Diossa secures reelection as Rhode Island general treasurer

Democratic General Treasurer James Diossa secured another four years in office Tuesday, easily defeating Republican challenger Micholas Credle.

Diossa received 65% while Credle had 35%, according to unofficial results from the Rhode Island Board of Elections as of 9:13 p.m., with 39 cities and towns reporting

Diossa, 41, a former Central Falls mayor, was first elected general treasurer in 2022. His office oversees Rhode Island’s pension investments and other financial programs, including the state’s unclaimed property system.

During his reelection campaign, Diossa highlighted the growth of the state’s pension fund, expanded efforts to return unclaimed property and a mortgage assistance program for first-time homebuyers.

Credle, 45, a retired U.S. Army captain and first-time political candidate, campaigned on increasing transparency and accountability in the management of state pension investments. He drew support from many retired state employees angered by a 2011 pension overhaul that eliminated their 3% annual cost-of-living increases and tied future adjustments to the pension fund’s funding level, investment returns and inflation.

But Credle faced questions over the handling of his own finances. The Providence Journal reported the political newcomer admitted in court he had not paid child support since February.

A financial disclosure form filed with the Rhode Island Ethics Commission showed Credle reported receiving between $50,001 and $100,000 in VA disability benefits in 2025, along with $25,001 to $50,000 in Social Security disability payments and $10,001 to $25,000 in combat-related special compensation from the Army. The filing also listed Credle as a partner in three businesses, but did not report income from them.