Raleigh attorney Dan Blue III was leading Cary financial planner Ron Elmer in Tuesday’s Democratic primary for N.C. treasurer.
Tuesday’s winner will face Republican and former Employment Security Division leader Dale Folwell in November’s general election. Folwell ran unopposed in Tuesday’s GOP primary.
Blue had 58.79 percent of the vote compared with Elmer’s 41.21 percent, based on results from about 72 percent of precincts.
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The treasurer’s office went up for grabs after Democrat Janet Cowell’s surprise announcement in October that she would not seek a third term.
Among other things, the treasurer’s office oversees the state’s $90 billion pension fund and runs the state employee health plan.
A key point of disagreement between Blue and Elmer was on how the pension system should handle its investment portfolio.
Elmer said he supports having treasurer’s office employees manage the fund. Blue argued the state’s obligation to retirees is to find the best managers available, inside or outside the treasurer’s office.
Dan Blue III 58.79%
Ron Elmer 41.21%
2,144 of 2,709 precincts reporting