Republican Jack Guerrero in the November election faces the difficult task for trying to unseat Democratic state Treasurer Fiona Ma.
Republican Jack Guerrero in the November election faces the difficult task for trying to unseat the Democratic state Treasurer Fiona Ma, who won a lopsided victory in the June primary and remains popular among California voters despite aThe treasurer is the state’s top banker and is responsible for managing its finances and investments, and serves on powerful boards and committees that oversee the state employee pension systems and allocate state bond financing for projects for affordable...
who has held the position since 2013, looks to shake up the office and Sacramento politics, which he said is responsible for the “mismanagement” of taxpayer dollars.“The time has come for an independent watchdog who is free from the single-party apparatus in Sacramento, to bring checks and balances to the government, and to serve honorably and tell the truth to taxpayers of our dire financial condition,” said Guerrero in February while announcing his candidacy.
Unseating an elected incumbent state treasurer is rare. Voters haven’t selected a challenger since 1958. He has attempted to make up ground by criticizing the way the state is handling its debt, credit rating and the large amounts of unfunded debt of CalSTRS and CalPERS, which manage pensions for California public school educators and other public employees. He has said the state is overspending on “pet projects” and calls for less taxes and less government spending.
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