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California treasurer wants state to study public bank option for pot businesses

California treasurer wants state to study public bank option for pot businesses

LOS ANGELES — California Treasurer John Chiang wants the state to consider creating a government-owned bank that could serve cannabis businesses, one of several recommendations aimed at helping bring …

Rating Agency Increases California’s Bond Rating To “High Grade”

Rating Agency Increases California’s Bond Rating To “High Grade”

The Upgrade By Fitch Is Sign of Confidence In State’s Fiscal Management California’s credit rating is heading up. Fitch Ratings Inc., one of three leading rating agencies, today announced that the Golden State’s general obligation debt now enjoys an AA- classification. The upgrade places our bonds in the coveted “high grade” category. The move by […]

ScholarShare Offers Matching Promotion to Celebrate National 529 Day

ScholarShare Offers Matching Promotion to Celebrate  National 529 Day

In celebration of National 529 Day, ScholarShare, California’s 529 college savings plan, will offer a one-day only “You Start It, We Match It” promotion to help families jump-start their college savings efforts.    Families who open a new ScholarShare 529 college savings account on Wednesday, May 25 will receive a matching deposit of $50 from […]

California Controller: Debt Issuance, Investments and Treasury Activities

California Controller: Debt Issuance, Investments and Treasury Activities

Debt Issuance California State and local governments issued a total of $42.7 billion in debt during the first seven months of 2015, a 25 percent increase from the same period in 2014, when $34.2 billion in debt was issued, according to data received by the California Debt and Investment Advisory Commission (CDIAC) as of August […]

California State Treasurer Chiang Announces Sale of $1.9 Billion in State Bonds

California State Treasurer Chiang Announces Sale of $1.9 Billion in State Bonds

Editor’s Note: Just think of these as I.O.U’s and we are the ones who will be paying them off. State Treasurer John Chiang today announced the sale of $1.9 billion in tax-exempt State of California general obligation bonds. “These bonds help strengthen our communities by helping to fund the construction of roads, schools and other […]