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March 2020

Letter from Treasurer Ma

Kudos to Governor Newsom for continuing to allocate more funding and incentives for all types of living in California. He underscored his commitment to housing by making it the sole subject of his State of the State address. He is keenly aware of the challenges facing California, including the need for a comprehensive plan dealing with homelessness, the lack of affordable housing for working families, and the urgency to build supportive and adaptive housing for those on fixed incomes, people with disabilities, and seniors so we can age in place.

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Treasurer’s Youth Investment Summit a Hit with Students and Parents

Every Saturday in February, the STO held its first-ever “Youth Investment Summit” to teach the basics of money management. Thirteen-year-old Rahquel Harris was among the dozens of teens who attended. “I want to get better at spending,” she said. “I don’t want to spend my money on useless stuff.” Participants learned how to set goals, use budgets, and spend wisely. The sessions were held at Showers of Blessings church in Sacramento. The STO plans to replicate the program around the state.

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The ABCs of the BCAs: CTCAC

The California Tax Credit Allocation Committee (CTCAC), chaired by California State Treasurer Fiona Ma, is clarifying its regulations to make certain that 13 counties hit by fire disasters receive $100 million in new federal tax credits.

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Upcoming BCA Events

Calendar of upcoming events.

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Heart of the Treasury - Rachell Owen-Reinwald

Meet Rachell Owen-Reinwald, February’s STO employee of the month. Rachell has worked for ScholarShare529 as an Associate Program Analyst since 2017. She collaborates with new and existing partners in developing and executing various outreach efforts to bring awareness to and educate California families about the benefits of saving for higher education with ScholarShare529. She has helped bring many new partners into ScholarShare529, including the City of Gardena, which recently collaborated with ScholarShare529 under their workplace savings program.

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Ask the Treasurer

I saw on the news that your office sponsored a Youth Investment Summit where teens learned how to be financially successful. What a wonderful and important program! I have two elementary school aged children and worry that they don’t appreciate the value of a dollar. I would like to help them understand the importance of money management. Do you have any advice on how I can start to teach them about money?

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Tax Tip: Free Income Tax Assistance

Did you know that you might be eligible to receive free tax preparation assistance? IRS-certified sites offer free and reliable services that can ease the stress of tax filing and help you get the most out of your tax return.

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Top Billing: March 2020

A monthly update on key legislation for Treasurer Ma.

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The Vault: March 2020

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.