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California State Treasurer

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The state treasurer of California is a constitutional officer in the executive branch of the government of the U.S. state of California . Thirty-five individuals have held the office of state treasurer since statehood. The incumbent is Fiona Ma , a Democrat . The state treasurer's main office is located in the Jesse M. Unruh State Office Building in Sacramento .

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45-425: The state treasurer assumes office by way of election. The term of office is four years, renewable once. Elections for state treasurer are held on a four-year basis concurrently with elections for the offices of governor , lieutenant governor , attorney general , secretary of state , state controller , insurance commissioner , and superintendent of public instruction . In California, the state treasurer serves as

90-401: A sovereign state , a federated state , or a self-governing colony , autonomous region , or other government who often presides over a cabinet , a group of ministers or secretaries who lead executive departments. In diplomacy , "head of government" is differentiated from " head of state ". The authority of a head of government, such as a president, chancellor, or prime minister, and

135-499: A broader sense, a head of government can be used loosely when referring to various comparable positions under a dominant head of state (especially is the case of ancient or feudal eras, so the term "head of government", in this case, could be considered a contradiction in terms). In this case, the prime minister serves at the pleasure of the monarch and holds no more power than the monarch allows. Some such titles are diwan, mahamantri , pradhan , wasir or vizier . However, just because

180-422: A head of government is Prime Minister . This is used as a formal title in many states, but may also be an informal generic term to refer to whichever office is considered the principal minister under an otherwise styled head of state , as minister — Latin for servants or subordinates—is a common title for members of a government (but many other titles are in use, e.g. chancellor and secretary of state). Formally

225-726: A limit of two terms, if served after November 6, 1990. Governors take the following oath: I (Governor) do solemnly swear that I will support and defend the Constitution of the United States and the Constitution of the State of California against all enemies foreign and domestic, that I will bear true faith and allegiance to the Constitution of the United States and the Constitution of the State of California, that I take this obligation freely without any mental reservation or purpose of evasion and that I will well and faithfully discharge

270-399: A recent lecture at Stanford University, challenged the faculty of that great institution to produce a single man who had cast an intelligent vote for the office of State Treasurer, and none was produced. Fortunately our State Treasurer is the highest type of citizen and official. The reason the challenge could not be met was that, in the hurry of our existence and in the engrossing importance of

315-487: A state. The current governor of California is Democrat Gavin Newsom , who was inaugurated on January 7, 2019. A candidate for governor must be a U.S. citizen and a registered voter within the state, must not have been convicted of a felony involving bribery, embezzlement, or extortion, and must not have served two terms since November 6, 1990. Governors are elected by popular ballot and serve terms of four years, with

360-758: Is alleged that the increased personalisation of leadership in a number of states has led to heads of government becoming themselves "semi-presidential" figures, due in part to media coverage of politics that focuses on the leader and his or her mandate, rather than on parliament; and to the increasing centralisation of power in the hands of the head of government. Such allegations have been made against three former British Prime ministers: Margaret Thatcher , Tony Blair , and Boris Johnson . They were also made against Italian prime ministers Silvio Berlusconi and Matteo Renzi , Canadian prime minister Pierre Trudeau and Federal Chancellor of West Germany (later all of Germany), Helmut Kohl , when in power. The head of government

405-698: Is also the president of the California State Senate. The official residence of the California governor is the California Governor's Mansion , in Sacramento. The mansion has served as the residence of 14 governors, while others have declined to reside in the mansion, preferring to arrange for private residential arrangements. It is also one of the official workplaces for the governor. The governor's primary official workplace

450-553: Is located within the California State Capitol in Sacramento. The Stanford Mansion , in Sacramento, serves as one of the official workplaces for the governor, as well as the official reception center for the California government . Head of government This is an accepted version of this page In the executive branch, the head of government is the highest or the second-highest official of

495-466: Is often provided with an official residence , often in the same fashion as heads of state often are. The name of the residence is often used as a metonym or alternative title for 'the government' when the office is politically the highest, e.g. in the UK "Downing Street announced today…" Well-known official residences of heads of government include: Similarly, heads of government of federal entities below

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540-452: Is separately elected during the same election, not jointly as the running mate of the gubernatorial candidate. As such, California had governors and lieutenant governors of different parties for nearly 27 of the 33 years between 1978 and 2011, whereas previously, this had only occurred in 1875, 1887, 1895 and 1916–1917 due to the resignation or death of an incumbent governor or lieutenant governor. This occasionally becomes significant, since

585-706: Is the commander-in-chief of the California National Guard and the California State Guard . Established in the Constitution of California , the governor's responsibilities also include submitting the budget, ensuring that state laws are enforced, and making the annual State of the State address to the California State Legislature . The position was created in 1849, the year before California became

630-556: Is the present French government, which originated as the French Fifth Republic in 1958. In France, the president , the head of state, appoints the prime minister , who is the head of government. However, the president must choose someone who can act effectively as an executive, but who also enjoys the support of France's legislature, the National Assembly , to be able to pass legislation. In some cases,

