Latest News From the Controller's Office
Controller: Many of Bell's Problems Still Not Addressed
Controller John Chiang has released a follow-up review of a series of 2010 audits focused on the City of Bell’s internal controls, management of state and federal funds, its dissolved redevelopment agency and use of gas tax proceeds. The review identifies nearly three dozen material weaknesses in the City’s financial operations, and notes serious concerns with the City’s immediate fiscal condition and cash balances. Read the news release in English and Spanish, and the review.
Controller Finds Problems With City of Riverside RDA Holdings, Transfers
Controller John Chiang found the City of Riverside's Redevelopment Agency to be in possession of $30.45 million in real property that it no longer is legally entitled to hold, and that the RDA inappropriately transferred another $64.25 million in real property to the City. Read the news release in English and Spanish, the review, and background on the RDA asset review process.
Controller: Immigration Reform Will Boost California's Economy
Immigration reform will help the Golden State's economy, Controller John Chiang says in a San Jose Mercury News column. Read more.
Controller: State Narrowly Misses April Revenue Estimates
Controller John Chiang reported the State's total revenues reached $15.03 billion in April, narrowly missing estimates by $119.9 million (-0.8 percent). However, through first 10 months of the fiscal year, total revenues exceeded the Governor's January projections by $4.6 billion. Read the news release in English and Spanish, the summary analysis and the financial statement.
Read Summary of April Personal Income Tax Revenues
Visit Controller John Chiang's revenue tracker for a summary of April personal income tax numbers.
For additional information on California fiscal issues, please see:
- The Controller's Monthly Cash Reports and Summary Newsletters
- The Controller's California Fiscal Issues and Information Page
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