Donate
The state Capitol in Sacramento on Nov. 17, 2022. Photo by Miguel Gutierrez Jr., CalMatters
Profile Image

Fiona Ma

Democrat, Treasurer
Time in office:
  • Assembly: 2006-2012
  • Treasurer: 2019-present

News coverage of Fiona Ma

Bio

Fiona Ma, 60, is a certified public accountant, former assemblymember and Board of Equalization member who is running for lieutenant governor in 2026. In 1994, she was elected president of the Asian Business Association. She served on the San Francisco Board of Supervisors for four years. She also served as a delegate to the White House Conference on Small Business. In 1995, she was first appointed to the Assessment Appeals Board by the San Francisco Board of Supervisors. She was elected to the Assembly in 2006.

Job Description

The treasurer is the state’s chief asset manager and financier who oversees investments, state debt and major financial programs. The office manages the state’s investment account, serves on the boards that manage pensions for public employees — CalPERS and CalSTRS — and helps finance public works projects statewide. The office has around 250 employees and a budget of $48 million.

Financials

This feature tracks three sources of money intended to help a candidate win election: 1-Money given directly to a candidate’s committee, 2-Money given to an Independent Expenditure Committee, 3-Money given to a political party.

Election

This display shows money given directly to the incumbent’s campaign committee (NOTE: The industry categories for donors come from Open Secrets, a nonpartisan research organization for campaign finance. Some contributions are “uncoded,” meaning they have not been assigned to an industry sector. As a result, the total for each sector is also an estimate).

Agriculture

$135.5K

Candidate Contributions

$79.7K

Communications & Electronics

$118.2K

Construction

$150.7K

Energy & Natural Resources

$160.5K

Finance, Insurance & Real Estate

$746.7K

General Business

$331.3K

Government Agencies/Education/Other

$188.7K

Health

$90.5K

Ideology/Single Issue

$81.8K

Labor

$1.5M

Lawyers & Lobbyists

$234.3K

Party

$20.8K

Transportation

$48.8K

Uncoded

$4.6M

Candidate Donations

Individuals, corporations, organizations and committees are limited to a maximum donation to candidates of $5,500 for the primary and for the general elections.

Total
$8.5M

Grand Total for Elections

$8.5M

This is a total of the money targeting this official's campaign(s) including direct donations to the candidate, money spent by Independent Expenditure Committees and money from political parties.

Influence

There are three categories of donations after they are elected that encourage a working relationship between the donor and the official. The three categories are: 1-Gifts, 2-Travel, 3-Behests.

Giver
Value
Date
Description
Quebec Government of Los Angeles$120Jan 10, 2023Dinner
California Farm Bureau$66.23Mar 28, 2023meal
California Cattlemen's Association$56May 16, 2023Breakfast

Gifts

Officials are not allowed to accept gifts of more than $10 per month from registered lobbyists. Gifts from any other single source are limited to $590 in a calendar year.

Interested in Fiona Ma's history as a legislator?

Review Ma's history as a legislator, including bills authored, candidate donations and more.

Learn More

Policy

Bill Positions

This officeholder or this office has taken positions on the following bills during the current session.

Bill
Date
Last Recorded Position
AB 1021Aug 20, 2025Support
AB 1076Sep 4, 2025Support
AB 1127Sep 11, 2025Support
AB 1138Jun 25, 2025Support
AB 1181Sep 6, 2025Support
AB 1447Jul 16, 2025Support
AB 2123Apr 3, 2026Support
AB 2444Apr 3, 2026Support
AB 258Aug 29, 2025Support
AB 260Sep 8, 2025Support
AB 2607Apr 3, 2026Support
AB 2607Apr 3, 2026Support
AB 265Sep 9, 2025Support
AB 289Sep 8, 2025Support
AB 342Jul 7, 2025Support
AB 407Apr 29, 2025Support
AB 461Sep 8, 2025Support
AB 53May 2, 2025Support
AB 627Jun 9, 2025Support
AB 65May 6, 2025Support
AB 786Sep 10, 2025Support
AB 984May 2, 2025Support
ACR 85Jun 11, 2025Support
SB 1Apr 28, 2025Support
SB 1265Apr 3, 2026Support
SB 1407Apr 3, 2026Support
SB 631Sep 9, 2025Support
SB 657May 9, 2025Support
SB 769Aug 18, 2025Support
SB 822Sep 12, 2025Support
SB 86Sep 9, 2025Support

Election Results

Previous Election (2022):

Fiona Ma
58.8%
WON
Jack M. Guerrero
41.2%