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Wagner Resigns as State Finance Secretary

Anita Kumar

Jody M. Wagner resigned today as Virginia secretary of finance. She is expected to announce in the coming days that she will run for lieutenant governor next year. Her last day is Aug. 8.

"Jody Wagner's fiscal stewardship is one of the reasons why Virginia has been named best managed state and best state to do business," Gov. Timothy M. Kaine said in a statement. "Her dedication and talents have secured Virginia's triple A bond rating and helped keep Virginia on the right track in a challenging economic environment. She has devoted herself to service, putting Virginia first, and she will be missed as an invaluable member of my team."

Lt. Gov. Bill Bolling (R) plans to run for re-election. Wagner will face fellow Democrat Jon Bowerbank, a businessman and member of the Russell County Board of Supervisors, who is already running.

Wagner, the first woman to serve as secretary of finance in Virginia, lost a bid for Congress in 2000. She was the state treasurer under former governor Mark R. Warner (D) before starting her current job.

"I have been honored to serve with Governor Kaine as Secretary of Finance," Wagner said in a statement. "He has approached difficult challenges with compassion and the commitment to understand all of the facts and ramifications of his decisions."

Richard D. Brown, director of the Department of Planning and Budget, will replace Wagner. Deputy Secretary of Finance Daniel S. Timberlake will succeed Brown.

By Anita Kumar  |  August 1, 2008; 2:39 PM ET
Categories:  Anita Kumar , Bill Bolling , Election 2009 , Timothy M. Kaine  
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