VIDEO EXCLUSIVE: Flowers to seek re-election

Incumbent Delaware Treasurer Chip Flowers announces he'll run for a second term.

WDEL's Amy Cherry reports.

State Treasurer Chip Flowers will tout the $44 million he says the state's investment portfolio has made since he took office 38 months ago.

"We rewarded performance over political connections, and we showed that by doing simple, practical steps, that we can make millions for the state," said Flowers.

Flowers calls the achievement his biggest asset going into his re-election bid. But he's also pushing for transparency measures that include financial disclosure for members serving on the Cash Management Policy Board.

"We're very confident that the General Assembly is going to pass reforms which will be one of the most historic reforms ever in the way that the state manages money, if we're able to get these reforms passed by the end of the session," Flowers said.

Flowers says he looks forward to positive campaigning, but says he will contrast what he calls failed state policies against the achievements of the treasury. He says Democratic challenger and former Markell staffer Sean Barney is going to have some explaining to do.

"I mean he was the policy director, so I think he's going to have to explain to people why is that the administration opposed the wonderful work that we were doing with the treasury by making millions of dollars and now are asking voters to increase taxes," said Flowers.

Flowers tells WDEL he doesn't believe the state credit card debacle will hurt his chances for re-election.

"I'm sure there will be some mudslinging, and if that's the best that they have against me, then I think the people are going to return me to office as their state treasurer," said Flowers.

Flowers says the scandal has been overplayed significantly and that voters can identify political vendetta.

"I think people are tired of the $800 issue, it was a mistake, obviously that I completely regret, not because I did anything wrong, but because of the fact that it was a distraction, and so I've apologized," he said.

He also expects mudslinging over his 2016 ambitions, which may include a run for governor, though Flowers wouldn't speak to that.

"I can tell you that I'm just happy focusing on 2014," he said.

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