UPDATE: Garcia's 2026 Lt. Gov. committee timely filed its Form 410 on August 5 and it indicates the committee reached its "filing threshold" [receiving at least $2,000 in contributions] on August 1, 2019. [end UPDATE]

CA's current Lt. Governor (Eleni Kounalakis) was elected to her first of two allowed terms in 2018, meaning her second term would expire in 2026. CA's immediate previous Lt. Governor was Gavin Newsom (elected Governor in 2018.)

By filing paperwork for Lt. Governor in 2026, Garcia simultaneously signals LB campaign contributors (and potential LB opponents) that Garcia presumably plans to seek and raise money for a third term as Mayor in 2022, (an action that might deter some contributors to possible opponents. Although Garcia can't legally form a committee to begin collecting those sums until 2021, that's politically irrelevant, since he's signaled that he plans to seek re-election in 2022 unless other events intervene; it accomplishes the same goal of chilling potential contributors to 2022 opponents.)

In 2022, Garcia would benefit from Charter Amendment BBB (that he and City Auditor Laura Doud portrayed as a "good government" measure closing a "loophole") that erased LB's former write-in requirement for incumbent Mayors/Councilmembers seeking third terms. With BBB now in place, Council incumbents Dee Andrews and Al Austin are avoiding the former write-in requirement in seeking re-election in March 2020 and Garcia will avoid the write-in requirement in 2022.

Other speculated scenarios abound, as Garcia's 2026 Lt. Governor Committee title also may not tell the full story. Under state law, Garcia can subsequently create another committee to run for Lt. Governor in 2022 or some other state office by simply contributing sums from his "2026 Lt. Governor" committee to another future committee he creates (including a 2022 Mayoral campaign, which he can't legally created until 2021.)

Other political events may intervene. Some have speculated Garcia might accept a future appointment by Governor Newsom or run for Congress if incumbent Cong. Lowenthal steps down or perhaps receive an appointive DC position if a Democrat (including his presidential candidate endorsee Sen. Kamala Harris) is elected president in 2020.