Letter from Treasurer Ma
These first six months as the State’s Banker were incredible. We hit the ground running and accomplished so much! In this special progress report, I share top-line accomplishments achieved thus far by me and my team at the State Treasurer’s Office (STO), including serving as the agent for the sale of more than $7.4 billion in bonds last spring for a wide variety of infrastructure and economic development projects throughout the state. These bond sales included $5.15 billion of voter-approved General Obligation (GO) bonds – $1.47 billion for new projects and $3.68 in refunding bonds.
YFiona Ma is California’s 34th State Treasurer. She was elected on November 6, 2018 with more votes (7,825,587) than any other candidate for Treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position. Treasurer Ma’s administration began with her official swearing in on January 7, 2019.
Bringing Jobs
California is the fifth largest economy in the world. Long-term, sustainable investment in our communities will continue to keep our state strong. Treasurer Ma chairs several financing authorities that are perfectly positioned to make such investments.
Advancing Housing
As part of his January budget unveiling, Governor Gavin Newsom announced his goal to build 3.5 million homes by 2025. This goal addresses all types of housing, including workforce and affordable dwellings.
Nurturing Finances
Treasurer Ma serves as the agent for the sale of all State bonds. This past spring the STO sold $7.4 billion in bonds, including...
Keeping it Green
In Governor Newsom’s State of the State Address in January, he reaffirmed that California “will never waver on achieving the nation’s most ambitious clean energy goals.” California is leading on so many green fronts.
This progress report is not intended to be and should not be used for making investment decisions about State of California bonds or notes. Potential investors should always obtain and read the Official Statement published by the State for each issue of bonds or notes.