Arizona's $11 Billion Fund: Nick Mansour (D) on the State Treasurer Race

Who should manage Arizona's $11 billion land endowment and the state's investments? Democratic candidate Nick Mansour explains what the State Treasurer does and why he wants to move the endowment toward an 80/20 stock-to-bond mix. ▶️ Watch the companion interview with Elijah Norton (R):    • Arizona's $11 Billion Fund: Elijah Norton ...   📺 Full series playlist: Arizona State Treasurer 2026: Candidate Interviews    • Arizona State Treasurer 2026: Candidate In...   This interview is part of Beyond the Sign's Arizona State Treasurer 2026 candidate interview series. We invited both candidates, Republican Elijah Norton and Democrat Nick Mansour, asked each the same core questions in the same format, and are releasing both interviews together on the same day. Guest: Nick Mansour, Democratic candidate for Arizona State Treasurer Hosted by Landon Ball (The Sears Group, West USA Realty) ⏱️ CHAPTERS 0:00 Why the Treasurer race matters 0:50 What does the State Treasurer do? 2:39 Meet Nick Mansour 5:04 60/40 vs. 80/20 allocation 9:55 Growing vs. protecting the fund 10:38 State trust land 12:45 ESA oversight 15:47 Working across party lines 18:41 Contrasts with his opponent 20:36 Favorite Arizona restaurants 22:55 Closing thoughts 23:22 Outro 🏛️ WHAT THE TREASURER DOES Nick separates the office's work into two parts: managing the state's day-to-day operating cash and investing the roughly $11 billion education endowment, formally the Permanent Land Endowment Fund. 📊 80/20 VS. 60/40 Nick explains the current 60/40 allocation, why he wants to move toward 80/20 and where his campaign's estimate of $3.6 billion in missed growth over 13 years comes from. 🌵 STATE TRUST LAND & PROP 123 With Prop 123's higher distribution expired and the rate back at 2.5%, he talks about raising the distribution with safeguards and getting more value from state trust land. 🎒 ESA OVERSIGHT He describes what he believes the treasurer can do on Empowerment Scholarship Account spending, including transparency on where the money goes, and his plan to curb waste. 🤝 ACROSS THE AISLE He describes working with the legislature whether Republicans or Democrats control it, talks about his endorsements and contrasts himself with his opponent. 🍽️ THE LIGHTER SIDE He shares his favorite spots in Tucson (Eegee's, El Charro) and Phoenix (Hillstone). 📌 CONTEXT: PROP 123 Prop 123, approved by Arizona voters on May 17, 2016, temporarily raised the annual State Land Trust distribution from 2.5% to 6.9% for fiscal years 2016–2025. The enhanced rate expired after June 30, 2025, and distributions reverted to 2.5% starting in FY2026, with the Legislature backfilling the difference from the General Fund. As of October 2026, renewal talks have stalled for a third legislative session and no renewal is on the Nov. 3, 2026 ballot. Sources: Arizona Constitution, Art. 10, Sec. 7; Joint Legislative Budget Committee; Arizona Capitol Times (July 9, 2026). 🌐 Learn more about Nick's campaign: mansourforarizona.com ⚖️ NOT AN ENDORSEMENT Beyond the Sign does not endorse any candidate. Both Arizona State Treasurer candidates were invited and asked the same core questions so voters can hear from each directly. Candidate statements are their own and have not been independently fact-checked by the show. Election Day is Tuesday, Nov. 3, 2026. 🔔 Subscribe to Beyond the Sign for Arizona business, real estate and civic conversations. 🎧 Prefer audio? Spotify: https://open.spotify.com/show/0qPTNsh... | Apple Podcasts: https://podcasts.apple.com/podcast/id... #NickMansour #ArizonaTreasurer #AZPolitics #Election2026 #BeyondTheSign