annual comprehensive financial report

California Gets a Clean Audit – Now Comes the Hard Part

May 21, 2026 10:51 amMay 21, 2026 10:51 am

After years of embarrassing delays that left taxpayers and municipal bond investors flying blind, California has finally produced its audited financial statements before the state’s budget is finalized. On May 12, State Controller Malia Cohen released the Annual Comprehensive Financial...

Labor Sec. Julie Su Forgives $32.6 Billion in EDD Debt

August 8, 2024 2:53 pmAugust 8, 2024 9:11 pm

As Acting Secretary of Labor, Julie Su has a very big eraser and she just used it wipe out her own $32.6 billion dollar mistake. While she was California’s Secretary of Labor, Su oversaw the California Employment Development Department –...

NEW REPORT: California Ranks Among Bottom of 50 States for Financial Transparency

April 23, 2024 9:52 amApril 23, 2024 9:52 am

In 2020, then-Senator John Moorlach, the Legislature’s only CPA, reported for the Globe that 49 of the 50 U.S. states had completed and published their annual audited financial statements – California was the only state which failed to complete and...