Fiona Ma
Democratic candidate for Lieutenant Governor in California
California Lieutenant Governor winner?
$100.6K
NOV 7, 2026
General Election
Voters choose the office holder.
Live Odds — California Lieutenant Governor winner?
Current prediction-market probability for the candidate, updated as market prices change.
91%chance to win
$100.6KNOV 7, 2026Candidate Overview
Key details about the candidate’s background, party, office sought and current campaign.
Current roleTreasurer
PartyDemocratic
Political ideologyProgressive Democrat
Age60 years old (Mar 4, 1966)
GenderFemale
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LocationCalifornia
BackgroundPolitician
EducationRochester Institute of Technology (B.S., Accounting)
Notable personal detailsFiona Ma is an American politician and certified public accountant who has served as California’s 34th State Treasurer since January 7, 2019. She previously served on the California Board of Equalization, in the California State Assembly (including as Speaker pro Tempore), and on the San Francisco Board of Supervisors. She earned an accounting degree from Rochester Institute of Technology and later completed graduate degrees at Golden Gate University and Pepperdine University.
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Political Positions
Economy & Taxes
Fiona Ma supports tax incentives and credits to promote housing, manufacturing, and economic development and seeks to collect unpaid taxes from underground economic activity. She has publicly opposed a wealth tax and increases in the top state income-tax rate (including opposition to Proposition 30). Her record emphasizes targeted tax incentives and fiscal management rather than broad tax hikes on high earners.
Immigration & Border
Supports immigrant families and rejects policies of fear, intimidation, and family separation; expresses solidarity with California’s immigrant communities and emphasizes opportunity and dignity for immigrant families. Positions focus on protecting immigrant families and opposing aggressive enforcement tactics in the state context.
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Abortion & Reproductive Rights
Supports abortion rights and has backed efforts to protect and codify reproductive freedom in California while opposing restrictive bans. Has received endorsements from pro–abortion-rights organizations and participated in state activities that funded and supported reproductive health providers.
Climate & Energy
Supports large-scale clean energy investment and financing programs to decarbonize buildings and accelerate adoption of electric appliances, heat pumps, solar plus storage, and EV chargers; chairs state clean-energy financing authorities and promotes green bonds and energy-efficiency loan programs. Endorses California targets for 100% clean electricity by 2045 and expands state financing to support equitable building decarbonization and clean-technology manufacturing.
Public Safety & Guns
Fiona Ma has supported state firearm safety legislation that restricts sale of guns that can be easily converted into automatic weapons and has recorded official support for recent California gun-safety bills. Her public positions indicate support for targeted firearm restrictions and regulatory measures while serving as state treasurer and in official bill positions.
Latest News
Fiona Ma is facing scrutiny over her ties to Pegasus California School after a Riverside County audit flagged the school for possible fraud and other illegal practices. Reports say she visited the school in 2023 and appeared in its marketing, while Ma says she paid for the trip herself and did not know about any investigations at the time. The audit did not accuse her of wrongdoing, but the issue has drawn attention as she continues her campaign. Separately, she is one of the candidates in California’s lieutenant governor race, where housing, education and economic plans are a major focus.
Fiona Ma v. Josh Fryday v. Michael Tubbs v. Gloria Romero. We ask. They answer.
California Treasurer Fiona Ma Tied to Embattled Chinese School
California Treasurer Fiona Ma tied to Chinese school cited in scathing audit
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We're monitoring and will update when new data impacts the race.
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