Colorado Treasurer Dave Young gives a victory speech on election night after winning a second term in office. Nov. 8, 2022.

Democrat Dave Young defeats Lang Sias to earn a second term as Colorado State Treasurer.

The state treasurer’s office in Colorado remains under Democratic control after incumbent Dave Young defeated Republican rival Lang Sias in his reelection bid on Tuesday.

Young, a former state lawmaker and junior high school instructor, will keep overseeing more than 100 accounts for many state organisations. His key campaign pledge was to uphold the Colorado SecureSavings Program’s pilot phase, which offers employees who aren’t provided a retirement plan via their employment a state-sponsored retirement plan. Young said that he will keep working to help Coloradans who have lost or misplaced valuables recover more than $1 billion in unclaimed property and finances.

At a Republican watch party in Greenwood Village on Tuesday night, Sias, a former state lawmaker, Top Gun instructor, and Navy fighter pilot, surrendered the race.
“I just got off the phone with Dave Young, who was a former legislative colleague of mine. wished him success as he serves the people of Colorado for the next four years in that role and congratulated him on his victory,” Sias added.

The Republican from Arvada stated that battling inflation was his top goal. Republicans who believed Young was the most exposed Democrat facing a statewide contest have been hurt by his defeat.

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