News, In race for California’s top banker, Cudahy councilman looks to oust incumbent who weathered political storms : detailed suggestions and opinions about In race for California’s top banker, Cudahy councilman looks to oust incumbent who weathered political storms .
Republican Jack Guerrero in the November election faces the difficult task for trying to unseat the Democratic state Treasurer Fiona Ma, who won a lopsided victory in the June primary and remains popular among California voters despite a string of scandals.
The treasurer is the state’s top banker and is responsible for managing its finances and investments, and serves on powerful boards and committees that oversee the state employee pension systems and allocate state bond financing for projects for affordable housing, education, infrastructure and the environment.
Throughout their campaigns, the two candidates have continued to lay down opposing visions of how to approach the job of California’s top banker. Ma is hoping to build on programs she championed during her first four years and Guerrero, a councilman from Cudahy who has held the position since 2013, looks to shake up the office and Sacramento politics, which he said is responsible for the “mismanagement” of taxpayer dollars.
“The time has come for an independent watchdog who is free from the single-party apparatus in Sacramento, to bring checks and balances to the government, and to serve honorably and tell the truth to taxpayers of our dire financial condition,” said Guerrero in February while announcing his candidacy.
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