California Transportation Financing Authority

Authority Members

John Chiang

John Chiang
State Treasurer

Residence: Torrance, California.
Background: Mr. Chiang graduated with honors from the University of South Florida with a degree in Finance, and received his law degree from the Georgetown University Law Center. As State Treasurer, he oversees a bank that processes trillions of dollars in transactions every year. He sells California’s bonds, invests the State’s money and manages its cash. Prior to being elected Treasurer, he served from 2007 through 2014 as State Controller. In that office, he took steps during the Great Recession to preserve cash to meet obligations to education and bond holders, worked to ensure the fiscal solvency of the State’s pension plans, and ensured that $3.1 billion in unclaimed property was returned to the rightful owners. Prior to serving as Controller, he was elected to the Board of Equalization in 1998, where he led with innovative taxpayer-friendly services such as the State's free income tax return preparation service, ReadyReturn.

Betty Yee

Betty T. Yee
State Controller

Residence: Alameda, California
Background: Betty T. Yee was elected Controller in November 2014, following two terms on the California Board of Equalization (BOE). As the state’s chief fiscal officer, Yee chairs the Franchise Tax Board and serves as a member of the California Public Employees’ Retirement System and the California State Teachers’ Retirement System boards, and she continues to serve BOE as its fifth voting member. Yee also serves on the board of Ceres, a nonprofit working to mobilize large investors to advance global sustainability and take stronger action on climate change. Yee serves on dozens of boards and commissions with authority ranging from land management to crime victim compensation. As a member of the State Lands Commission (and chair in even-numbered years), she helps steward public trust lands, waterways, wharves, and resources—including oil, gas, and geothermal—through economic development, protection, and restoration consistent with environmental needs.  Through financing authorities, Yee works to create incentives to increase affordable housing in California.  Controller Yee has over 30 years’ experience in public service, state and local finance, and tax policy. As Chief Deputy Director for Budget with the California Department of Finance, she led development of the Governor’s Budget. Prior to this, she served fiscal and policy committees in both houses of the California Legislature.  She cofounded the Asian Pacific Youth Leadership Project, which exposes California high school youth to public policy and public service. A native of San Francisco, Yee received her bachelor’s degree in sociology from the University of California, Berkeley, and holds a master’s degree in public administration.

Michael Cohen

Michael Cohen
Director of Finance

Background: Michael Cohen was appointed as Director of the California Department of Finance by Governor Jerry Brown in September 2013. He serves as the Governor’s chief fiscal policy advisor. Prior to becoming Director, he served as Chief Deputy Director of the Department of Finance from 2011 to 2013. In this capacity, Mr. Cohen was the department’s lead contact with the state Legislature on the state budget. From 1997 to 2010, Mr. Cohen worked at the Legislative Analyst’s Office (LAO). While there, he served as a local government finance analyst, Director of State Administration, and Deputy Legislative Analyst. Mr. Cohen earned a Master’s Degree in Public Affairs from the Lyndon B. Johnson School at the University of Texas and a Bachelor’s Degree in Urban Studies from Stanford University. He lives in Sacramento with his wife Amy Supinger and his two dogs, Lulu and Dexter.

Malcolm Dougherty

Malcolm Dougherty
Acting Director of the California Department of Transportation

Malcolm was appointed the Acting Director of the California Department of Transportation on May 17, 2011. As Director, Mr. Dougherty is responsible for the maintenance and operations of more than 50,000 lane miles of roadway on the State Highway System, a budget of more than $13.3 billion, and providing leadership to more than 20,000 employees. Prior to this appointment, Mr. Dougherty served as the Chief Deputy Director where he advised and assisted the Director regarding all aspects in the policy and operation of the Department of Transportation. He represented the Department in meetings, hearings, boards, commissions and committees and had responsibility related to the overall operation and management of the Department. Malcolm Dougherty has been with the Department for nearly 20 years, serving in a number of high profile management positions including District Director of the District 6/Central Region. As the District Director, he was responsible for Planning, Project Management, and Maintenance for the five counties within the district, as well as the Capital Project Delivery Program for Central California from the Pacific Coastline to Nevada, and from Amador to Kern County. Mr. Dougherty's career also includes management positions in Design, Project Management, Maintenance, and Traffic Operations. Prior to coming to Caltrans, he worked on land development and municipal engineering for a consultant. Malcolm is a graduate of Rutgers University with a Bachelor of Science in Civil Engineering. He is married and has three children.


Andre Boutros (no photo or bio available)
Director of the California Transportation Commission

Rebecca J. Long

Rebecca J. Long
Senior Legislative Analyst, Metropolitan Transportation Commission

Senate Rules Committee Appointee

Rebecca has been working in the field of transportation for the last 14 years. After graduating from the University of California, Santa Cruz in 1994 with a major in Politics and obtaining a Masters in Public Policy from the University of Michigan in 1998, Rebecca began working at the California Legislative Analyst’s Office (LAO) covering the Department of Transportation (Caltrans) assignment. Rebecca joined the San Francisco Bay Area’s Metropolitan Transportation Commission (MTC) in 2002, where she works as a Senior Legislative Analyst, seeking to defend and grow the transportation funding pie at the regional, state and federal level. During her tenure at MTC, Rebecca served a leading role in several major pieces of state legislation, including Senate Bill 916 (Perata) in 2003, which led to voter approval of a $1 toll increase in March 2004 and Senate Bill 375 (Steinberg), the state’s groundbreaking climate change legislation that links together regional transportation funding decisions and land use planning for the first time.

Assembly Speaker Appointee: TBA