NEW CANAAN \u2014 A member of the Board of Finance is looking at a state office. Victor Alvarez announced he\u2019s running as a Democratic candidate for the newly revised 125th District in the state House of Representatives. The district had previously been represented by Republican Tom O\u2019Dea and covered New Canaan and Wilton. It now includes parts of New Canaan, Stamford and Darien. Alvarez, 54, is a financial professional who said in a statement that he would use his \u201cfiscal prudence\u201d to help get the state\u2019s budget and capital spending on the right financial track. Connecticut has enjoyed a debt surplus for the past three years and has prepaid $1.6 billion of long-term pension obligations, he said. If elected, Alvarez said, he plans to keep that momentum going by using his financial experience to come up with new, sensible, bipartisan actions. One example is looking for places to use technology and process automation to reduce the number of state employees, he said. Alvarez also said he wants to quicken the transition to renewable energy and energy efficient infrastructure. \u201cConnecticut has a tremendous amount of untapped wind resources, and new wind turbines coupled with upgrades to energy transmission and distribution technology and adoption of new energy storage technologies would create well-paying, long-lasting jobs while materially reducing greenhouse gas emissions,\u201d he said in the campaign announcement. He also proposes new legislation that would add term limits for members of the General Assembly. He said 15 state legislatures have term limits in place, with the earliest one enacted in 1990. \u201cTerm limits are an effective way to increase a General Assembly member\u2019s focus on creating laws for the good of their constituents while reducing their focus on re-election campaigns and loyalty to political parties,\u201d Alvarez said. \u201cThese laws are getting traction in other states and Connecticut should benefit from these laws, too.\u201d Alvarez said he would support measures to protect a woman\u2019s right to abortion, and to protect medical practitioners who perform abortions, ensuring that abortions remain safe and accessible. \u201cWith the recent attacks on the precedent set in Roe v. Wade, and the new abortion-related cases being heard in the Supreme Court this summer that seek to further weaken or altogether remove the constitutional protection to have an abortion, I believe that it is the obligation of the Connecticut General Assembly to be steadfast in its protection of this very important liberty,\u201d he said.