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CA Controller’s January Cash Report Shows Revenues Falling Short of Estimates

SACRAMENTO—January state revenues fell short of projections included in Gov. Jerry Brown’s budget proposal by $239.8 million, with both the personal income tax and the retail sales and use tax failing to meet projections, State Controller Betty T. Yee reported today. Read the press release


Controller Yee Appoints Civil Engineer to Uniform Construction Cost Accounting Commission

SACRAMENTO — California State Controller Betty T. Yee today appointed Ken Kayser, a civil engineer with nearly four decades of construction industry experience, to the California Uniform Construction Cost Accounting Commission. Read the press release


Controller Yee Appoints Energy Efficiency Expert to Oversight Board for Prop. 39 Clean Energy Jobs Act

SACRAMENTO—California State Controller Betty T. Yee today appointed David E. Dias, a long-time advocate for energy efficiency and green building, to the Clean Energy Jobs Act (Proposition 39) Citizens Oversight Board. Read the press release


CA Controller Finds Pervasive Deficiencies in City of Industry Accounting Practices

SACRAMENTO—State Controller Betty T. Yee today announced that her team’s detailed review of the City of Industry’s accounting controls found pervasive and serious deficiencies, with 85 percent of internal control elements deemed inadequate. Read the press release


State Controller Yee Updates Unfunded Retiree Health Care Liability

SACRAMENTO—The state’s cost for retiree health and dental benefits has grown to $74.10 billion, according to a report published today by State Controller Betty T. Yee. The so-called “unfunded liability” is a closely watched figure that represents the present-day cost to provide retiree health and dental benefits earned as of June 30, 2015 – one of the state’s largest long-term debts. Read the press release

 

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