This is the third part of a four-part series highlighting 2010 races that will affect the California State Board of Equalization (BOE), the entity that oversees state tax policy and collections of more than $50 billion a year. Senator Tony Strickland is the Republican nominee for State Controller. The State Controller is the ex-officio member of the BOE, sits on the State Franchise Tax Board, CalPERS, CalSTRS and 72 other boards and commissions.
The State Controller is the chief financial officer for the state of California. His responsibilities include being the state’s accountant and having broad powers to investigate every dollar spent by the state, counties, and local governments, such as the current audit in the city of Bell.
The State Controller administers the state payroll system and is responsible for the unclaimed property system. He also has the authority to audit all California School Districts, the California State Lottery, all state agencies, numerous local governments, all regional development authorities, and oil and gas lease royalties.
