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May 2020

Letter from Treasurer Ma

While we are all doing our part to mitigate the spread of coronavirus and adapting to a changing world, the California State Treasurer’s Office has remained open and continues to work towards the strongest possible results for taxpayers.

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Ask Fiona

What functions of the State Treasury remain in operation during the COVID-19 pandemic and how is your office able to continue to operate while still adhering to safety guidelines?

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Tax Tip: Beware of Tax Preparer Fraud

An extended tax season due to the pandemic means many people may still be in the process of seeking the assistance of a professional to prepare their returns. The IRS warns taxpayers to choose carefully. Most tax professionals provide excellent service. However, there are some deceitful tax preparers out there who make a living through refund fraud, identity theft, and other harmful scams.

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The ABCs of the BCAs: CDLAC

The California Debt Limit Allocation Committee (CDLAC) on April 15th approved $600 million of tax-exempt private activity bonds for XpressWest / Virgin Trains USA to help finance a ground-breaking high-speed electric passenger train that will, upon the projected completion of the project in late 2023, connect San Bernardino County and the High Desert to Las Vegas.

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Upcoming BCA Events

Calendar of upcoming events.

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Top Billing: May 2020

A monthly update on key legislation for Treasurer Ma.

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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.