American politician
Michael L. Fitzgerald (born November 29, 1951) is an American businessman and politician who served as the 25th Treasurer of Iowa from 1983 to 2023. A member of the Democratic Party , he was the longest-serving state treasurer in the United States .[ 1]
Early life and early career
Fitzgerald was born in Marshalltown, Iowa , in 1951. He graduated from Colo Community High School in 1970 and received his bachelor's degree in business administration from the University of Iowa in 1974. Fitzgerald worked as a marketing analyst for Massey Ferguson in Des Moines for eight years before being elected State Treasurer of Iowa in 1982.[ 1] [ 2]
State Treasurer (1983–2023)
As State Treasurer , Fitzgerald acted as Iowa's banker and chief financial officer.[ 1]
He served as the administrator of Iowa's 529 plan, formerly College Savings Iowa, which is a college savings advisory service.[ 3]
Fitzgerald administered the Invest in Iowa program, a series of auctions started in 1983 to invest state funds in Iowa financial institutions.[ 4] The Linked Investments for Tomorrow (LIFT) program, introduced in 1986, also provided capital to Iowa entrepreneurs to create or expand their businesses.[ 5]
Fitzgerald lost reelection in 2022 to Republican candidate Roby Smith .[ 6] He held office for 40 years, making him the longest-serving state treasurer in the United States .[ 7]
Electoral history
State Treasurer of Iowa, 2010[ 8]
Party
Candidate
Vote percentage
Democratic
Michael L. Fitzgerald
53%
Republican
David D. Jamison
47%
State Treasurer of Iowa, 2006[ 8]
Party
Candidate
Vote percentage
Democratic
Michael L. Fitzgerald
99%
Write-in
1%
State Treasurer of Iowa, 1998[ 8]
Party
Candidate
Vote percentage
Democratic
Michael L. Fitzgerald
55%
Republican
Joan Fitzpatrick Bolin
43%
State Treasurer of Iowa, 1986[ 8]
Party
Candidate
Vote percentage
Democratic
Michael L. Fitzgerald
58%
Republican
John Nystrom
42%
Fitzgerald once considered running for Governor of Iowa against Republican incumbent Terry Branstad in 2014. [ 9]
References
External links
Party political offices
Preceded by
Democratic nominee for Treasurer of Iowa 1982, 1986, 1990, 1994, 1998, 2002, 2006, 2010, 2014, 2018, 2022
Most recent
Political offices
Preceded by
Treasurer of Iowa 1983–2023
Succeeded by