October 13, 2012
Vol. 28 , No. 01
View Entire Issue (Vol. 28 , No. 01)
Leadership and Accountability for California
MONDAY, SEPTEMBER 24, 2012
LUNCHEON 11:30 a.m.; LECTURE 12:00 p.m.
John Chiang was first elected in November 2006 to serve as Controller of the State of California, the ninth-largest economy in the world. He was elected to serve a second term in November 2010. Controller Chiang has made significant progress in making the State’s finances more transparent and accountable to the public and to weed out waste, fraud and abuse of public funds. His aggressive audits have identified more than $3 billion in taxpayer dollars that were denied, overpaid, subject to collection, or resulted in revenues, savings and cost avoidance.
As Controller during the worst economic downturn since the Great Depression, Chiang orchestrated ways to preserve cash to meet obligations to education and bond holders. His cash management was cited by rating agencies as a benefit to the State. Numerous ratings agencies have lauded Chiang’s work.
He has led efforts to reform the State’s public pension systems, helped local governments navigate difficult economic times, protected California’s precious natural resources, reunited rightful owners with more than $2 billion in unclaimed cash and nearly 157 million shares of stocks and securities that had been lost or forgotten, and launched financial and tax assistance seminars for California’s working families, seniors, small businesses and non-profit organizations. Controller Chiang has also received numerous awards for his leadership and public service.
John Chiang’s visit to CMC is jointly sponsored by the Athenaeum and the Rose Institute of State and Local Government.