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March 2019

Letter from Treasurer Ma

Virtually every day they serve in office, local elected officials across California find themselves grappling with new decisions, or the consequences of past decisions, involving local economic development and infrastructure investments.

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New Executive Director of CHFFA - Frank Moore

Treasurer Fiona Ma has announced the appointment of Frank Moore to the position of executive director of the California Health Facilities Financing Authority (CHFFA). Frank has extensive experience in bond financing and public investment. A 20-year veteran of the State Treasurer’s Office (STO), he previously served as CHFFA’s deputy executive director.

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Heart of The Treasury

Meet our March employee of the month, Jennifer Nguyen. Jennifer is a senior accounting officer in the administration division.

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ABCs of the BCAs - Three BCAs That Actually Help You Save for College, Retirement, and Disability Expenses

The California State Treasurer’s Office is home to three programs that can make a great difference in the financial well-being of most Californians. One program helps families save for college. Another helps private sector workers save for retirement. And a third enables people will disabilities to save money without worrying about running afoul of federal rules that cap disability income.

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A Tax Tip

Tax Day – Monday, April 15 – is fast approaching. Don’t forget to claim the federal and state “Earned Income Tax Credit,” if you qualify.

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Upcoming BCA Events

This newsletter features events scheduled for CalABLE, CalSavers, CDLAC, CPCFA,PMIA, ScholarShare 529, CAEAFTA, CEFA, and CHFFA.

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Ask the Treasurer

Dear Fiona, I am a retailer of cannabis in California. Although recreational cannabis has been legal in California for over a year, the industry still lacks access to banking and has no choice but to operate on a risky cashonly basis. What are you doing to help ensure that the industry gets secure access to banking?

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Top Billing: March 2019

A monthly update on key legislation for Treasurer Ma.

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The Vault: March 2019

Calendar of upcoming public finance activities and bond sales.

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The Ma Squad

See Treasurer Ma's travels in February in photos.

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This newsletter is not intended to be and should not be used for making investment decisions about State of California bonds or notes. Potential investors should always obtain and read the Official Statement published by the State for each issue of bonds or notes.