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Carlsbad City Treasurer

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City of Carlsbad

Carlsbad City Treasurer

This person manages the city's cash and investments. They report on Carlsbad's finances. The job is technical, not a policy role. The term is four years.

Incumbent Christian Peacox faces challenger Thomas E. Krouse for Carlsbad City Treasurer. This is a rematch of the Nov. 5, 2024 special election, which Peacox won. Whoever gets the most votes on November 3 wins, with no runoff.

The City Treasurer oversees Carlsbad's cash and investments and reports on the city's financial position -- a technical, non-policymaking role separately elected from the mayor and council. The term is four years.

This race has real history behind it. Craig Lindholm, an 11-year elected treasurer, retired effective June 14, 2024; Carlsbad's municipal code requires a special election when an elected official resigns with more than 25 months left in the term, which is what put the office on the Nov. 5, 2024 ballot for its unexpired two years. Peacox won that four-candidate special election and has served since December 2024; Krouse was one of the three candidates he beat. Now they're running again, head to head, for a full four-year term.

Christian Peacox

Christian Peacox is the incumbent Treasurer, elected in a Nov. 5, 2024 special election. In office, he updated the city's investment policy and created its first Investment Review Board. He filled Craig Lindholm's unexpired term and is now seeking his first full term.

Thomas E. Krouse

Thomas E. Krouse is an investment company CEO. This is his second run for Treasurer, after finishing behind Peacox in the 2024 election. He ran unsuccessfully for the California State Assembly in 2014, 2016, and 2018.

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A nonpartisan office: candidates do not run as Democrats or Republicans, and no party appears on the ballot.

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