Texas Comptroller Susan Combs has announced she is stepping down and will not seek election to any office in 2014.
Combs made the announcement Wednesday. She was long considered a potential candidate for lieutenant governor.
Combs began her career as an elected official 20 years ago as a state representative from Austin. She first won statewide office as agriculture commission.
As comptroller, Combs was responsible for managing the state's finances, taking in revenues and paying the state's agencies.
Rumors have swirled for years that she intended to run for lieutenant governor once David Dewhurst vacated that office. But last year Dewhurst lost a Senate bid to Ted Cruz and is now running for re-election. He will face at least two challengers in the Republican primary.
Copyright 2013 The Associated Press.