Arizona Treasurer Race Pits Norton Against Mansour
Republican Elijah Norton and Democrat Nick Mansour, both business executives, compete to lead the office that manages state revenue.
Updated on Nov. 3, 2026 in Elections

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Should state investment funds be restricted based on companies' social or diversity policies?
Arizona voters decide control of the state Treasurer's Office in the November 3 general election, with Republican Elijah Norton facing Democrat Nick Mansour. Unofficial results are expected the evening of November 3 and remain unofficial until local and state officials certify them.
Why it matters
The Treasurer's Office collects taxes and manages state revenue, and the winner takes office in January. Republicans seek to keep the office under GOP control, as they did in 2022.
Norton's campaign spent about $4 million as of late September, 90% of it financed through his own loans, while Mansour raised and spent over $1 million. Final vote totals remain unknown until results are certified after the November 3 election.
The players
Elijah Norton
Elijah Norton is a Republican car insurance executive and former treasurer of the Arizona Republican Party.
Nick Mansour
Nick Mansour is a Democratic entrepreneur with a real estate investment background who previously chaired the Arizona College of Nursing.
Turning Point Action
Turning Point Action is a conservative political organization that endorsed Elijah Norton in the treasurer race.
The details
Norton, a car insurance executive endorsed by Turning Point Action, proposed divesting state investments from companies with hiring diversity quotas. Mansour, an entrepreneur with a real estate investment background, proposed increasing the state's stock holdings in the state land trust.
Timeline
September 23: Televised debate between Mansour and Norton.
Late September: Campaign fundraising totals reported by records.
November 3: General election and unofficial results expected.
January: Winner of the election takes office.
Political Context
Republicans are seeking to keep the Treasurer's Office under GOP control, as they did in 2022. Norton's campaign pitched restricting investments to protect against what it called 'woke and leftist causes.'
The winner will oversee collection of state taxes and management of state revenue starting in January. Voters' choice affects how state investments are structured, including proposals to divest from companies with diversity hiring quotas.
The takeaway
The treasurer race shows how state financial offices can become focal points for broader debates over investment policy and political values. Voters weighing the candidates can compare their stated approaches to state investments and revenue management.
What happens next
Official certification of the November 3 results will determine the final outcome before the winner takes office in January.
Further reading
For more on how state offices are contested, see Arizona Elections coverage.
Live Poll
Should state investment funds be restricted based on companies' social or diversity policies?









