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MID-DAY PLENARY
John Chiang, Controller
State of California
The State of California is the eighth largest economy in the world, surpassing the national economies of Canada, Mexico, and numerous European countries. While the state has always been on the cutting edge of both social and environmental issues, it is currently confronting the largest funding deficit in its history, and its businesses and citizens are facing unprecedented changes in their saving and spending habits as the economy continues to contract. California must find new ways to support its programs in light of relocations, layoffs, and lower tax revenues caused by the economic crisis.
State Controller John Chiang, elected in November 2006 as the chief fiscal officer of California, oversees more than $100 billion in annual receipts and disbursements of public funds and serves on 76 state boards and commissions that significantly impact California’s economic health in areas such as development, employment, housing, and the environment.
Controller Chiang sees California as a great investment. Through its pension funds, the state has taken a leadership role in the movement toward energy investments in clean technology and energy reduction in its real estate portfolio. The state also has used diversity to its advantage to find, harness, and tap into a wide range of talents to create economic opportunities. During his keynote address, Controller Chiang will explore the key challenges facing California's economy and the specific steps the state is taking to address these challenges. Furthermore, he will discuss how becoming a significant investor in clean technology, greening the state’s real estate portfolio, and recognizing diversity as a business imperative can work to create new avenues of opportunity.
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John Chiang, Controller
State of California
The State of California is the eighth largest economy in the world, surpassing the national economies of Canada, Mexico, and numerous European countries. While the state has always been on the cutting edge of both social and environmental issues, it is currently confronting the largest funding deficit in its history, and its businesses and citizens are facing unprecedented changes in their saving and spending habits as the economy continues to contract. California must find new ways to support its programs in light of relocations, layoffs, and lower tax revenues caused by the economic crisis. State Controller John Chiang, elected in November 2006 as the chief fiscal officer of California, oversees more than $100 billion in annual receipts and disbursements of public funds and serves on 76 state boards and commissions that significantly impact California’s economic health in areas such as development, employment, housing, and the environment.
Controller Chiang sees California as a great investment. Through its pension funds, the state has taken a leadership role in the movement toward energy investments in clean technology and energy reduction in its real estate portfolio. The state also has used diversity to its advantage to find, harness, and tap into a wide range of talents to create economic opportunities. During his keynote address, Controller Chiang will explore the key challenges facing California's economy and the specific steps the state is taking to address these challenges. Furthermore, he will discuss how becoming a significant investor in clean technology, greening the state’s real estate portfolio, and recognizing diversity as a business imperative can work to create new avenues of opportunity.
Return to Plenary Sessions List>