Thomas W. Hayes

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Thomas W. Hayes was the 28th California State Treasurer. A Republican, he was nominated by Governor George Deukmejian to fill the vacancy created by the August 4, 1987 death of Democrat Jesse M. Unruh. He took office in 1989, upon confirmation by both houses of the California Legislature. He was Governor Deukmejian's second nominee; the first, Congressman Dan Lungren, had been refused confirmation by the State Senate. [1] In 1990, he won the Republican nomination for election to a term as state treasurer in his own right, defeating former Treasurer of the United States Angela "Bay" Buchanan (sister of Patrick J. Buchanan), [2] but was defeated in the general election by Democrat Kathleen Brown. [3]

California State Treasurer position in state government

The California State Treasurer is responsible for the state's investment and finance. The post has narrower responsibilities and authority than the California State Controller. Some of the responsibilities include issuing bonds and notes for the state, and trustee, as well as registrar and paying agent for all general obligation bonds and certain revenue bonds investment of temporarily idle state money. The administration of the state's budgets, financial analyses and planning, money allocation, and economic research is under the California Department of Finance.

George Deukmejian American politician

Courken George Deukmejian Jr. was an American politician who was the 35th Governor of California from 1983 to 1991 and Attorney General of California from 1979 to 1983. Deukmejian was the first and so far the only governor of Armenian descent of a U.S. state.

Jesse M. Unruh American politician

Jesse Marvin Unruh, also known as Big Daddy Unruh, was an American Democratic politician and the California State Treasurer.

Prior to his service as state treasurer, he had served as Auditor General of the State of California from 1979 to 1989. After leaving office as state treasurer in January 1991, he joined the administration of newly elected Governor Pete Wilson as its director of finance, serving from 1991 to 1993. Since then, he has worked in the private sector, with occasional forays into public service, most notably assisting Orange County with its finances after its notorious 1994 bankruptcy triggered by derivatives investments gone awry.

Orange County, California County in California, United States

Orange County is a county in the Los Angeles metropolitan area in the U.S. state of California. As of the 2010 census, the population was 3,010,232, making it the third-most populous county in California, the sixth-most populous in the United States, and more populous than 21 U.S. states. Its county seat is Santa Ana. It is the second most densely populated county in the state, behind San Francisco County. The county's four largest cities by population, Anaheim, Santa Ana, Irvine, and Huntington Beach, each have a population exceeding 200,000. Several of Orange County's cities are on the Pacific Ocean western coast, including Huntington Beach, Newport Beach, Laguna Beach, Dana Point, and San Clemente.

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  2. Ithaca College Press Release. "Conservative Activist Angela 'Bay' Buchanan to Speak at Ithaca College (March 22, 2002).
  3. The Sacramento Bee. "Two Routes to Shelley's Replacement: Will governor pick a caretaker or a strong GOP candidate? (February 6, 2005).

See also

Political offices
Preceded by
Elizabeth Whitney
State Treasurer of California
Succeeded by
Kathleen Brown