representative, 27th district [27]
Party Candidate Votes %
Democratic Tobias Read 15,398 62.2
Republican Dan Lucas 9,328 37.7
Write-in 34 0.1
Total votes 24,760 100%
2012 Oregon State Representative, 27th district [28]
Party Candidate Votes %
Democratic Tobias Read 19,180 67.9
Republican Burton Keeble 9,005 31.9
Write-in 81 0.3
Total votes 28,266 100%
2014 Oregon State Representative, 27th district [29]
Party Candidate Votes %
Democratic Tobias Read 17,621 80.8
Libertarian Robert D Martin 3,967 18.2
Write-in 211 1.0
Total votes 21,799 100%

Oregon State Treasurer

2016 results by county
2020 results by county
Oregon State Treasurer election, November 8, 2016 [30]
Party Candidate Votes %
Democratic Tobias Read 828,354 44.11%
Republican Jeff Gudman 776,513 41.35%
Independent Party Chris Telfer 176,892 9.42%
Progressive Chris Henry 92,663 4.93%
Write-ins 3,497 0.19%
Total votes 1,877,919 100%
2020 Oregon State Treasurer election [31]
Party Candidate Votes % ±%
Democratic Tobias Read (incumbent) 1,166,703 51.68% +7.57%
Republican Jeff Gudman 936,916 41.50% +0.15%
Independent Party Chris Henry 99,870 4.43% -4.99%
Constitution Michael Marsh 51,894 2.30% N/A
Write-in 2,072 0.09% -0.10%
Total votes 2,257,455 100.0%
Democratic hold

References

  1. ^ a b Marum, Anna (November 8, 2016). "Tobias Read elected Oregon treasurer". The Oregonian. Archived from the original on November 12, 2016. Retrieved November 16, 2016.
  2. ^ Borrud, Hillary (May 18, 2022). "Tina Kotek wins Democratic primary for Oregon governor". The Oregonian. Archived from the original on May 18, 2022. Retrieved May 18, 2022.
  3. ^ a b c Brettman, Allan (June 8, 2012). "State Rep. Tobias Read leaves Nike to focus on legislative work". The Oregonian. Archived from the original on June 14, 2012. Retrieved June 8, 2012.
  4. ^ Inaugural Address Archived 2017-02-24 at the Wayback Machine, Tobias Read, January 6, 2017. Retrieved 23 February 2016.
  5. ^ Jaquiss, Nigel (September 27, 2016). "Five Things You Didn't Know About Tobias Read". Willamette Week. Archived from the original on September 29, 2016. Retrieved September 28, 2016.
  6. ^ "SB248 2011 Regular Session - Oregon Legislative Information System". Archived from the original on 2019-12-16. Retrieved 2019-12-16.
  7. ^ "HB2795 2009 Regular Session - Oregon Legislative Information System". Archived from the original on 2019-12-16. Retrieved 2019-12-16.
  8. ^ "HB3300 2009 Regular Session - Oregon Legislative Information System". Archived from the original on 2019-12-16. Retrieved 2019-12-16.
  9. ^ "An improved tax plan". The Register-Guard. June 12, 2009. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  10. ^ "Oregon HB 2700 - Requires Redistribution of Unclaimed Damages from Class Action Lawsuits - Oregon Key Vote - the Voter's Self Defense System - Vote Smart". Archived from the original on 2019-12-16. Retrieved 2019-12-16.
  11. ^ "Error" (PDF). Archived (PDF) from the original on 2019-12-16. Retrieved 2019-12-16.
  12. ^ "Some Oregon Republicans are having regrets about effort to recall Gov. Kate Brown". The Oregonian. July 25, 2019. Archived from the original on August 1, 2020. Retrieved September 3, 2020.
  13. ^ "State of Oregon: OregonSaves - Oregon Retirement Savings Board". Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  14. ^ "9 awarded Excellence and Innovation Awards from P&I". Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  15. ^ "Hearing | Hearings | the United States Senate Committee on Finance". Archived from the original on December 7, 2019. Retrieved December 16, 2019.
  16. ^ Urness, Zach (February 23, 2017). "Oregon Treasurer Tobias Read defends vote to sell Elliott State Forest". Statesman Journal. Archived from the original on 8 August 2023. Retrieved 27 September 2021.
  17. ^ Urness, Zach (March 28, 2017). "Treasurer Tobias Read now open to keeping Elliott State Forest public". Statesman Journal. Archived from the original on 8 August 2023. Retrieved 27 September 2021.
  18. ^ Mapes, Jeff (March 28, 2017). "Oregon Treasurer Backs Away From Move To Privatize Elliott State Forest". OPB. Archived from the original on 27 September 2021. Retrieved 27 September 2021.
  19. ^ "Treasury : Financial Empowerment : State of Oregon". Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  20. ^ "HB 2387 – Education Savings Credit". Oregon Treasury Department. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  21. ^ "HB 2387 – Education Savings Credit". Oregon Treasury Department. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  22. ^ "Committee Meeting Document". Oregon Future Caucus. Archived from the original on December 16, 2019. Retrieved December 16, 2019.
  23. ^ Campbell, Sam (September 27, 2021). "Treasurer Tobias Read announces run for governor". KOIN. Archived from the original on September 27, 2021. Retrieved September 27, 2021.
  24. ^ a b Edge, Sami (September 13, 2023). "Oregon state Sen. James Manning, Treasurer Tobias Read running for secretary of state". The Oregonian. Archived from the original on September 16, 2023. Retrieved September 19, 2023.
  25. ^ "Official Results | November 7, 2006". Oregon Secretary of State. Archived from the original on September 10, 2023. Retrieved October 30, 2023.
  26. ^ "Official Results | November 4, 2008". Oregon Secretary of State. Archived from the original on September 10, 2023. Retrieved October 30, 2023.
  27. ^ "Official Results November 2, 2010". Oregon Secretary of State. Archived from the original on August 31, 2023. Retrieved October 30, 2023.
  28. ^ "Official Results | November 6, 2012". Oregon Secretary of State. Archived from the original on April 6, 2023. Retrieved October 30, 2023.
  29. ^ "November 4, 2014, General Election, Official Abstract of Votes". Oregon Secretary of State. Archived from the original on April 6, 2023. Retrieved October 30, 2023.
  30. ^ "UNOFFICIAL 2016 GENERAL ELECTION NOVEMBER 8, 2016". OregonVotes. Oregon Secretary of State. Archived from the original on 7 February 2017. Retrieved 23 February 2017.
  31. ^ "November 3, 2020, General Election Abstract of Votes" (PDF). Oregon Secretary of State. Archived (PDF) from the original on December 4, 2020. Retrieved December 3, 2020.

External links

Wikimedia Commons has media related to Tobias Read.
Oregon House of Representatives
Preceded by Member of the Oregon House of Representatives
from the 27th district
2007–2017 		Succeeded by
Political offices
Preceded by Treasurer of Oregon
2017–present 		Incumbent
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