Authority Members
Fiona Ma, CPA
State Treasurer
Background: Ms. Fiona Ma was elected California State Treasurer in November 2018. She previously served as Chair and Vice Chair of the California State Board of Equalization from 2015 to 2019, representing more than nine million taxpayers. There, she led historic reforms to increase efficiency and transparency at the agency. As a state legislator, she was the first and only Asian-American woman ever elected California Assembly Speaker pro Tempore, the second-highest ranking office in the Assembly. During her time as a legislator, she passed landmark legislation to ban toxic chemicals in children’s toys, protect small business-owners and expand opportunities for homeowners. She previously served as a San Francisco Supervisor.
Tony Thurmond
Superintendent of Public Instruction
Residence: Richmond, California.
Background: Tony Thurmond was sworn in as the 28th California State Superintendent of Public Instruction on January 7, 2019. Superintendent Thurmond is an educator, social worker, and public school parent, who has served the people of California for more than ten years in elected office. Previously, Superintendent Thurmond served on the Richmond City Council, West Contra Costa Unified School Board, and in the California State Assembly, representing District 15. Education is at the core of Superintendent Thurmond’s legislative record. He authored legislation that successfully expanded the free lunch program, bilingual education, and the Chafee Grant college scholarship program for foster youth. Additionally, Superintendent Thurmond’s legislation guaranteed preferential voting rights for student school board members, improved access to families for early education and childcare, and shifted millions of dollars directly from prisons to schools. Superintendent Thurmond introduced legislation to expand STEM education, improve school conditions for LGBTQ youth, and tax private prisons to fund early education and afterschool programs.
Joe Stephenshaw
Director of Finance
Joe Stephenshaw was appointed as Director of the California Department of Finance by Governor Newsom in July of 2022. In this role, he serves as the Governor’s Chief Fiscal Policy Advisor. Prior to his appointment, Stephenshaw served in Governor Newsom’s Office as a Senior Counselor on Infrastructure and Fiscal Affairs. Stephenshaw was Staff Director for the Senate Budget and Fiscal Review Committee from 2017 to 2022. He held multiple positions in the California Legislature from 2008 to 2017, including serving as a Policy Consultant in the Office of the Senate President pro Tempore, a Special Advisor to the Speaker of the Assembly, and as a Budget Consultant for both the Assembly Budget Committee and the Senate Budget and Fiscal Review Committee. Stephenshaw was a Budget Analyst for the California Department of Finance from 2005 to 2008. Stephenshaw is a graduate of Menlo College with a bachelor’s degree in Business Administration. He also earned a Master of Business Administration degree from California State University, Sacramento.