675-508: The California Constitution provides that all the powers of the governor fall to the lieutenant governor whenever the governor is not in the state of California, with the lieutenant governor sometimes signing or vetoing legislation or making political appointments whenever the governor leaves the state. In practice, there is a gentlemen's agreement for the lieutenant governor not to perform more than perfunctory duties while

720-605: The Chinese Communist Party ( top leader in a one-party system) has always held this office since 1993 except for the months of transition . In directorial systems , the executive responsibilities of the head of government are spread among a group of people. A prominent example is the Swiss Federal Council , where each member of the council heads a department and also votes on proposals relating to all departments. The most common title for

765-721: The First World War, this was deployed toward War Mobilization. Still, State Bond issuance for major infrastructure projects characterized the office into the 1960s, including bonds for the State Parks System in the 20's, to build facilities for the 1932 Olympic Games, for the Postwar expansion of the University of California and State University Systems, for the State Water Project of 1960, and for

810-541: The New York Clearinghouse, causing the Panic of 1907. Progressive governor Hiram Johnson left the office essentially untouched. Of the office, he had this to say in his first inaugural: The most advanced thought in our nation has reached the conclusion that we can best avoid blind voting and best obtain the discrimination of the electorate by a short ballot. A very well known editor in our State, during

855-559: The United States in the 1950s. She was famous for aphorisms, including "We women don't care too much about getting our pictures on money as long as we can get our hands on it." With the election of Kathleen Brown in 1990 as a Democrat, the Democratic-lead legislature significantly expanded the scope and duties of the office; however, the Orange County Bankruptcy also lead the legislature to significantly curtail

900-467: The ballot in California. The 2003 recall election began with a petition drive that forced Democratic governor Gray Davis into a recall election, which he lost. He was replaced by Republican Arnold Schwarzenegger . It was the first time that a California governor was voted out of office. In addition to the successful 2003 recall, current governor Gavin Newsom faced a recall election in 2021 , which he defeated. The lieutenant governor of California

945-417: The basis of the strength of party support in the lower house; in some other states, the head of government is directly elected by parliament. Many parliamentary systems require ministers to serve in parliament, while others ban ministers from sitting in parliament (they must resign on becoming ministers). Heads of government are typically removed from power in a parliamentary system by Constitutions differ in

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990-592: The cabinet, controls domestic policy, with the president's influence largely restricted to foreign affairs. In communist states , the General Secretary of the Communist Party is the supreme leader, serving as de facto head of state and government. In China , the de jure head of government is the Premier . The Chinese president is legally a ceremonial office , but the General Secretary of

1035-753: The chief banker of state government. As such, the state treasurer: The Office was retained as an elective office in the New Constitution of 1879, in recognition by the Workingman's Party (which factored heavily in the State's constitutional convention) that The Treasurer had a significant impact on local credit guidance under the National Bank system established by the Lincoln Administration. Transcontinental cash settlements were still restricted, so California's local development

1080-473: The collegial Government , whose members are all appointed and dismissed at the Prime Minister's sole discretion. Under the unwritten British constitution , the prime minister 's role has evolved, based often on the individual's personal appeal and strength of character, as contrasted between, for example, Winston Churchill as against Clement Attlee , Margaret Thatcher as against John Major . It

1125-641: The contests for one or two offices, we can not or do not inform ourselves sufficiently regarding the candidates for minor offices... If we can remedy this condition it is our duty to do so, and it is plain that the remedy is by limiting the elective list of offices to those that are naturally conspicuous. The creation of the Federal Reserve in 1913 significantly restricted the power of the State Treasurer to influence local economic development, essentially centralizing National Monetary policy. During

1170-591: The duties upon which I am about to enter. Governors take office on the first Monday after January 1 after their election. Two methods exist to remove a governor. The governor can be impeached for "misconduct in office" by the State Assembly and removed by a two-thirds vote of the State Senate . Petitions signed by California state voters equal to 12% of the last vote for the office of governor (with signatures from each of five counties equal to 1% of

1215-456: The government and provides (e.g. by turns) the ceremonial Head of state. The only state in which this system is currently employed is Switzerland but other countries such as Uruguay have employed it in the past . This system is described as the directorial system . See Head of state for further explanation of these cases. In parliamentary systems, government functions along the following lines: All of these requirements directly impact

1260-444: The government, and is answerable to at least one chamber of the legislature. Although there is often a formal reporting relationship to a head of state , the latter usually acts as a figurehead who may take the role of chief executive on limited occasions, either when receiving constitutional advice from the head of government or under specific provisions in a constitution. In presidential republics or in absolute monarchies ,

1305-453: The governor is away from the state: this agreement was violated when Mike Curb was in office, as he signed several executive orders at odds with the Brown administration when Brown was out of the state. Court rulings have upheld the lieutenant governor's right to perform the duties and assume all of the prerogatives of governor while the governor is out of the state. The lieutenant governor

