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Democrat Governor Candidate John Chiang Tries to Hide His Socialist Values

Democrat Governor Candidate John Chiang Tries to Hide His Socialist Values

  . By Stephen Frank,  California Political News and Views Democrat State Treasurer John Chiang loves to talk with Republicans, meet with them, agree with them and smile at them.  Then, he returns to being a Socialist Democrat—like his idea for the State to create a bank to compete with private banks for loans and customers.  […]

Statement of California State Treasurer John Chiang on Governor Brown’s Signing Into Law Legislation to Put More Roofs Over the Heads of Californians

Statement of California State Treasurer John Chiang on Governor Brown’s Signing Into Law Legislation to Put More Roofs Over the Heads of Californians

SACRAMENTO –  California State Treasurer John Chiang today lauded state lawmakers and Gov. Edmund G. Brown Jr. for taking decisive steps to address the state’s long festering, 1.5 million-unit affordable housing deficit. “California’s housing shortage has rapidly multiplied, moving from a problem to a crisis to, now, a full-scale catastrophe,” said Chiang. “But with the governor’s […]

Statement of California State Treasurer John Chiang on Today’s Pension Fund Stabilization Announcement

Statement of California State Treasurer John Chiang on Today’s Pension Fund Stabilization Announcement

“California is presented with a unique opportunity to reduce its pension obligations by more than $11 billion over the next 20 years, without having to reach deeper into the pockets of taxpayers or the public workforce that serves them.  “Faced with the stark reality that the state is on a trajectory to increase its pension […]

California’s Time Deposit Program Provides ‘Competitive Advantage’

California’s Time Deposit Program Provides ‘Competitive Advantage’

A few years ago Paul Cultrera, the general manager of the Sacramento Natural Foods Co-op, began looking to finance construction of a $10 million, all-organic grocery store. Out of the blue, he got a call from a local community lender, Five Star Bank. “They came to us and said they were really interested in the […]

Chiang and County Treasurers Move to Stop ‘Pay-to-Play’ School Bond Campaigns

Chiang and County Treasurers Move to Stop ‘Pay-to-Play’ School Bond Campaigns

State Treasurer John Chiang and a coalition of county treasurers and tax collectors moved to stop questionable bankrolling of campaign activities in local bond election campaigns. Preying on school districts eager to win voter approval for bond elections, municipal finance firms, including bond counsel, underwriters, and financial advisors, are offering to fund or provide campaign […]

Treasury Buys $200 million in Green Bonds

Treasury Buys $200 million in Green Bonds

Purchase supports World Bank-backed energy and environmental projects California has finalized the purchase of $200 million worth of green bonds issued by the World Bank, state Treasurer John Chiang announced today. Proceeds from the sale will help the bank finance projects that meet specific criteria for low-carbon and climate-resilient growth; mitigate climate change or help […]

‘Significant Financings’ or Putting it on the State’s Credit Card

‘Significant Financings’ or Putting it on the State’s Credit Card

Editor’s Note: Make no mistake about it, these bonds and “financings” are putting debt on the State’s Credit Card. One day, they will have to be paid back.  Oh well, like Scarlet, let’s think about that tomorrow.  Treasurer John Chiang oversees several boards, commissions and authorities that award financing, tax credits, grants, loans, and other […]

Controller claims California’s Credit Rating Upgraded to Highest Level in 14 Years

Controller claims California’s Credit Rating Upgraded to Highest Level in 14 Years

Treasurer Chiang Comments on S&P’s Most Recent Statement on California’s Credit

Treasurer Chiang Comments on S&P’s Most Recent Statement on California’s Credit

State Treasurer John Chiang issued the following statement on Standard and Poor’s positive findings regarding California’s credit: “As a result of California’s demonstrated commitment to paying down billions of dollars in budget debt and depositing significant sums into its rainy day reserves, the Golden State’s credit score is on the verge of another upgrade,” announced […]

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

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

State Treasurer John Chiang today announced the successful sale of $1.09 billion in State general obligation bonds, which included the refinancing of approximately $1 billion in previously-issued bond debt. “This successful sale is a strong indicator that investors are bullish about the Golden State. From approval of a rainy day fund to aggressively paying down […]

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