MADISON, Wis. (AP) — Madison real estate developer Jason Punzel is exiting the race for state treasurer.
Punzel announced in August that he was going to seek the Republican nomination but on Wednesday he said he was pulling out of the race because the time demanded would take him away from his family too much.
Punzel is the president of White Cap Real Estate.
Kurt Schuller of Eden is also running as a Republican. He said if elected he will work to eliminate the treasurer’s office.
Incumbent Treasurer Dawn Marie Sass is a Democrat and plans to seek a second term next year. She has one announced Democratic challenger, city of Madison budget analyst Dan Bohrod.
The treasurer’s office oversees unclaimed property reported to the state and runs Wisconsin’s college savings program.