As
State Treasurer, Fitzgerald acted as Iowa's banker and chief financial officer. Fitzgerald administered the Invest in Iowa program, a series of auctions started in 1983 to invest state funds in Iowa financial institutions. The Linked Investments for Tomorrow (LIFT) program, introduced in 1986, also provided capital to Iowa entrepreneurs to create or expand their businesses. Fitzgerald lost reelection in
2022 to
Republican candidate
Roby Smith. He held office for 40 years, making him the longest-serving
state treasurer in the
United States. ==Electoral history==