Vermont State Auditor Candidate, a Montpelier-Outsider, Looks to Bring More Accountability and Less Policymaking to the Job
A fourth generation Vermonter, Graeter's focus is on a return to granular fiscal oversight rather than the broad policy analysis that has characterized the office exiting auditor Doug Hoffer’s tenure.
For the first time in nearly 14 years, Vermont’s State Auditor office is up for grabs without an incumbent on the ballot. Doug Hoffer’s announced retirement after holding the position since 2013 has created an open-seat race that pits insider experience against outsider perspective in a contest that could reshape how Vermont oversees taxpayer dollars.
Into this vacuum steps Nick Graeter, a 28-year-old Williston business owner making his first run for public office. His candidacy represents a stark departure from Vermont’s typical statewide political trajectory, challenging the establishment credentials of Tim Ashe, the current Deputy State Auditor and former Senate President Pro Tempore who has spent years preparing for this moment.
Who is Nick Graeter?
Graeter identifies as a fourth-generation Vermonter, a credential that carries significant weight in a state where “native” status often shields candidates from the “flatlander” label applied to political newcomers. A graduate of Colchester High School’s Class of 2016, where he worked on the student newspaper, Graeter spent his early career in Vermont’s private sector rather than following the traditional path through political science programs and law school that characterizes many of his opponents.
His professional background includes time at Heritage Automotive Group, one of Vermont’s largest automotive retailers, before founding his own business, HoleFore, in June 2023. An active participant in Vermont’s competitive golf scene, Graeter owns his own small business in an industry that connects him with other proprietors concerned about the cost of doing business in Vermont.
Skin in the Game: Recent Homebuyer in a Tough Market
In October 2024, amidst Vermont’s well-documented housing crisis, Graeter purchased a condominium in Williston for $326,625. This recent transaction places him among younger Vermonters navigating an inflated real estate market, unlike many established politicians who purchased homes decades ago at significantly lower valuations. His residence in Williston—a suburban town in the orbit of Burlington—situates him geographically in what many consider swing territory in Vermont politics: economically active, suburban, and sensitive to property tax increases.
Graeter is married to Courtney Graeter, and the couple is expecting their first child, a daughter, in February 2026. His campaign materials emphasize his status as a “soon-to-be first-time girl dad,” framing his candidacy as an investment in the future his daughter will inherit rather than as a traditional career move.
The Platform: Accountability Over Policy Analysis
Graeter’s campaign rests on three pillars: Transparency, Accountability, and Accessibility. His central slogan—”Accountability for every dollar of taxpayer money”—suggests a return to granular fiscal oversight rather than the broad policy analysis that has characterized the office under Hoffer’s tenure.
Where Hoffer transformed the office from traditional bookkeeping into a progressive policy think tank, often critiquing not just how money was spent but why it was spent in certain ways, Graeter’s platform implies a different philosophy. His emphasis suggests a focus on financial audits and compliance questions: Are contractors delivering on time? Are administrative costs consuming program funds? Is the state overpaying for services due to lack of competitive bidding?
His “Accessibility” focus speaks to modernizing how Vermont residents can access state financial data. As someone who came of age in the digital era, Graeter argues that state financial information should be as navigable as a modern banking app, moving away from dense PDF reports toward interactive dashboards that allow citizens to “follow the money” in real time.
The Formidable Opponent and Hoffer Clone: Tim Ashe
Ashe represents everything Graeter is not: deep institutional experience, extensive legislative relationships, and years of preparation for this specific role. As Senate President Pro Tempore from 2017 to 2020, Ashe effectively ran Vermont’s legislative branch during a transformative period. Since 2021, he has served as Deputy State Auditor, explicitly hired by Hoffer to prepare for succession, allowing him to campaign as an incumbent in all but name.
Ashe’s platform focuses on “Risk Assessment” and “Weather-related emergencies”—a macro approach emphasizing systemic threats like climate change, federal instability, and healthcare system vulnerabilities. This contrasts sharply with Graeter’s micro-focused fiscal accountability message.
Ashe’s long legislative tenure, however, creates a potential vulnerability. Any voter dissatisfied with current property taxes, housing laws, or state spending can directly connect those policies to his time as Senate leader. He is, in effect, part of the system Graeter wants to audit.
The Republican Field and Ballot Dynamics
Joshua Bechhoefer is also listed as a Republican candidate for State Auditor in 2026, though little information is publicly available about his platform. H. Brooke Paige, Vermont’s perennial multi-office candidate, received 39.2% of the vote against Hoffer in 2024 and frequently files as a placeholder for multiple statewide offices. Whether Paige remains on the ballot or withdraws for a more established candidate remains to be seen, but his presence could split the protest vote if he stays in the race.
The Path Forward: Change Versus the Status Quo
Graeter’s candidacy follows a playbook familiar to Vermont politics: the Phil Scott coalition. Governor Scott has maintained high popularity by combining social liberalism with fiscal conservatism, creating a permission structure for Democrats to vote Republican on financial oversight while maintaining progressive values on social issues. Graeter appears to be modeling his approach on this strategy, avoiding culture war topics while intensely focusing on the state’s checkbook.
His lack of political experience cuts both ways. He has no record to defend—he didn’t vote for controversial payroll taxes or the Clean Heat Standard. He’s a clean slate. But he also has never balanced a state budget or subpoenaed a state agency, weaknesses Ashe could exploit in debates on statutory details.
The geographic strategy seems clear: Ashe will dominate Burlington’s progressive base. Graeter’s home turf is the suburban “doughnut” around Burlington—Williston, South Burlington, Essex, and Colchester—where homeowners and parents are most sensitive to property tax hikes and education funding debates. Rural Vermont, particularly the Northeast Kingdom, often feels neglected by Montpelier’s establishment, creating potential opening for an outsider candidate with deep generational roots.
Campaign Finance and the Money Race
Vermont’s campaign finance reporting requirements establish strict deadlines throughout 2026, with the first major report due March 15 and increasingly frequent reports through the sprint to November’s general election. Ashe enters with a structural financial advantage, drawing on a deep donor network of lobbyists, unions, and party faithful built over years in legislative leadership. Graeter, relying on private networks and potentially self-funding given his business ownership, faces the challenge of matching Ashe’s likely television and radio presence with ground-game door-knocking and digital outreach.
What Happens Next
The 2026 election cycle will proceed through Vermont’s standard primary and general election process, with the winner taking office in January 2027. Campaign finance reports due March 15 will provide the first public look at each candidate’s fundraising strength and donor networks, offering early indicators of institutional support.
The race will test competing anxieties among Vermont voters: whether the state is being mismanaged by an entrenched Montpelier elite, or whether it’s too fragile to entrust to a political newcomer. Graeter has placed his bet on the former, hoping that “accountability for every dollar” resonates across party lines. Ashe counters that complex state finances require institutional knowledge that can’t be learned on the job.
Ultimately, voters will decide whether Vermont’s “Chief Watchdog” should be someone who knows the system intimately from years inside it, or someone positioned to examine it with fresh eyes from the outside.