Sacramento Bee (Free subscription) | 11/20/2009
... I think the vast majority of Californians would give Jerry Brown a standing ovation," said John J. Pitney Jr., professor of politics at Claremont McKenna College. Gov. Arnold Schwarzenegger, through a spokesman, applauded the cuts. "The governor doesn't take a salary, and everyone in his administration has taken a 14 percent pay cut," said press secretary Aaron McLear. "He...
Sacramento Bee (Free subscription) | 11/19/2009
... effect in December 2010, except for 20 senators whose terms do not expire until 2012. Controller John Chiang, abiding by Brown's opinion, plans to cut the pay Dec. 7, spokeswoman Hallye Jordan said. Jon Waldie and Greg Schmidt, who had asked Brown for an opinion on a handful of issues, including the pay-cut question, said Thursday that no decision has been made on whether to file...
The Business Insider (Free subscription) | 11/19/2009
... looking at a repeat of the crisis as soon as the spring! WSJ : The state's Democratic controller, John Chiang, said on Wednesday that California could have trouble making payments as early as spring 2010 if tax revenue remains below forecasts, among other reasons. Until at least June 2015, the report projected California will face annual budget shortfalls of about $20 billion. Facing...
The Age (Free subscription) | 11/17/2009
The grandchildren of Chinese communist leader Mao Zedong and his arch rival Chiang Kai-shek have met in Taiwan.
Sacramento Bee (Free subscription) | 11/17/2009
... requiring placement agents to register as lobbyists is being drafted by state Controller John Chiang and Treasurer Bill Lockyer, both CalPERS board members. On Monday, CalPERS' investment committee agreed to strengthen the May policy to conform to AB 1584, a placement agent law that passed last month. Among other things, the committee voted to impose a five-year ban on any investment...
Chlorinated Liberty (Free subscription) | 11/16/2009
... a court slapped down — didn't materialize. Also, despite Tuesday's report from Controller John Chiang that October's tax revenues were $285 million ahead of projections, revenues for the fiscal year to date are still trailing projections by nearly $1 billion. The shortfall won't keep the state from paying its bills on time — meaning no repeats of this summer, when the...
Sacramento Bee (Free subscription) | 11/12/2009
Using blunt language to address a growing scandal, CalPERS' president Wednesday urged his board to support legislation designed to curb the role of placement agents – marketing representatives who seek investment dollars from CalPERS and other public pension funds. Rob Feckner, the board president, endorsed legislation being drafted by state Controller John Chiang and state Treasurer...
Sacramento Bee (Free subscription) | 11/12/2009
CalPERS' president today endorsed legislation designed to curb abuses by placement agents, middlemen hired by investment firms to get deals from CalPERS and other public pension funds. Rob Feckner, the CalPERS board president, called on fellow board members to rally around legislation being drafted by Controller John Chiang and Treasurer Bill Lockyer, who also sit on the board. The legislation...
Sacramento Bee (Free subscription) | 11/09/2009
... for Treasurer Bill Lockyer, $172,225 for Secretary of State Debra Bowen, $309,436 for Controller John Chiang, and $214,335 for Insurance Commissioner Steve Poizner.
Sacramento Bee (Free subscription) | 11/07/2009
... from public pension funds. Sources said the legislation is being drafted by State Controller John Chiang in cooperation with State Treasurer Bill Lockyer. Both sit on the board of the California Public Employees' Retirement System. The Legislature already passed AB 1584 requiring disclosure of fees paid to placement agents. The new bill would force them to register as lobbyists. It...
L. A. Times Dodgers Blog (Free subscription) | 11/10/2009
... is not coming back yet the way we want it.”In a bit of positive news, California Controller John Chiang announced today that tax revenue for October was $285 million above projections, although for the current fiscal year it is still short by $854 million.--Michael Rothfeld in Sacramento
Sacramento Bee (Free subscription) | 11/07/2009
... investment the client obtains. Sources said the legislation is being drafted by State Controller John Chiang and Treasurer Bill Lockyer, in consultation with CalPERS President Rob Feckner and CalPERS Chief Executive Anne Stausboll. Chiang and Lockyer serve on the CalPERS board. The legislation follows stories in The Bee this week detailing the activities of placement agent...
Primordial Slack (Free subscription) | 11/04/2009
... to use that free money. "That's absolutely correct," said California State Controller John Chiang, who inherited the situation when he came into office. "What we've done here over the last two decades has been dead wrong. We've kept the property and not provided owners with the opportunities -- the best opportunities -- to get their property back." Just never you...
San Fransisco Chronicle (Free subscription) | 11/07/2009
Dan's take: "In the last fiscal year alone, the CHP spent just over a million dollars guarding the five constitutional officers -- $224,193 for (Superintendent of Public Instruction) Jack O'Connell, $139,954 for Treasurer Bill Lockyer, $172,225 for Secretary of State Debra Bowen, $309,436 for Controller John Chiang, and $214,335 for Insurance Commissioner Steve Poizner."
"Bank on California" Money Launderi (Free subscription) | 10/28/2009
... The California Young Democrats were joined by several elected officials. State Controller John Chiang gave the keynote address speaking on the state of the state and what needs to be done now. Assemblymembers Hector De La Torre, Dave Jones, Pedro Nava, Alberto Torrico, and LA City Councilmember Janice Hahn were also in attendance, along with CDP First Vice Chair Alex Rooker, and CDP...
