Libby Schaaf for Treasurer

Libby Schaaf for California State Treasurer 2026

Libby Schaaf for Treasurer 2026

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BARBARA BOXER, former US Senator

SCOTT WIENER, State Senator (SD-11)

DARRELL STEINBERG, Mayor of Sacramento

JESSE ARREGUIN, Mayor of Berkeley

SAM LICCARDO, former Mayor of San Jose

DAVID CHIU, San Francisco City Attorney

MICHAEL FRERICHS, Illinois State Treasurer &amp; President of National Association of State Treasurers*

TOBIAS READ, Oregon State Treasurer

LANDE AJOSE, Former Senior Policy Advisor for Higher Education to the Governor &amp; Chair, California Student Aid Commission*

KATE GORDON, Former Senior Advisor to United States Energy Secretary Grandholm &amp; Director of Governor&nbsp;Newsom's Office of Planning &amp; Research*

KIRAN JAIN, California Green Bond Market Development Committee*&nbsp;

MATT SCHWARTZ, President &amp; CEO California Housing Partnership*

JENNIFER PAHLKA, Good Government Pioneer, Author, "Recoding America: How Government is Failing in the Digital Age and How We Can Do Better"

MATT FRANKLIN, California Affordable Housing Leader

AMIE FISHMAN, Executive Director, Non-Profit Housing Association of Northern California*

AMANDA BROWN STEVENS, Executive Director Greenbelt Alliance*

HEATHER HOOD, California Affordable Housing Leader

GEETA ROA, Housing Policy Expert

JUDITH BELL, Impact Philanthropy Leader

STEVE KERR, Head Coach, Golden State Warriors*

RON CONWAY, Founder, SV Angel

DR. JIM MEYERS, former Alameda County Public Health Commissioner and Healthcare District Director*

SOKHOM MAO, former Chairman of the Citizens' Police Review Board of the City of Oakland*

JODY LONDON, former School Board President, Oakland Unified School District

BARBARA HALLIDAY, former Mayor of Hayward

CATHY ADAMS, President/CEO, Oakland African American Chamber of Commerce

Endorsements

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Lande ajose, Former Senior Policy Advisor for Higher Education to Gov. newsom*

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"I served as the executive of one of the largest cities in California, overseeing a multi-billion dollar budget and managing dozens of departments and programs. I'm running for Treasurer because I have the skills and experience to make a difference at the state level."- Libby Schaaf

<h2>As a former Big City Mayor, Libby knows what it takes to manage a massive public budget with responsibility, transparency, and accountability.</h2><img src="https://run.imgix.net/0324d526-f7fc-4afd-bed1-f852358878d8/3d5b53c8-ff5a-4c15-bda9-d0d3109b9717/3d5b53c8-ff5a-4c15-bda9-d0d3109b9717.jpeg?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=0%2C0%2C1200%2C960&amp;w=1500" alt="" title="" caption="" align="right" alignwidth="40" tiltdirection="left" variant="framed"><h4>Libby is running for California Treasurer to take those values statewide and manage California’s investments to improve public infrastructure, tackle our housing crisis, advance educational opportunity, and meet our climate goals.</h4>Libby served as Mayor of her hometown Oakland, from 2015-2023. During Libby’s tenure as Mayor, Oakland underwent an economic revitalization, saw its lowest 5-year period of gun violence on record, and became a national leader in the effort to lift children out of poverty. Fiscal responsibility was central to Libby’s administration, and she is proud to have created Oakland’s first Rainy Day Fund and achieved the city’s highest credit rating on record.Libby is a courageous leader. She stood up for immigrant families across California — and the nation — when she fought the Trump Administration for attacking California and our values. In 2018 she was named by Politico as one of the most influential voices in American politics.

"I know how to couple progressive values with fiscal responsibility.&nbsp;As Mayor of Oakland, I managed a multi-billion-dollar budget, created Oakland's first Rainy Day Fund, and raised the city's credit rating to its highest on record. I used financial tools to create Oakland’s first renewable bond program for infrastructure, climate, and affordable housing, and established a nationally recognized college savings program. As California’s Treasurer, I’ll bring my experience and passion to invest in a safe and sustainable future for all Californians."- Libby Schaaf

Learn more about Libby's accomplishments and stay up to date on the latest campaign news.

