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FOR IMMEDIATE RELEASE
January 22, 2026

Contact: Fiona Ma for Lieutenant Governor 2026
[email protected]
(415) 322-9641

FIONA MA CONTINUES STRONG FUNDRAISING LEAD IN LT. GOV. RACE
Raises More Than $1.1 Million in Latest Filing Period

Sacramento, CA — State Treasurer Fiona Ma, CPA, raised $1,126,587 in the second half of 2025 in her campaign for Lieutenant Governor, far outpacing her competitors in the race.

Fiona Ma has now raised $8,608,385 for her campaign. She has nearly $5 million ($4,967,722.01) cash on hand – nearly 2.5 times that of her closest competitor.

  • Ma’s financial advantage adds to her organizational support. She has earned the backing of more than 29 major labor unions representing nearly 3 million workers across California. Statewide unions include the State Building and Construction Trades, International Brotherhood of Teamsters, National Union of Healthcare Workers (NUHW), California State Association of Electrical Workers, Western State Regional Council of Carpenters and United Food and Commercial Workers Western States Council.

Ma also has been endorsed by more than 500 federal, state, and local public officials. They include Lieutenant Governor Eleni Kounalakis, Secretary of State Shirley Weber, and State Controller Malia Cohen.  

“Californians want a proven, principled problem solver to tackle the challenges our families face,” said Ma. “The people power behind our campaign continues to grow as we head into the June primary. In these challenging times, voters want elected officials that have a track record of delivering results, and I continue to be honored by their trust and in getting things done that move our state forward.”

For more than two decades, she has built a reputation as a problem-solving public servant, adept at building unlikely coalitions to overcome California’s most complex problems. Treasurer Ma was first elected in 2018 with more votes than any other candidate for treasurer in the state’s history and re-elected to her second term in 2022. She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position.

Prior to being elected Treasurer, she was an elected member of the California Board of Equalization from 2014 – 2018. Ma was a member of the State Assembly from 2006-2012, serving as Speaker pro Tempore from 2010 to 2012. From 2002-2006, she served on the San Francisco Board of Supervisors.

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About Fiona Ma
Fiona Ma currently serves as California’s State Treasurer, managing over $3 trillion in transactions annually and safeguarding the state’s investments. A CPA, San Francisco Board of Supervisor, Assembly Speaker Pro Tempore, and Chair of the Board of Equalization, Ma has built her career on delivering results and advocating for California’s working families.

 

Paid for by Fiona Ma for Lieutenant Governor 2026, FPPC ID #1457360. Created and produced entirely on an in-house computer.

 

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