- Posted by Friends Of Martin
- On September 30, 2015
McLaughlin Announces Campaign for State Senate
Proven Fiscal Conservative Ready to Be Part of the Solution
September 30, 2015
BARRINGTON HILLS, IL – Today, in the wake of Senator Dan Duffy’s announced retirement, Martin McLaughlin announced his candidacy for the 26th Illinois Senate District. McLaughlin is the Village President of Barrington Hills, a small businessman and a financial expert running to bring his common sense private sector experience to Springfield.
“It has been frustrating to watch Springfield grind to a halt because of an inability to accept needed spending reforms and enact a balanced budget. Meanwhile, here in my village, we’ve been able to work through our differences to cut spending and taxes. It can be done, but you need strong, experienced leadership to make it happen, and that’s why I’ve decided to run for State Senate,” said McLaughlin.
McLaughlin was elected Village President of Barrington Hills in 2013, defeating the two-time incumbent by a margin of 60%-40% despite being outspent 5-to-1. In the years prior, the Village had spent recklessly, increasing expenditures 83.5% and hiking taxes a whopping 177%. A conservative from the private sector, McLaughlin brought business principles to a bloated local government rife with cronyism. Despite a 5-1 board opposed to his reform agenda, he successfully reduced spending, cut taxes, resolved previous legal disputes, consolidated departments, and put the village back on a path towards fiscal responsibility.
McLaughlin added: “With my public and private sector experience, I know I can be part of the solution in Springfield. I have experience working with diverse parties to collaborate and provide solutions to the public, and have proven my dedication to fiscally responsible principles in the face of opposition in my hometown. I am ready to go to Springfield and fight the entrenched powers on behalf of my neighbors in the 26th District.”
The owner and manager of a registered investment advisory firm for many years, McLaughlin has overseen the investment of pension assets, both public and private, through some of the most turbulent financial times in history. As a named fiduciary on police, fire, and municipal pension plans, he has a unique background and experience working with leaders entrusted with public assets.
Martin has been married to his wife, Kathleen, for 24 years. They met at Elgin Academy, where Martin attended on scholarship. He then went on to work his way through college, earning his Bachelor’s Degree in Business Administration from Illinois Wesleyan University. He and his wife are blessed with 5 daughters, aged 21 through 9. In his spare time, Martin enjoys spending time with his family, and volunteering with various community athletic organizations serving as a trustee at The Einstein Academy.