Libby in the News

Former Oakland Mayor <a target="_blank" rel="noreferrer noopener" href="https://www.libbyschaaf.com/">Libby Schaaf </a>has announced that she is running for California state treasurer in 2026. Schaaf, a Democrat who served as Oakland Mayor from 2015 until she was termed out in 2023, is the first candidate to enter the race.

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KRON4: Former Oakland Mayor Libby Schaaf announces run for state treasurer

Schaaf, who <a target="_blank" rel="noopener noreferrer nofollow" class="" href="https://www.sfchronicle.com/eastbay/article/libby-schaaf-oakland-mayor-17680172.php">led Oakland from 2015 to 2023</a>, said that as mayor she oversaw the city’s $3 billion public budget and has experience in responsible fiscal management. If elected, she said she plans to improve public infrastructure and educational opportunities, as well as tackling climate goals and the state’s housing crisis.

SF Chronicle: Former Oakland Mayor Libby Schaaf announces run for state treasurer in 2026

Former Oakland Mayor Libby Schaaf said she plans to run for state treasurer in 2026, vowing to simplify how California uses public funds to combat homelessness and build affordable housing.

Politico: Former Oakland Mayor Libby Schaaf will run for California treasurer

Libby Schaaf enters the race with unmatched experience as a public sector executive known for her fiscal responsibility, creative problem solving, and willingness to fight for a safe and sustainable California for all.&nbsp;Oakland, CA - Today, former Oakland Mayor Libby Schaaf announced she is running for California State Treasurer in 2026. Libby has already earned endorsements from former Senator Barbara Boxer, State Senator Scott Wiener, Sacramento Mayor Darrell Steinberg, Berkeley Mayor Jesse Arreguin, Illinois State Treasurer and President National Association of State Treasurers Michael Frerichs, Oregon State Treasurer Tobias Read, and many others.&nbsp;"I know how to couple progressive values with fiscal responsibility,” said Libby Schaaf. “As Mayor of Oakland, I managed a multi-billion-dollar budget, created Oakland's first Rainy Day Fund, and raised the city's credit rating to its highest on record. I used financial tools to create Oakland’s first renewable bond program for infrastructure, climate, and affordable housing, and established a nationally recognized college savings program. As California’s Treasurer, I’ll bring my experience and passion to invest in a safe and sustainable future for all Californians."Libby knows how to manage a public budget with responsibility, transparency, and accountability. Libby is running for California Treasurer to take those values statewide and manage California’s investments to improve public infrastructure, tackle our housing crisis, advance educational opportunity, and meet our climate goals.&nbsp;&nbsp;&nbsp;Libby served as Mayor of her hometown Oakland, from 2015-2023. During Libby’s tenure, Oakland underwent an economic revitalization, saw its lowest 5-year period of gun violence on record, and became a national leader in the effort to lift children out of poverty. Fiscal responsibility was central to Libby’s administration, and she is proud to have created Oakland’s first Rainy Day Fund and achieved the city’s highest credit rating on record.Libby stood up for immigrant families across California — and the nation — when she fought the Trump Administration for attacking California and our values. In 2018 she was named by Politico as one of the most influential voices in American politics.“I am so very pleased to endorse former Mayor Libby Schaaf for Treasurer of our great state,” said former Senator Barbara Boxer. “She has proven that she has the temperment, common sense and the dedication we so desperately need in elected office. I am grateful that she wants to continue her work for the people of California.”“Libby Schaaf is a courageous leader,” said State Senator Scott Wiener (SD-11). “I know she'll continue to be a powerful champion for housing and climate as California's Treasurer and use the office to invest in more sustainable, thriving communities.”"Libby did a great job leading one of the toughest cities in America and leading our coalition of Big City Mayors of California,” said Sacramento Mayor Darrell Steinberg. “We need more of that can-do talent in state government. From homelessness to infrastructure, Libby will deliver results with her deep technical expertise and front-line experience. I’m excited to endorse her for State Treasurer.”“I'm standing up for Libby for Treasurer because she boldly stood up for our immigrant communities and California's values every time Trump came to attack us,” said Jesse Arreguin, Mayor of Berkeley &amp; President, Association of Bay Area Governments*. “I've seen her inclusive leadership for our diverse Bay Area region. Californians will be well served with her as our Treasurer.”"I endorse Libby Schaaf because she digs in to try and solve our state’s most pressing problems,” said Lande Ajose, Former Senior Policy Advisor for Higher Education to Governor Gavin Newsom*. “She is knowledgeable about California's higher education and cradle-to-career systems, and deeply committed to using the Treasurer's role to make college a reality for more disadvantaged Californians. As Mayor of Oakland, I saw her grit and determination to create a community that offered equal opportunity for all; I'm excited to see her bring those qualities to benefit all