State treasurer candidate Elijah Norton courts Yuma voters ahead of primary
Elijah Norton stopped in Yuma to pitch his investment background, saying Arizona’s treasurer should target waste and steer public money away from risky bets.
Elijah Norton brought his pitch for Arizona treasurer to Yuma this week, telling voters he would manage state money like an investor and police spending for waste, fraud and abuse. His background in finance sets him apart in the July 21 primary, where he faces Katherine Haley and Nick Mansour.
Norton has overseen 32 billion dollars in assets and runs a global insurance company with more than 100 million dollars in claims reserves. He cast the treasurer’s job as a test of discipline, arguing that poor investment choices can push taxes higher while better management could leave room to cut taxes or put money back to work.
The Arizona State Treasurer’s Office handles the state’s banking and investment management duties, provides investment services to local governments and exclusively manages the Permanent Land Endowment, which had an approximate fair market value of 11.1 billion dollars as of June 30, 2026. The Local Government Investment Pool is designed to give participating governments 100% liquidity.
Treasurer Kimberly Yee oversees cash management for Arizona’s 64.7 billion dollar state budget, and assets under management have grown from 15.4 billion dollars when she took office in January 2019 to 34.5 billion dollars today.
Norton wants a DOGE-style audit of Arizona’s finances, including the state’s investment portfolio and where taxpayer dollars are deployed. He wants the state to avoid companies tied to DEI or ESG policies and focus instead on the safest companies for taxpayers. In a campaign announcement last year, Norton also proposed a constitutional amendment that would shift auditor general oversight to the state treasurer.
Norton, Haley and Democrat Nick Mansour are in the contest. Haley is an Arizona native and small business owner with more than two decades of experience in public policy, financial stewardship and accountability. She has Yee’s endorsement. Norton founded RED Auto Protection in 2011 and Veritas Global Protection Services in 2019.
The primary is less than a week away.
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