Department of Economics

Randall Stone

  • Graduated: 1998
  • Field: Finance, Politics, University Professor

Randall Stone(opens in new window), who graduated in 1998 with a BA in economics and a BS in finance, is mayor of Chico(opens in new window) and the manager of Randall Stone Financial. Randall serves as a member of the Assessment Appeals Board of Butte County. He is also an adjunct professor of Finance at Chico State. Randall earned his Master’s in Public Administration with Distinction from Chico State in 2010.

He is a California Registered Investment Advisor (RIA)(opens in new window), holding Series 7 and 66 securities licenses and he is a registered fiduciary(opens in new window). He also holds a real estate broker and insurance license.

After graduation Randall opened his own financial firm, Randall Stone Financial(opens in new window) in Chico. While working in real estate and finance, he became interested in developing affordable housing throughout California. “As an affordable housing developer, I was responsible for managing development, financing, and entitlement processes for affordable housing projects and for administering proposed relocation plans, coordinating with social services groups for the developments, and functioning as the primary bookkeeper and financial manager of each development,” Randall stated in describing his duties.

Randall won a seat on the Chico City Council(opens in new window) in 2012, and the Council elected him mayor in 2019(opens in new window). As mayor Randall sets the agenda for bi-weekly Council meetings and represents the City in local, regional, and national meetings throughout the year.

Despite his heavy load, Randall finds time to volunteer. He is president of the Shalom Free Medical Clinic(opens in new window), a non-profit that provides medical services to those with no or little income. He is a Board Member of the League of California Cities(opens in new window), an organization that promotes and lobbies the state legislature for local control for cities throughout the state. Randall is also public information officer and board member of the Chico Running Club(opens in new window) and serves on the Safe Space Winter Shelter Board of Directors(opens in new window) which provides emergency shelter for people enduring homelessness. He co-founded Project Hope(opens in new window) of Butte County, an organization that provides support services for people undergoing breast cancer treatment.

“My education and research while studying Economics at Chico State has been central to my post baccalaureate work,” Randall stated in a recent email. “Whether it is identifying appropriate tax credit allocations for affordable housing, or recognizing Pareto optimality with community shelters, my education in the Economics Department at Chico State was pivotal in preparing me for the work I do today. I impart that education and experience in teaching roles as well.” (Last Updated 3/2/19)

Portrait of Randall Stone