Californians.""Libby is an authentic leader who listens to and works alongside all communities,” said Oakland NAACP President Cynthia Adams*. “Her passion for equity and educational access is unmatched. Her Oakland Promise initiative has put Oakland on the map and is making college a reality for generations of our kids to come. All Californians should benefit from her passion and effectiveness.""I'm endorsing Libby Schaaf for Treasurer because I've seen first-hand how boldly she champions economic opportunity and empowerment,” said Patrice Berry, Chief Impact Officer of End Poverty in California*. “Her commitment to racial equity and leadership in cradle-to-career and guaranteed income make me confident she'll work to make California more equitable and just.""I'm thrilled to support Libby Schaaf to be California's next Treasurer because she understands how public financing and savings tools can be used to advance the public good and a sustainable future for all Californians and our planet.” said Kiran Jain, California Green Bond Market Development Committee*.&nbsp;"I'm proud to endorse Libby Schaaf for Treasurer in 2026,” said Kate Gordon, Former Senior Climate Advisor to Governor Gavin Newsom &amp; US Secretary of Energy Jennifer Grandholm*. California faces complex climate risks and resilience challenges — as well as significant opportunities to lead in these areas. Libby is deeply grounded in the comprehensive, place-based solutions California will need to ensure a safe and sustainable future for all."“Libby Schaaf is the housing champion California needs in the Treasurer's Office to tackle the connected homelessness, affordability and climate challenges that plague our state,” said California affordable housing leader Matt Schwartz. “Her technical expertise and bold thinking is just what Californians need in our Treasurer.”All full list of Libby’s endorsements can be found here.&nbsp;*Titles for identification purposes only.&nbsp;More about Libby Schaaf:Libby knows how to harness the power of public finance to improve quality of life. She created Oakland’s first renewable bond program, which doubled affordable housing, fixed&nbsp; pothole-riddled roads, advanced Oakland’s climate goals, and improved libraries and parks.&nbsp;The program helped Libby exceed the ambitious goals of her “17k/17k” Housing Plan by creating more than 17k new homes — Oakland’s largest building boom this century — doubling affordable housing, and protecting more than 17k low-income tenants from displacement. It also helped Oakland end wasteful contracting-out for road repairs and break all-time records (twice!) for most miles of roads repaved.Libby helped create the Bay Area Housing Finance Authority, the first of its kind in California, and was first to be appointed Chair of its Oversight Committee. Governor Gavin Newsom appointed Libby to California’s first Council of Regional Homeless Advisors, and she Co-Chaired the national organization Mayors &amp; CEOs for US Housing. She received the Bay Area Housing Hero Award in 2020.&nbsp;Libby currently serves as HUD’s appointee to the Metropolitan Transportation Commission and Bay Area Housing Finance Authority. In 2023 she taught Public Budgeting &amp; Finance for Policymakers at UC Berkeley’s School of Public Policy.Libby is a climate leader. She was featured extensively as a Local Climate Leader at the COP21 Climate Accords in Paris and COP27 in Egypt, and at the United Nations’ Habitat III in Quito, which created the International Sustainable Development Goals (SDGs). She currently serves on the California Green Bond Market Development Committee and Climate Migration Council. As mayor, she fought coal shipments from Oakland and oversaw the 2030 Oakland Equitable Climate Action Plan.Libby created a nationally recognized cradle-to-career college savings program, The Oakland Promise. She raised a $50 million investment fund and led a $1 billion voter-approved revenue measure that will ensure the next generation of Oakland’s children will have affordable pre-school, college savings accounts, scholarships, and persistence support to get them to and through a college degree or trade certificate, prepared for a living-wage career. Her leadership was recognized by the Harvard Graduate School of Education with a Senior Fellowship in 2023.Libby is a champion for equity and opportunity. She oversaw the creation of Oakland’s first Department of Race &amp; Equity, which infused racial equity into everything from road repairs, to cannabis permits, to the Budget. Libby is a founding member and Senior Fellow at Mayors for a Guaranteed Income to close the racial wealth gap. After launching Kiva Oakland, she served on the national advisory board of Kiva US, an innovative micro financing platform for small businesses. In 2023, Libby became Interim Executive Director of Emerge California, which seeks to change the face of power by recruiting and training Democratic women to run for office.&nbsp;Prior to serving as Mayor, Libby served as an Oakland City Councilmember, Senior Economic Development Policy Advisor to the City Council, Director of Public Affairs at the Port of Oakland, and Special Assistant to Mayor Jerry Brown. She holds a B.A. from Rollins College and a J.D. from Loyola Law School.&nbsp;Libby lives in Oakland with her husband Sal, and their two children.Additional campaign updates will be available at <a target="_blank" rel="noopener noreferrer nofollow" href="http://LibbySchaaf.com">LibbySchaaf.com</a>.&nbsp;###

