Fiona Ma
Candidate for Lieutenant Governor
Fiona Ma is California's 34th State Treasurer. She is the Democratic pick for lieutenant governor. The vote is set for November 3, 2026. She was born in New York City. Her birth date is March 4, 1966. Ma has lived in San Francisco for many years. She is a certified public accountant. She earned a B.S. in accounting from the Rochester Institute of Technology. She also earned an M.S. in taxation, from Golden Gate University. She earned an M.B.A. from Pepperdine University too. She worked at the accounting firm Ernst & Young. That was from 1989 to 1993. She then opened her own accounting practice in San Francisco. Her elected career began on the San Francisco Board of Supervisors. She served there from 2002 to 2006. Voters then sent her to the state Assembly. She represented the 12th District from 2006 to 2012. She was Assembly Speaker pro Tempore from 2010 to 2012. From 2015 to 2019 she served on the Board of Equalization, a state tax panel. She chaired it in 2016. That year she ordered outside audits of the agency. In 2018 she was elected treasurer. Per her official biography, she was the first woman of color elected to the post. She was also the first woman CPA elected to it. She was re-elected in 2022. As treasurer, she is the state's main banker. Her office says it handles about $3 trillion a year in banking transactions. She is now in her second term. Ma entered the open 2026 race for lieutenant governor. In the June 2, 2026 primary, she finished first. She won 1,631,935 votes (19.1%). She now faces Republican Gloria Romero in November. Romero got 1,521,181 votes (17.8%) in the primary. News coverage said Ma led the field in fundraising. Her reported backers include Equality California. They also include labor groups, such as the California Federation of Teachers and the United Brotherhood of Carpenters and Joiners. Born March 4, 1966. Home: San Francisco, California. Job: State treasurer. She is also a certified public accountant. Prior office: San Francisco Board of Supervisors, 2002-2006. State Assembly, 12th District, 2006-2012. She was Speaker pro Tempore there, 2010-2012. Board of Equalization, 2015-2019. State Treasurer, 2019-present. She is not the incumbent in this contest. It is an open seat.
On the issues
- Economy & Jobs
Supports growing the economy and attracting investment to create high-quality jobs.
“grow our economy, attract investment, and create high-quality jobs”
Source → - Taxes & Cost of Living
Says she wants to make California affordable again.
“California affordable again”
Source → - Housing & Homelessness
Supports building more housing so more Californians can afford to live in the state, and reviewing laws and regulations that have made homebuilding harder.
“review the necessity of many of our laws and regulations, which have created hardships in homebuilding, driving up the cost of living and decreasing homeownership rates”
Source → - Health & Health Care
Supports fighting for healthcare access for everyone.
“fight for healthcare access for everyone”
Source → - Education & Schools
Would create a TK-16 education pipeline emphasizing the science of reading, workforce and college preparedness, and merit in education, alongside making college more affordable.
“create a TK-16 education pipeline with a focus on the science of reading, workforce and college preparedness, and meritocracy in education”
Source → - Public Safety & Policing
Supports championing first responders and public safety personnel.
“champion our first responders and public safety personnel so we can feel safe”
Source → - Family & Social Services
Supports ensuring seniors can age with dignity.
“ensure seniors can age with dignity”
Source → - Environment, Energy & Climate
Would use the Lieutenant Governor's seats on the Coastal and Land Commissions to implement fire-mitigation policy so the state does not mismanage wildfires.
“actively lead the Coastal and Land Commissions to implement common-sense fire mitigation policies, ensuring California never mismanages a wildfire again”
Source → - Government, Elections & Democracy
Says she will work with people from both parties so Californians are represented in the government they fund with their taxes.
“I will work with people from both parties to ensure that Californians are represented in the government they pay taxes to.”
Source →
Profiles are compiled from the candidate’s own statements and public records. We never tell you how to vote.