Opinion: California’s controller finally files state audit – for 2021
Hand it to new California Controller Malia M. Cohen. On March 23 her office finally achieved what her predecessor, Betty Yee, failed to do. Cohen filed the Audited Comprehensive Financial Report for California for fiscal year 2020-21, which ended on June 30, 2021. Almost two years ago. Every other state filed its ACFR long ago, as did almost all California cities, counties and school districts. It’s the fifth year in a row California was late.
All these ACFRs now are online. So check those for your local county, city and school district. The person who showed me how to analyze the ACFRs 20 years ago was John Moorlach, then the Orange County treasurer-tax collector, later supervisor, then a state senator, in which role I worked for him as press secretary. For years, Moorlach has compiled lists and rankings of the ACFRs for the U.S. states and California counties, cities and school districts.
Divide the new -$174.4 billion number by the state’s population in 2021 of 39.24 million. And we get a per capita tally of -$4,434. That’s the credit card slip Gov. Gavin Newsom and the Legislature signed for you. For a family of four, you owe $17,736.
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