Libby Schaaf enters the race with unmatched experience as a public sector executive known for her fiscal responsibility, creative problem solving, and willingness to fight for California’s most marginalized communities.&nbsp;

Former Oakland Mayor Libby Schaaf Announces Campaign for State Treasurer in 2026

Oakland’s former mayor was named interim executive director at Emerge California, an incubator for women leaders in the Democratic Party.

Libby Schaaf to lead nonprofit developing women politicians

Outgoing Oakland Mayor Libby Schaaf touted the expansion of affordable preschool for the city’s children most in need of it, in her final news conference on Wednesday.

Outgoing Oakland Mayor Libby Schaaf Touts Start of Voter-Approved Measure to Fund Early Education

Oakland Mayor Libby Schaaf on Wednesday rolled out the city's universal preschool initiative – one of her last acts before leaving office in less than two weeks.

Oakland Mayor Schaaf rolls out universal preschool plan before leaving office

Oakland Mayor Libby Schaaf pledged Monday to house 1,500 homeless residents and build 132 new units of permanent affordable housing in 16 months.

Oakland pledges to house 1,500 homeless residents in 16 months as part of federal push

Libby Schaaf’s career—first as an attorney, then running a nonprofit, and now as mayor of Oakland—is the journey of a cross-sector leader.

Profile: Oakland Mayor Libby Schaaf

An insightful image

<h3>Public Finance, Housing &amp; Infrastructure</h3><img src="https://run.imgix.net/0324d526-f7fc-4afd-bed1-f852358878d8/655608c4-08ae-4fbf-b9da-871a769d1e54/5b360e0e-d2ec-427a-a95f-2d34b7346f45.webp?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=0%2C0%2C4096%2C2730&amp;w=1500" alt="" title="" caption="" align="left" alignwidth="40" tiltdirection="left" variant="framed">Libby knows how to harness the power of public finance to improve your quality of life. She created Oakland’s first renewable bond program, which doubled affordable housing, fixed&nbsp; pothole-riddled roads, advanced Oakland’s climate goals, and improved libraries and parks.&nbsp;The program helped Libby exceed the ambitious goals of her “17k/17k” Housing Plan by creating more than 17k new homes — Oakland’s largest building boom this century — doubling affordable housing, and protecting more than 17k low-income tenants from displacement. It also helped Oakland end wasteful contracting-out for road repairs and break all-time records (twice!) for most miles of roads repaved.Libby helped create the Bay Area Housing Finance Authority, the first of its kind in California, and was first to be appointed Chair of its Oversight Committee. Governor Gavin Newsom appointed Libby to California’s first Council of Regional Homeless Advisors, and she Co-Chaired the national organization Mayors &amp; CEOs for US Housing. She received the Bay Area Housing Hero Award in 2020.&nbsp;Libby currently serves as HUD’s appointee to the Metropolitan Transportation Commission and Bay Area Housing Finance Authority. In 2023 she taught Public Budgeting &amp; Finance for Policymakers at UC Berkeley’s School of Public Policy.<h3>Leadership on Climate, Education &amp; Equity</h3><img src="https://run.imgix.net/0324d526-f7fc-4afd-bed1-f852358878d8/35a071bc-4fb5-498c-905c-cde00b5f946b/3ae4123c-bea8-46b2-9f7a-581dc6f34215.webp?