Last month, Comptroller Peter Franchot made the rounds of local businesses in Montgomery County.
Maryland Comptroller Peter Franchot says he will seek re-election as comptroller instead of running for governor in 2014. Franchot, a Democrat, has frequently been at odds with Gov. Martin O'Malley's administration.
In the letter to supporters, Franchot says it is no secret that in recent months he has given thought to running for governor. He says while he's humbled by the support his prospective campaign has received, he's more convinced than ever that there is a shared desire among state residents for an honest conversation of the fiscal and economic challenges that the state still faces.
Franchot has been comptroller since 2007. His decision to bow out comes amid speculation the Democratic party will have a crowded gubernatorial field in 2014.