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November 2019

Letter from Treasurer Ma

Last month the State Treasurer’s Office (STO) allocated $1.8 billion in bonding authority and $88.2 million in federal tax credits to spur production of 6,442 units of affordable housing. This brings the number of units we have financed during the course of 2019 to 17,360.

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Rebuilding After Wildfires

Treasurer Ma is prepared to help meet the rebuilding needs of communities devastated by wildfires, including the Kincade and Tick fires. The Treasurer can direct more investment dollars into local community banks, credit unions, and other financial institutions to benefit areas around the state impacted by the fires.

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Heart of The Treasury

Kasey O’Connor, the indefatigable Legislative Director for State Treasurer Fiona Ma, proudly displays her blue ribbon after winning the annual STO chili cook-off on October 17.

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ABCs of the BCAs - California Tax Credit Allocation Committee (CTCAC)

While upgrading California’s credit rating last month, Moody’s Investors Service also issued a shot across the bow of the state’s high cost of living, warning that it could gradually become “a greater drag on economic expansion if it limits the state’s population growth.”

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Ask the Treasurer

I recently saw a post on your Facebook page about a free seminar for veterans your office hosted. I am a veteran looking to build a business. Unfortunately, I am unable to attend your seminar. Could you please share what resources are available to help start and grow my business?

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Top Billing: November 2019

A monthly update on key legislation for Treasurer Ma.

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The Vault: November 2019

Calendar of upcoming public finance activities and bond sales.

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The Ma Squad

Photos of Treasurer Fiona Ma's travels.

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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.