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=0%2C0%2C4096%2C2612&amp;w=1500" alt="" title="" caption="" align="right" alignwidth="40" tiltdirection="left" variant="framed">Libby is a climate leader. She was featured extensively as a Local Climate Leader at the COP21 Climate Accords in Paris and COP27 in Egypt, and at the United Nations’ Habitat III in Quito, which created the International Sustainable Development Goals (SDGs). She currently serves on the California Green Bond Market Development Committee and Climate Migration Council. As mayor, she fought coal shipments from Oakland and oversaw the 2030 Oakland Equitable Climate Action Plan.<img src="https://run.imgix.net/0324d526-f7fc-4afd-bed1-f852358878d8/1979bd70-bc28-4e9c-bc87-d1c3b44c56cd/4b588a7c-703b-43f2-a8b3-8898bd34568f.webp?ixlib=js-3.8.0&amp;bri=0&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=0%2C0%2C4096%2C2926&amp;w=1500" alt="" title="" caption="" align="left" alignwidth="40" tiltdirection="left" variant="framed">Libby created a nationally recognized cradle-to-career college savings program, The Oakland Promise. She raised a $50 million investment fund and led a $1 billion voter-approved revenue measure that will ensure the next generation of Oakland’s children will have affordable pre-school, college savings accounts, scholarships, and persistence support to get them to and through a college degree or trade certificate, prepared for a living-wage career. Her leadership was recognized by the Harvard Graduate School of Education with a Senior Fellowship in 2023.Libby is a champion for equity and opportunity. She oversaw the creation of Oakland’s first Department of Race &amp; Equity, which infused racial equity into everything from road repairs, to cannabis permits, to the Budget. Libby is a founding member and Senior Fellow at Mayors for a Guaranteed Income to close the racial wealth gap. After launching Kiva Oakland, she served on the national advisory board of Kiva US, an innovative micro financing platform for small businesses. In 2023, Libby became Interim Executive Director of Emerge California, which seeks to change the face of power by recruiting and training Democratic women to run for office.&nbsp;<img src="https://run.imgix.net/0324d526-f7fc-4afd-bed1-f852358878d8/eb424b6f-956e-4abf-81f9-9af9843744fb/9469a4f6-eb22-4ff7-b941-9ac675621fc5.webp?ixlib=js-3.8.0&amp;bri=-6&amp;con=0&amp;sat=0&amp;high=0&amp;shad=0&amp;usm=0&amp;rect=0%2C0%2C4096%2C3308&amp;w=1500" alt="" title="" caption="" align="right" alignwidth="40" tiltdirection="left" variant="framed">Prior to serving as Mayor, Libby served as an Oakland City Councilmember, Senior Economic Development Policy Advisor to the City Council, Director of Public Affairs at the Port of Oakland, and Special Assistant to Mayor Jerry Brown. She holds a B.A. from Rollins College and a J.D. from Loyola Law School.&nbsp;Libby lives in Oakland with her husband Sal, and their two children.

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Libby in the News

KRON4: Former Oakland Mayor Libby Schaaf announces run for state treasurer

SF Chronicle: Former Oakland Mayor Libby Schaaf announces run for state treasurer in 2026

Politico: Former Oakland Mayor Libby Schaaf will run for California treasurer

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