Treasurer
✦ AI Race Summary
Open-seat race as Fiona Ma terms out. The Treasurer manages the state's cash and bond programs and chairs CDLAC (private-activity bonds) and CTCAC (low-income housing tax credits) — the two agencies that allocate the bulk of California's affordable-housing capital. Three Democrats are running plus one Republican.
Candidates · sorted by endorsements
Two-term Lieutenant Governor (2019–2026); previously U.S. Ambassador to Hungary under Obama. Eighteen-year career at AKT Development before politics — built and financed housing in Sacramento and the Central Valley.
BAJC-Action · Endorsed
Hindu United Vote · Endorsed
United Democratic Club · Endorsed
Association for the Advancement of Asians · Endorsed
State Senator (SD-14, Salinas / Central Valley); previously Assemblymember and Salinas mayor. Authored SB 6 (the Middle Class Housing Act) and SB 35-related housing-streamlining bills.
Member of the California State Board of Equalization; former mayor of Santa Monica.
Retired businesswoman; first-time candidate.