State Controller Malia Cohen – California Globe

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...

California’s Red Ink is Negatively Impacting Municipalities Large and Small

April 23, 2024 11:03 amApril 23, 2024 11:03 am

The State of California is hemorrhaging red ink with a massive budget shortfall. The non-partisan Legislative Analyst Office estimates the deficit at $73 billion; Governor Gavin Newsom claims to be optimistic and pegs the shortfall at $38 billion. A gap of $30...