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State Treasurer Fiona Ma Announces Sale of $299.6 Million in Bonds for State Water Project

State Treasurer Fiona Ma Announces Sale of $299.6 Million in Bonds  for State Water Project

SACRAMENTO – California State Treasurer Fiona Ma announced the competitive sale today of $299.6 million in California Department of Water Resources (DWR) water system revenue bonds to refinance certain State Water Project capital improvements, including a portion of the costs of the Oroville Dam Spillways Response, Recovery and Restoration Project. “These funds will be used […]

Treasurer John Chiang and Leading Papal Advisor on Climate Change Open State’s First Green Bonds Symposium

Treasurer John Chiang and Leading Papal Advisor on Climate Change Open State’s First Green Bonds Symposium

SANTA MONICA, THE MILKEN INSTITUTE – California State Treasurer John Chiang and world-renowned climate scientist Dr. Ram Ramanathan, Professor of Climate, Atmospheric Science & Physical Oceanography at Scripps Institution of Oceanography, delivered remarks today to environmental and financial experts at the California Green Bond Symposium in Santa Monica. Green bonds, have the potential to greatly increase […]

Statement of California State Treasurer John Chiang on Reforms to Board of Equalization

Statement of California State Treasurer John Chiang on Reforms to Board of Equalization

SACRAMENTO – “As a former chairman of the Board of Equalization, I can bear witness to how the only elected tax board in the nation has so much inherent potential to do good, but has too often of late been unable to tame its worst demons. “As our tax system grows more complex and unwieldy, California […]

California Job Tracker

California Job Tracker

California’s job market has continued to heal with spreading job growth and falling unemployment. As of January, 25 of the state’s 29 metropolitan areas had fully recovered from the job losses of the recession. The only four metropolitan statistical areas (MSA) that have not recovered are Hanford-Corcoran, Redding, Oxnard-Ventura-Thousand Oaks, and Yuba City. If job […]

Treasurer Releases Blueprint for Growth and Innovation

Treasurer Releases Blueprint for Growth and Innovation

First Biennial Report Outlines Plan to Improve Infrastructure, Government Efficiency State Treasurer John Chiang today released an extensive blueprint for fixing California’s dilapidated roads, bridges and other infrastructure. The report also takes on many of the seemingly-intractable problems facing Californians today, from its affordable housing shortage and emerging retirement security crisis to local government bankruptcy […]

California’s Poor Have Tech, Rich Have More

California’s Poor Have Tech, Rich Have More

By Allison Hata, David Prince, and Paul Thomas People care about the distribution of income and wealth, and these concerns lead to an evaluation of each revolution in information technology to see whether it helps the poor catch up with the rest of society, or whether it exacerbates the income and wealth divide. In The […]

Robust Housing Market Fuels Long-Distance Commuters

Robust Housing Market Fuels Long-Distance Commuters

Spotlight on Treasurer’s Office: New Opportunities for Electric Vehicle Charging Stations

Spotlight on Treasurer’s Office: New Opportunities for Electric Vehicle Charging Stations

The CalCheck Report: Update on California’s Economic Health

The CalCheck Report: Update on California’s Economic Health

By Lynn Reaser California’s economy continues to move forward, supported by a broad-based recovery. Ongoing advances in leisure and hospitality along with health care remain supportive, while a rebound in housing and construction and a surge in technology and innovation are providing a special thrust. California scored another strong jobs report in May, with nonfarm […]