Raymond’s·Ballot
Tom Steyer
NYC Climate Week 2025 / Wikimedia Commons
DemocraticProgressive · Bay Area

Tom Steyer

Founder, NextGen America

Billionaire climate organizer turned self-funded gubernatorial candidate.

Official campaign site ↗
Born
1957
Hometown
San Francisco
Polling avg
15%
Raised
$52.0M
Signature issue
Climate & Environment
The case for Steyer

Steyer pitches a state-level Green New Deal funded by his own checkbook, arguing only an outsider with money can break the donor class's grip on Sacramento.

A former hedge fund founder turned climate philanthropist, Steyer founded NextGen America and ran an unsuccessful 2020 Democratic presidential bid. He has now poured tens of millions into his California campaign, neutralizing his rivals' fundraising advantages and saturating TV markets with climate-and-cost-of-living spots.

Strengths
  • +Self-funded — no fundraising ceiling
  • +Best-organized climate-voter operation in the state
  • +Polling neck-and-neck with Hilton for the second runoff slot
Challenges
  • Billionaire framing complicates populist messaging
  • No prior elected office at any level
  • His 2020 presidential bid faded after early-state spending sprees
Issue-by-issue

Where Steyer stands on the eight issues

Housing & Cost of Living

Supports
Green-build housing at scale

Wants the state to act as a developer-of-last-resort for affordable housing on public land, paired with construction-trades wage floors and electrification mandates for new builds.

Homelessness

Supports
Housing-first with billions in new spending

Proposes a $25B state homelessness bond focused on permanent supportive housing tied to behavioral-health services.

Climate & Environment

Strongly supports
Net zero by 2035 — the field's most aggressive

Wants to move California's carbon-neutrality date forward a full decade and create a state Green Bank that finances rapid grid decarbonization.

Healthcare

Strongly supports
Single-payer with self-funded campaign cover

Most explicit single-payer supporter in the top tier of the field. Argues his independence from healthcare donors lets him push reforms others won't.

Education

Supports
Universal pre-K and climate curriculum

Supports universal pre-K, full TK rollout, and climate-science requirements in K-12 standards.

Public Safety

Mixed
Mental-health-first response

Wants to expand non-police crisis response and gun-violence prevention; cautious on rolling back recent retail-theft penalties.

Immigration

Strongly supports
Defend immigrant California, expand workforce

Pledges to challenge federal deportation efforts and expand state-funded legal aid; frames immigration as climate adaptation policy.

Economy & Taxes

Strongly supports
Tax the very rich (including himself)

Backs a millionaire surtax to fund climate, housing, and homelessness investment — and notes he would pay it.

In context

How Steyer stacks up

Full comparison →
Polling
Hilton
16%
Steyer
15%
Bianco
11%
Porter
10%
Becerra
8%
Villaraigosa
6%
Mahan
4%
Thurmond
3%
Fundraising
Steyer
$52.0M
Porter
$8.4M
Becerra
$6.8M
Hilton
$6.6M
Villaraigosa
$6.2M
Mahan
$3.5M
Bianco
$2.8M
Thurmond
$2.1M
Other candidates in the field