Endorsed · Lieutenant Governor

Fiona Ma

Candidate · Democratic

Why Thrive LA endorses Fiona

Fiona Ma is a licensed CPA with over three decades of public finance experience. She has served as a San Francisco Supervisor, California Assembly Speaker pro Tempore, Chair of the Board of Equalization, and California's 34th State Treasurer. She holds a Bachelor's in Accounting, a Master's in Taxation, and an MBA from Pepperdine University. She is now running for Lieutenant Governor. Ma brings something different: a financial operator's mindset, credibility with law enforcement, and a track record of cutting government waste rather than expanding it. As Treasurer, she has managed California's $124 billion investment portfolio and overseen more than $3 trillion in annual state payments. At the Board of Equalization, she ordered three external audits and led structural reforms that improved accountability. In the Assembly, she authored 60 bills that were signed into law, most of which required no new taxpayer money. That is a rare discipline in Sacramento. Ma carries endorsements from the Los Angeles Police Protective League, the Association for Los Angeles Deputy Sheriffs, the Peace Officers Research Association of California, California Professional Firefighters, San Francisco Firefighters 798, and Crime Victims United. LAPPL President Craig Lally praised her "unwavering commitment to public safety." She is also endorsed by California YIMBY, signaling alignment with the state's urgent need to build more housing. Her support extends across the political establishment: Lieutenant Governor Eleni Kounalakis, Secretary of State Shirley Weber, State Controller Malia Cohen, Congressman Ted Lieu, LA County Supervisors Janice Hahn and Hilda Solis, and LA City Councilmember Traci Park have all backed her campaign. The building trades, operating engineers, and carpenters unions are behind her as well, reflecting confidence from the people who actually construct California's infrastructure. Fiona Ma is the fiscally grounded, public-safety-aligned leader California needs as its next Lieutenant Governor.

Key positions

  • Backed by Law Enforcement: Endorsed by LAPPL, ALADS, the Peace Officers Research Association of California, California Professional Firefighters, and Crime Victims United. These organizations back candidates who take public safety seriously, not candidates who treat it as an afterthought.
  • Real Financial Expertise: A licensed CPA since 1992, Ma manages California's $124 billion investment portfolio as State Treasurer and oversees more than $3 trillion in annual state payments. She ordered three external audits as Board of Equalization Chair and led reforms that eliminated waste and improved accountability.
  • Pro-Housing, Pro-Building: Endorsed by California YIMBY and backed by the building trades. Ma's record shows alignment with the fundamental need to increase housing supply rather than pile on regulations that make construction more expensive.
  • Broad, Credible Coalition: Endorsed by Lieutenant Governor Kounalakis, Congressman Ted Lieu, LA County Supervisor Janice Hahn, Councilmember Traci Park, and over 30 Assembly Democrats. This is not an ideological candidacy. It is a competence candidacy.

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