Republican incumbent Kimberly Yee has defeated Democratic challenger Martín Quezada in the race for state treasurer.
Latest numbers show she has nearly a 12 point lead.
On Sunday morning, Quezada congratulated Yee on her reelection. Yee maintains the largest vote gap across all Arizona races at about 280,000 ahead of Quezada.
Yee was elected to the position in 2018. She was the first Asian woman elected to the Legislature and a statewide office in Arizona.
Yee attempted to run for governor but dropped out and started running for the fiscal office in January.
The state treasurer is in charge of banking and investment management for Arizona, and manages the Permanent Land Endowment. The majority of those funds go to K-12 public schools.
