Select Page

StateController

BettyYee

Since assuming the office of Controller 18 months ago, I and my team mind the store for California with experienced financial management and independent fiscal oversight that is effective, efficient, and transparent.

By the numbers, some major accomplishments to date include:

— $2.5 billion in public funds uncovered by my audit team subject to unallowed and wasteful uses.

$300 million-plus in unpaid death benefits in California my legal team compelled life insurance companies to pay the loved ones of deceased family members.

— $180 million paid by the Franchise Tax Board in refunds to 360,000 lower-income working households in the initial year of the CA Earned Income Tax Credit a Program.

$59 million paid to the state and $23 million in forgone claims against the state under beneficial terms of a legal settlement with a payroll modernization project vendor.

— Significant savings from not having to borrow externally to pay the state’s bills due to the focused diligence of my cash management team.

— Timely releases of the State of California Comprehensive Annual Financial Report for the fiscal years ended June 30, 2014 and June 30, 2015, by my accounting and financial reporting team, showing the State’s fiscal year each ending with a positive net position and containing no findings against the Controller’s office in ensuring the proper accounting and reporting of the State’s fiscal resources.

Yet more than the numbers:

— I am proud of the work of my team on the stakeholder-driven State Lands Commission Strategic Plan, the first ever adopted to guide the stewardship of our public trust lands.

— I am committed to leading the long overdue work on comprehensive tax reform to ensure sound fiscal management and encourage economic growth as outlined in the framework recently issued by my Council of Economic Advisors on Tax Reform.

— I am working to do all that is possible to sustain our pension funds for our public sector employees and educators and their beneficiaries, focusing on reducing costs, mitigating risks, and minimizing volatility through asset allocation, asset liability management, and corporate engagement.

Each day, I am inspired by the deep dedication and highest standards of professionalism exhibited by the staff team whom I have the privilege to lead.  There is much work yet to be done, and I hope I can count on your support.

Please make a contribution TODAY in the amount of $500, $250, $100, or $50 to sustain and build on the track record I have established thus far as¬†California’s chief fiscal officer and independent fiscal watchdog.

Thank you.

Sincerely,

Betty T. Yee

P.S. Please contribute TODAY. Thank you.

Paid for by Betty Yee for Controller 2018 – FPPC ID #1374814