Michael Fitzgerald (Iowa 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]

Michael Fitzgerald
Fitzgerald in 2016
25th Treasurer of Iowa
In office
January 4, 1983 – January 1, 2023
Governor
Preceded byMaurice E. Baringer
Succeeded byRoby Smith
Personal details
Born (1951-11-29) November 29, 1951 (age 72)
Marshalltown, Iowa, U.S.
Political partyDemocratic
Children2
EducationUniversity of Iowa (BA)

Early life and early career

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Fitzgerald was born in Marshalltown, Iowa, in 1951. His parents, James and Clara, were farmers, first near State Center and later Colo. 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)

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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 advice 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 Iowan entrepreneurs to create or expand their business.[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

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State Treasurer of Iowa, 2022[8]
Party Candidate Vote percentage
Republican Roby Smith 51%
Democratic Michael L. Fitzgerald 49%
State Treasurer of Iowa, 2018[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 54%
Republican Jeremy Davis 42%
Libertarian Tim Hird 2%
State Treasurer of Iowa, 2014[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 53%
Republican Sam Clovis 44%
Libertarian Keith A. Laube 3%
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, 2002[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 55%
Republican Matthew Whitaker 43%
Libertarian Tim Hird 2%
State Treasurer of Iowa, 1998[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 55%
Republican Joan Fitzpatrick Bolin 43%
State Treasurer of Iowa, 1994[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 54%
Republican Jay Irwin 44%
Natural Law Party Elizabeth Koehler 2%
State Treasurer of Iowa, 1990[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 59%
Republican Burtwin L. Day 39%
Grassroots Party Derrick P. Grimmer 2%
State Treasurer of Iowa, 1986[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 58%
Republican John Nystrom 42%
State Treasurer of Iowa, 1982[8]
Party Candidate Vote percentage
Democratic Michael L. Fitzgerald 51%
Republican Maurice E. Baringer (Incumbent) 48%

Fitzgerald considered running for Governor of Iowa against Republican incumbent Terry Branstad in 2014[9] but decided against it.[10]

References

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  1. ^ a b c "The Treasurer's Office".
  2. ^ "Office of the Treasurer of State".
  3. ^ "College Savings Iowa".
  4. ^ "Invest in Iowa".
  5. ^ "LIFT: Linked Investments for Tomorrow".
  6. ^ "Election results 2022: Roby Smith defeats incumbent Michael Fitzgerald". 8 November 2022.
  7. ^ "Iowa's Fitzgerald now nation's longest-serving state treasurer". 7 January 2019.
  8. ^ a b c d e f g h i j k "Election Results & Statistics".
  9. ^ Petroski, William (August 23, 2013). "Fitzgerald will disclose if he's running for Iowa governor by Labor Day". Des Moines Register. Retrieved September 23, 2013.
  10. ^ Petroski, William (August 30, 2013). "Democrat Mike Fitzgerald rules out a run for Iowa governor". Des Moines Register. Retrieved September 23, 2013.
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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