PROVIDENCE, R.I. (WPRI) — Voters have elected Democrat James Diossa as Rhode Island’s next general treasurer, 12 News projects.

The 37-year-old served as mayor of Central Falls from 2013 through 2020, steering the state’s smallest city through its emergence from bankruptcy.

He campaigned on a pledge to continue the investment policies of the outgoing treasurer, Democrat Seth Magaziner, and proposed a $500 stipend for retirees.

Diossa beat out James Lathrop, 58, who was a first-time candidate that served in various municipal positions, most recently as finance director in North Kingstown.

Magaziner, who was elected to succeed outgoing Rep. Jim Langevin, couldn’t seek re-election due to term limits.