Lakeville’s Gray to run for state treasurer

LAKEVILLE — Thad Gray of Lakeville is running for the Republican nomination for state treasurer in the 2018 election.

Gray recently retired from Abbott Capital Management LLC, where he was the Chief Investment Officer.

In a phone interview, Gray said the state’s finances are in bad shape.

He compared the unfunded pension liabilities for state employees to the sword of Damocles of ancient Greek mythology. (The story tells of a large sword suspended by a single hair over the throne of Damocles.)

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