California is the worlds fifth-largest economy. That makes State Treasurer Fiona Ma’s job quite complex. Her office handles everything from financing housing development to collecting cannabis sales tax. Recently, she sat down with Henry Brady, dean of the Goldman School of Public Policy at UC Berkeley, to discuss the financial challenges the state is facing.
Two of the biggest issues Ma is working on are inextricably intertwined: housing and transportation. As the state’s population grows, limited housing supplies are becoming more and more expensive, forcing workers farther from city centers, and snarling commutes. One of the potential solutions she suggests is public-private partnerships, like the Virgin Trains project that will eventually connect Los Angeles and Las Vegas.
During their conversation, Ma touches on a number of other issues impacting Californians. She covers a new law that will ensure local governments get sales tax from Amazon, the growing need for senior housing, a plan to help city governments stay on top of their finances, California’s controversial proposition 13, and much more.