Task Force on Bond Accountability

 

About the Task Force

Bond

The Task Force on Bond Accountability (TFBA), established by Treasurer John Chiang in February 2015, aims to increase transparency and ensure that monies raised through the sale of government bonds are safe from fraud, abuse, and mismanagement. Members are charged with developing best practices guidelines on the fiduciary care of bond proceeds that will be issued to all State and local government issuers of debt.

Video: Treasurer Chiang outlines task force goals

Data Summary

Below is a summary of State and local government debt issued in California from 2005 to 2014, the most recent year for which information is available. Data is provided by the Treasurerís California Debt and Investment Advisory Commission.

When it comes to debt issuance by purpose from 2005 to 2014, capital improvements and public works led the way with nearly $242 billion in issuances.  When considering all categories, a total of $720.1 billion in debt was issued.
Source: See related raw data in spreadsheet form

When it comes to debt issuance by type from 2005 to 2014, the State led the way with about $260.3 billion in issuances.  When considering all categories, a total of $720.1 billion in debt was issued by State and local entities.
Source: See the related raw data in spreadsheet form

Top 20 Debt Issuers, 2005-2014

Issuer Total
State of California $164,942,995,000
California Statewide Communities Development Authority $27,994,474,360
The Regents of the University of California $20,545,820,000
Los Angeles Unified School District $19,029,053,200
Los Angeles $16,920,767,340
California Health Facilities Financing Authority $15,443,810,000
California Department of Water Resources $13,749,355,000
Bay Area Toll Authority $13,149,960,000
California State Public Works Board $13,105,350,000
Los Angeles Department of Water and Power $11,531,932,225
Los Angeles County $9,221,024,215
California Housing Finance Agency $8,905,404,190
Golden State Tobacco Securitization Corporation $7,962,494,899
California Infrastructure & Economic Development Bank $7,671,211,489
San Francisco City and County Airport Commission $7,541,335,000
California Municipal Finance Authority $6,672,955,006
Los Angeles Community College District $6,092,067,543
Los Angeles County Metropolitan Transportation Authority $5,805,547,396
Metropolitan Water District of Southern California $5,749,665,000
San Francisco City and County Public Utilities Commission $5,726,215,000

Source: See the related raw data in spreadsheet form, including a full listing of all issuers

Top 20 School District Debt Issuers, 2005-2014

Issuer Total
Los Angeles Unified School District $19,029,053,200
San Diego Unified School District $4,472,435,522
San Francisco Unified School District $1,737,640,000
California School Boards Association Finance Corp $1,260,760,000
Poway Unified School District $1,234,859,347
West Contra Costa Unified School District $977,092,814
Irvine Unified School District $936,796,514
San Mateo Union High School District $920,132,858
Oakland Unified School District $890,240,000
East Side Union High School District $830,358,356
Long Beach Unified School District $796,657,292
San Jose Unified School District $775,257,986
Capistrano Unified School District $754,604,491
Sacramento City Unified School District $742,837,966
Corona-Norco Unified School District $737,320,413
Sequoia Union High School District $731,345,000
Golden Empire Schools Financing Authority $710,330,000
Stockton Unified School District $700,728,776
Santa Clara Unified School District $687,535,000
Mt Diablo Unified School District $663,631,188

Source: See the related raw data in spreadsheet form