Orange County Supervisor Andrew Do announced his candidacy for state treasurer on Wednesday, pledging to “reform our state’s investment and funding structures while managing our assets by ensuring protect working families and those most in need”.
The state treasurer is the chief asset manager, banker, and financier of the state and is chairman or member of many state authorities, boards, and commissions.
The Treasurer’s Office operates the state’s Pooled Money Investment Account, which invests funds on behalf of the state government and local jurisdictions to help manage their tax affairs.
Democrat Fiona Ma, the current state treasurer, is seeking a second term. She has held this position since January 2019.
Do is seeking to be the first Republican elected to a statewide office in California since 2006, when Arnold Schwarzenegger was re-elected governor and Steve Poizner was elected insurance commissioner.
Do was an assistant district attorney in the Orange County District Attorney’s Office, his last assignment being to prosecute sexually violent predators as a member of the office’s Sexual Assault Unit.
Do was also a Garden Grove councilor before being elected to the Board of Supervisors. The district he represents on the council includes Huntington Beach, Fountain Valley, Seal Beach, Los Alamitos, La Palma, Cypress, Garden Grove, Westminster, Midway City and Rossmoor.
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