Attack On State Treasurer Lacks Merit

OPINION

In politics, particularly during election years, thinly sourced allegations of wrongdoing are not unusual. Even so, a recent attack on State Treasurer Todd Russ makes for especially thin gruel. We’re supposed to believe Russ spearheaded a conspiracy to award a state contract … to the lowest bidder.

Several years ago, the Oklahoma Legislature created the Invest in Oklahoma program to encourage state pensions to invest up to 5 percent of their assets in Oklahoma-based companies. Eventually, lawmakers also voted to put the treasurer’s office in charge of the program but provided no extra funding to the agency to cover associated costs.