Press Releases

SACRAMENTO—State Controller Betty T. Yee issued the following statement about Governor Gavin Newsom’s proposed Fiscal Year 2020-21 state budget released today:

“California has enjoyed an unprecedented period of economic growth,” said Controller Yee, the state’s chief fiscal officer. “With the Legislative Analyst’s Office predicting the first slowing in early 2021, I am pleased to see Governor Newsom charting a prudent path while making key investments to strengthen our economy. I applaud the prioritization of funding to tackle the growing homelessness crisis, with the resources hopefully directed to the most effective strategies. As a member of the governor’s Future of Work Commission, I appreciate the attention to workforce needs in public education and the workforce development support for K-16. The governor's proposed budget builds on California's climate leadership by harnessing the talent in our tech sectors with the creation of the Climate Catalyst Revolving Loan Fund to support innovations. I look forward to working with the Administration to explore more streamlined, coordinated state administration of our housing programs and resources to encourage development and rein in costs.”

As the chief fiscal officer of California, Controller Yee is responsible for accountability and disbursement of the state’s financial resources. The Controller has independent auditing authority over government agencies that spend state funds. She is a member of numerous financing authorities, and fiscal and financial oversight entities including the Franchise Tax Board. She also serves on the boards for the nation’s two largest public pension funds. Elected in 2014 and reelected in 2018, Controller Yee is the tenth woman elected to a statewide office in California’s history. Follow the Controller on Twitter at @CAController and on Facebook at California State Controller’s Office.

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