Intersections: A Monthly Go-To for Reliable Facts and Analysis About California's Debt, Investments and Economy

Vol. 1, No. 1, Published May 6, 2015

 
Treasurer John Chiang shakes hands with Los Angeles Mayor Eric Garcetti at a Feb. 25 news conference focusing on plans to create more affordable housing in California.

Treasurer John Chiang meets with his Council of Economic Advisors on April 6.

In Case You Missed It

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Just in case you missed it, here's a summary of recent news from the Treasurer's Office:

April 22: Chiang Refinances $1 Billion of State Bonds, Saving Taxpayers More Than $180 Million

Treasurer John Chiang's refinancing of approximately $1 billion in previously-issued bond debt is expected to save taxpayers more than $180 million in debt service costs. Read the news release.

April 8: Chiang Kicks Off Task Force to Protect Bond Proceeds from Fraud

Treasurer John Chiang's new bond task force has started the process of developing best practices guidelines on the fiduciary care and use of State and local bond proceeds. Watch video of the Treasurer discussing his priorities, and learn more about the task force.

April 6: Treasurer John Chiang met with his Council of Economic Advisors. Learn more about the council.

March 26: Chiang Appoints Members to State Task Force on Bond Accountability

Treasurer John Chiang appointed 12 individuals to a special task force he commissioned to develop best practices guidelines on the fiduciary care and use of State and local bond proceeds. Read the news release.

March 18: Chiang Announces Tax Credits to Construct More Than 1,800 New Affordable Housing Units

Treasurer John Chiang announced awarding tax credits and tax-exempt bonds to 16 affordable housing projects in 12 counties that will add approximately 1,815 rental units to the housing market. Read the news release.

March 5: Chiang Completes $1.9 Billion Bond Sale With $198 Million in Taxpayer Savings

Treasurer John Chiang announced successfully completing the sale of $1.9 billion in State general obligation bonds, which included the refinancing of more than $1 billion in previously-issued bonds. The refinancing is expected to save taxpayers more than $198 million in debt service costs over the life of the refunded bonds. Read the news release.

February 25: Fitch Upgrades California's Credit Rating to A+

Fitch Ratings upgraded California's credit rating from "A" to "A+" just prior to California's issuance of $1.9 billion in general obligation bonds. Read the news release.

February 25: Treasurer Teams Up With Speaker to Address Affordable Housing Shortage

Treasurer John Chiang joined Assembly Speaker Toni Atkins and other prominent Democrats to introduce a bill package aimed at creating more affordable housing in California. Read the news release.

February 19: Treasurer Chiang Calls for More Diversity on Corporate Boards

Treasurer John Chiang renewed his call for more diversity in corporate board rooms. He called upon the California Public Employees' Retirement System and the California State Teachers Retirement System to take more steps to encourage change. Read the news release.

February 12: Treasurer Chiang, Senate Leader Plan Oversight Hearings into Bond Funds

Treasurer John Chiang is partnering with Senate President Pro Tempore Kevin de León to conduct legislative oversight hearings to ensure that monies raised through the sale of government bonds are safe from fraud, abuse, and mismanagement. Read the news release.

January 26: Treasurer Chiang Appoints Economic Advisory Council

State Treasurer John Chiang today named 11 economists to his Council of Economic Advisors. Treasurer Chiang, who previously served two terms as Controller, created the group back in 2007 as part of an initiative to collect the best information possible on California's financial health and economic trends. Read the news release

January 15: Treasurer Chiang Tackles State's Affordable Housing Crisis

State Treasurer John Chiang today announced that he is leading a six-month engagement with housing leaders and key stakeholders regarding California's growing affordable housing crisis. Read the news release.

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