Shane Goldmacher is a former reporter for Capitol Weekly. He is a graduate of UC Berkeley, where he served as editor of the Berkeley Political Review.

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  • National NAACP bucks CA chapter, backs tobacco tax initiative
  • NAACP's Huffman assailed for tobacco, telecom payments
  • Schwarzenegger targets the 'ElimiDate Voter'
  • Legislators tap Sacramento interests for campaign cash
  • New York developer's eminent-domain crusade comes to California
  • Schwarzenegger's election-year olive branches
  • Dems, Gov. tapped same spots for campaign cash
  • Schwarzenegger has a special interest in Capitol-area money
  • Schwarzenegger's million-dollar woman
  • The kings and queens of the California political quotation
  • All about Phil: Angelides is strategist in own campaign
  • "Women of the year" married to men of Legislature
  • With new law, chase for campaign cash becomes family affair
  • High school student gives governor $44,600
  • Going to interview with CTA? Be sure to look into the camera
  • David Crane: Arnold's other Democratic adviser
  • The rise of the blogs: How the GOP uses the Web to organize

  • 1A: 76.9-23.1
    1B: 61.3-38.7
    1C: 57.4-42.6
    1D: 56.6-43.4
    1E: 64-36
    83: 70.6-29.4
    84: 53.7-46.3
    85: 45.9-54.1
    86: 48-52
    87: 45.2-54.8
    88: 23-77
    89: 25.5-74.5
    90: 47.6-52.4

    U.S. Sen.
    Feinstein 59.7
    Mountjoy 34.9
    Schwarzenegger 55.8
    Angelides 39.2
    Lt. Gov
    Garamendi 49.5
    McClintock 44.9
    Atty. Gen.
    Brown 56.7
    Poochigian 37.9
    Sec. of state
    Bowen 48.5
    McPherson 44.7
    Lockyer 54.8
    Parrish 37
    Chiang 50.9
    Strickland 40.1
    Insur. Comm.
    Poizner 50.7
    Bustamante 38.9

    For complete election results click here.

    Angelides 48.2
    Westly 43.1
    Lt. Gov
    Garamendi 42.9
    Speier 39.3
    Figueroa 17.8
    Atty. Gen.
    Brown 63.2
    Delgadillo 36.8
    Sec. of state
    Bowen 61.1
    Ortiz 38.9
    Parrish 56.4
    Richman 43.6
    Democratic primary
    Chiang 53.4
    Dunn 46.6
    Republican primary
    Strickland 40.9
    Maldonado 36.9
    Insur. Comm.
    Bustamante 70.5
    Kraft 29.5
    Supt. of Schools
    O'Connell 52.5, avoids run-off

    For complete election results click here.

    73: 47.4-52.6
    74: 45-55
    75: 46.6-53.4
    76: 38-62
    77: 40.5-59.5
    78: 41.5-58.5
    79: 38.9-61.1
    80: 34.3-65.7

    For complete election results click here.

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    Monday, October 31, 2005

    State Treasurer

    Term-limited musical chairs continues. The current state treasurer, Phil Angelides, is running for governor. The current attorney general, Bill Lockyer, is running for treasurer.

    State Treasurer is a potentially powerful statewide office, with elected official sitting on both the CalPERS (state pensions) and CalSTRS (teacher pensions) board. Those both rank as two of the largest investment funds in the country and wield substantial political clout (currently pushing for divestment from the Sudan). Angelides, with his long-time open aspirations to be governor, has done much to consolidate power for the office and keep it (at least relatively) in the limelight. Whoever becomes the next treasurer will benefit from Angelides’ efforts.

    The Democrats

    Meet Bill Lockyer, the Democratic nominee for treasurer. Lockyer, the current attorney general, had been expected to make a run for governor next year, but in April he abruptly pulled out of that race and announced his candidacy for treasurer.

    He brings with him a $10 million campaign kitty.

    Lockyer’s arrival in the primary sent fellow Democrats scurrying. Sen. Joe Dunn of Garden Grove, Assemblyman Dario Frommer of Los Feliz and John Chiang, a member of the Board of Equalization, all packed their bags and moved to the race for controller—where no candidate had already won a statewide race and had a bulging $10 million budget.

    According to the secretary of state, there is still one other declared Democratic candidate running for treasurer: Los Angeles County Treasurer Mark Saladino. But he has only raised $66,000—and none since March.

    Lockyer will make for formidable general election opponent. Eight years as attorney general helps his name recognition, and the experience of winning two successful down-ticket statewide races can’t possibly hurt.

    And, of course, neither will $10 million.

    The Republicans

    In late October, columnist Dan Weintrab broke the story on his blog that 2002 GOP gubernatorial nominee Bill Simon was dropping out of the race for treasurer. His departure leaves the race for the Republican nomination for treasurer without a frontrunner—and gives Lockyer a big advantage in the general election.

    In a letter to supporters, Simon said that the decision to bow out of the race was “not a political decision, but a personal one.”

    Perhaps. But the decision certainly has political ramifications. In a letter from treasurer candidate Assemblyman Keith Richman of the San Fernando Valley, posted on the FlashReport, Richman openly writes that, "This news benefits my campaign.” Richman is termed out of the Assembly and was the author of what Gov. Schwarzenegger had hoped would be his pension reform proposal earlier this year.

    That measure was scrapped, but the governor has vowed to address pension reform next year. That added publicity can only help Richman, who is likely to lobby hard for a Schwarzenegger endorsement with Simon out of the race.

    Richman is known around Sacramento as a moderate Republican who does not necessarily toe the party line—which may make him a more popular general election candidate, but serve as a hindrance in the primary.

    With the departure of Simon and his $1 million campaign account, Richman has the biggest bank among Republicans, with more than $407,000 as of June 30.

    The other declared candidate is Claude Parrish, who is a member of the Board of Equalization. Parrish has raised more than $223,000 and, like Richman, immeasurably benefits from Simon’s departure.

    Some Republican activists are hoping for another candidate to jump into the race—one with a higher name ID and a big campaign chest (or a self-funder). There are a couple of Republican races for statewide office where two better-known candidates will face off in the primary. It is entirely possible that one will jump into the treasurer’s race.

    Candidate:Bill Lockyer
    Party: Democrat
    Current Job: Attorney General
    Cash on Hand: $10,850,986.88, as of June 30.
    Consultant: Bill Carrick
    Campaign website

    Candidate: Keith Richman
    Party: Republican
    Current Job: Assemblyman
    Cash on Hand: $407,605.07, as of June 30.
    Campaign website

    Candidate: Claude Parrish
    Party: Republican
    Current Job: Board of Equalization Member
    Cash on Hand: $223,650.75, as of June 30.
    Campaign website

    Candidate: Mark Saladino
    Current Job: Treasurer, Los Angeles
    Cash on Hand: $66,434.08, as of June 30.
    Campaign website

    Candidate: Bill Simon
    Party: Republican
    Current Job: 2002 GOP Nominee for Governor
    Cash on Hand: $1,066,182.45, as of June 30.

    Comments on "State Treasurer"


    Anonymous Anonymous said ... (1:11 PM) : 

    The Legislative version of Proposition 76 was ACA 4 X1, carried by Assemblyman Rick Keene of Chico. Richman carried the pension reform legislation....


    Blogger Shane Goldmacher said ... (3:39 PM) : 

    This comment has been removed by a blog administrator.


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