Treasurer John Chiang visits with Dan Ta, president and founder of the Penny Wise Club at Oxford Academy in Cypress. Read the story.

In Case You Missed It

Just in case you missed it, here's a summary of recent news from the Treasurer's Office:

December 1: Treasurer Chiang Helps Fresno Business Expand

Treasurer John Chiang issued a video feature detailing how his California Capital Access Program (CalCAP) Collateral Support Program helped a Fresno business expand by facilitating a loan valued at $150,000. The program encourages banks and other financial institutions to lend to small businesses that would otherwise have difficulty obtaining financing. Watch the video.

November 24: Treasurer Issues Statement Regarding Disclosure of Fees Paid to Private Equity Investment Firms

Treasurer John Chiang issued a statement regarding disclosure by the California Public Employees’ Retirement System (CalPERS) of some fees paid to private equity investment firms. CalPERS announced that it has paid $3.4 billion in profit-sharing to its private equity investment partners between 1990 and June 30, 2015. CalPERS said it received 24.2 billion in net gains on those investments over the same period. Read the statement.

November 17: Treasurer Unveils Open Data Website Detailing $1.5 Trillion in Government Debt

Treasurer John Chiang has unveiled a new open data website called DebtWatch, providing important details about $1.5 trillion in debt issued by state and local government entities as part of his ongoing efforts to promote transparency in government. The site makes it easier for taxpayers to track proposed and issued debt, cost of issuance, and bond and tax election results. Read the news release, a video message from the Treasurer and a tutorial on how to use the site.

Top News Clips:

• Charter Local Edition with California State Treasurer John Chiang
  Charter Local Edition
  December 2, 2015
• Editorial: Shining a Welcome Light on Government Debt
  The Press-Enterprise
  November 25, 2015
• CalPERS Fee Disclosure Raises Question of Whether Private Equity Returns Are Worth It
  Los Angeles Times
  November 25, 2015
• Calpers' Hidden Private-Equity Fees: $3.4 Billion
  NYSE Post
  November 25, 2015
• CalPERS Shared $3.4 bln in Private Equity Profits Over 25 Years
  Reuters
  November 24, 2015
• CalPERS Discloses Private Equity Investment Fees: $1.1 billion
  The Sacramento Bee
  November 24, 2015
• CalPERS Discloses What it Pays its Advisors
  Central Valley Business Times
  November 24, 2015
• California Launches DebtWatch Open Data Site
  GCN
  November 23, 2015
• Big government Borrowing Means Payback Time � Someday
  The Sacramento Bee
  November 20, 2015
• Student brings state treasurer to push for financial literacy
  Orange County Register
  November 19, 2015
• California Launches Debt Data Website
  The Bond Buyer
  November 17, 2015
• Website detailing California�s $1.5 Trillion in debt
  Central Valley Business Times
  November 17, 2015
• California Launches Open Data Debt Portal
  CivSource
  November 17, 2015
• DebtWatch Makes Government Borrowing More Transparent
  Banning-Beaumont Patch
  November 17, 2015
• Clean Energy Tax Incentive Will Hit Its Cap
  Capital Public Radio
  November 17, 2015