FOR IMMEDIATE RELEASE: August 8, 2014
CONTACT: Sophie Tran (714) 526-7272, Sophie.Tran@asm.ca.gov
Assemblywoman Sharon Quirk-Silva Hosts State of the Economy Briefing with State Controller John Chiang
FULLERTON – Today, Assemblywoman Sharon Quirk-Silva (D-Fullerton) hosted a State of the Economy and Forecast Briefing with California State Controller, John Chiang at California State University, Fullerton (CSUF).
“The purpose of today’s briefing is to bring together elected officials, business and community leaders to engage in a conversation about where California’s economy is and where it is going. We are honored to have Controller Chiang join us today to update us on California’s progress and what we must do as a community to continue to move our State forward,” stated Assemblywoman Quirk-Silva.
Recent numbers from the second quarter show that California’s employment rate is up 3.8% in the past 18 months. California has returned its share of the nation’s workforce back to the pre-recession level, which means 1.5 million jobs in the State.
“While this is good news after seven years of record-high borrowing just to pay our everyday bills, we still have much work to do. We should remain laser-focused on paying down the Wall of Debt, reversing the many accounting gimmicks to which we’ve become addicted and keeping the State as liquid as possible to avoid experiencing the payment delays and IOUs that plagued our State during the Great Recession,” said State Controller Chiang.
As the State’s Chief Financial Officer (CFO), John Chiang brings extensive experience and financial leadership to the State Controller’s Office. Mr. Chiang was first elected to the Board of Equalization in 1998 where he served two terms, including three years as chair. He began his career as a tax law specialist with the Internal Revenue Service and previously served as an attorney in the State Controller’s Office. The son of immigrant parents, Chiang graduated with honors from the University of South Florida with a degree in Finance. He received his law degree from the Georgetown University Law Center.
Among the more than 120 attendees were: elected officials, business owners and community stakeholders. CSUF Provost and Vice President of Academic Affairs, Jose Cruz and City of Fullerton Mayor Doug Chaffee delivered welcoming remarks.
Assemblywoman Sharon Quirk-Silva represents the 65th Assembly District, which includes the communities of Buena Park, Cypress, Fullerton, Hawaiian Gardens, La Palma, Stanton, and West Anaheim.