Bill Lockyer reelected California treasurer
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Treasurer Bill Lockyer was elected to another four-year term Tuesday, besting Republican Sen. Mimi Walters (R-Laguna Niguel), according to early vote results.
Lockyer, a former leader of the state Senate, served two terms as state attorney general. He was elected treasurer in 2006, opting to seek the post instead of challenging Gov. Arnold Schwarzenegger’s bid for reelection. Lockyer angered some Democrats by admitting that he voted for Schwarzenegger during the 2003 recall campaign.
The treasurer wields vast institutional power. He manages the sale of billions in bonds for state infrastructure projects, and sits on both of the state’s multibillion dollar pension boards.
Since becoming the state’s top fiscal officer, Lockyer has been critical of lawmakers in both political parties for their failure to pass responsible budgets. He still sits on a campaign war chest of more than $5 million.
-- Anthony York
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