1350-453: The head of government's role. Consequently, they often play a 'day to day' role in parliament, answering questions and defending the government on the 'floor of the House', while in semi-presidential systems they may not be required to play as much of a role in the functioning of parliament. In many countries, the head of government is commissioned by the head of state to form a government, on

1395-477: The head of state can also be the head of government as well ( ex officio or by ad hoc cumulation, such as a ruling monarch exercising all powers himself) but otherwise has formal precedence over the head of government and other ministers, whether he is their actual political superior (ruling monarch, executive president) or rather theoretical or ceremonial in character (constitutional monarch, non-executive president). Various constitutions use different titles, and even

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1440-411: The head of state is a figurehead whilst the head of the government leads the ruling party. In some cases a head of government may even pass on the title in hereditary fashion. Such titles include the following: In some models the head of state and head of government are one and the same. These include: An alternative formula is a single chief political body (e.g., presidium ) which collectively leads

1485-463: The head of state is also usually the head of government. The relationship between that leader and the government, however, can vary greatly, ranging from separation of powers to autocracy , according to the constitution (or other basic laws) of the particular state. In semi-presidential systems , the head of government may answer to both the head of state and the legislature with the specifics provided by each country's constitution. A modern example

1530-434: The head of state is the de jure dominant position does not mean that he/she will not always be the de facto political leader. A skilled head of government like 19th-century German statesman Otto von Bismarck , Minister President of Prussia and later Chancellor of Germany under Emperor / King Wilhelm I , serves as an example showing that possession of formal powers does not equal political influence. In some cases,

1575-488: The head of state may represent one political party but the majority in the National Assembly is of a different party. Given that the majority party has greater control over state funding and primary legislation , the president is in effect forced to choose a prime minister from the opposition party to ensure an effective, functioning legislature. In this case, known as cohabitation , the prime minister, along with

1620-474: The last vote for governor in the county) can launch a gubernatorial recall election . The voters can then vote on whether or not to recall the incumbent governor, and on the same ballot can vote for a potential replacement. If a majority of the voters in the election vote to recall the governor, then the person who gains a plurality of the votes in the replacement race will become governor. Only two governor recall attempts have ever gained enough signatures to make

1665-426: The level of the sovereign state (often without an actual head of state, at least under international law) may also be given an official residence, sometimes used as an opportunity to display aspirations of statehood: Usually, the residence of the heads of government is not as prestigious and grand as that of the head of state, even if the head of state only performs ceremonial duties. Even the formal representative of

1710-665: The massive expansion of the State Prison System in the 1980s. As California's population and economy expanded, the Local Agency Investment Fund became a significant market player, and the Office developed the capacity to bail out troubled corporations by buying up their bond issuances. Ivy Baker Priest stands out as the first woman to be elected to any California statewide office (from 1967 to 1975), having already served as Eisenhower's Treasurer of

1755-501: The permissible investment policies of Treasurer-administered pooled local investments. Although the Treasurer has nominal advisory authority over local debt issuance, the Treasurer was powerless to prevent local government entities such as Stockton or San Bernardino from falling into insolvency. Governor of California The governor of California is the head of government of the U.S. state of California . The governor

1800-476: The practical reality for the Prime Minister of Belgium and the Prime Minister of Finland . Other states however, make their head of government a central and dominant figure within the cabinet system; Ireland's Taoiseach , for example, alone can decide when to seek a parliamentary dissolution, in contrast to other countries where this is a cabinet decision, with the Prime Minister just one member voting on

1845-407: The range and scope of powers granted to the head of government. Some older constitutions; for example, Australia's 1900 text , and Belgium's 1830 text ; do not mention their prime ministerial offices at all, the offices became a de facto political reality without a formal constitutional status. Some constitutions make a Prime Minister primus inter pares ( first among equals ) and that remains

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1890-423: The relationship between that position and other state institutions, such as the relation between the head of state and of the legislature, varies greatly among sovereign states, depending largely on the particular system of the government that has been chosen, won, or evolved over time. In most parliamentary systems , including constitutional monarchies , the head of government is the de facto political leader of

1935-406: The same title can have various multiple meanings, depending on the constitutional order and political system of the state in question. In addition to prime minister, titles used for the democratic model, where there is an elected legislative body checking the head of government, include the following. Some of these titles relate to governments below the national level (e.g. states or provinces). In

1980-558: The suggestion. In Israel , while the Government is nominally a collegiate body with a primus inter pares role for the Prime Minister , the Israeli Prime Minister is the dominant figure in the executive branch in practice. The Prime Minister of Sweden , under the 1974 Instrument of Government , is a constitutional office with all key executive powers either directly at his or her disposal or indirectly through

2025-523: Was driven by a relatively high proportion of local gold reserve deposits. In 1907, the State Treasurer was instrumental in a massive expansion of credit to rebuild San Francisco after the 1906 Earthquake, however, at that time the Treasurer was essentially an office controlled by the railroads. In 1907, the expansion of California money supply led by the Treasurer selling bonds to build the Port of San Francisco seawall exposed liquidity problems due to corruption in

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