WKYT | Lexington, Kentucky | News

Hollenbach wins close race for Kentucky treasurer

LOUISVILLE, Ky. (AP) - Incumbent Democrat Todd Hollenbach has
been reelected as Kentucky's treasurer thanks to strong support in
his hometown of Louisville.
Republican opponent K.C. Crosbie kept the race close but
Hollenbach's margin in Kentucky's largest city was too much for the
Lexington councilwoman, who also had to overcome a third-party
candidate who also attracted conservative voters.
With 99 percent of precincts reporting, Hollenbach had 389,827,
or 49 percent of the vote, to Crosbie's 370,724, or 46 percent.
Libertarian Ken Moellman had 36,857, or 5 percent.
The win was "a victory for people who believe in a positive
campaign," Hollenbach said Tuesday night. "It's been a victory
for people who believe in ideas, and it's been a victory for people
who believe they want four more years of good government in
treasury."
Crosbie wished Hollenbach well in his second term.
"We put our ideas on the table, and we let the voters decide,
and (they) decided to stay the course," she said.
Hollenbach drew strong support in Jefferson County, where his
father was judge-executive, collecting about 60 percent of the
county's vote.
Crosbie outraised Hollenbach nearly 2-to-1 and ran TV ads
accusing the Democrat of failing to balance the state's checkbook.
Along with balancing the books, the treasurer's office handles
about 10 million checks and seven million electronic bank transfers
each year, and collects and returns unclaimed property.
Hollenbach countered Crosbie's claim that the books weren't
balanced with a letter from Auditor Crit Luallen that said
Hollenbach reconciled the state's accounts for the first time since
2006. Luallen said when Hollenbach came into office, he "inherited
a problem with a technology system that was incapable of balancing
the state's books."
Moellman, who said if elected he would eliminate the state
treasurer's job, had been expected to draw some conservative voters
away from Crosbie.
Crosbie said during the campaign she didn't believe Moellman was a "valid candidate," and she supported a court challenge of
Moellman's petition signatures by Fayette County's GOP chairman and another Republican supporter. They claimed that about half of
Moellman's 8,100 signatures were likely flawed and shouldn't count.
The suit was filed in early September and dropped about three days
later on Crosbie's urging. Crosbie said the legal action wouldn't
be resolved before ballots were printed.
Moellman said he collected more than the necessary 5,000
signatures because he knew about a quarter could be invalid.
Moellman acknowledged that his supporters would have likely voted
for Crosbie if he hadn't been on the ballot.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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