Phil's Record on Government Reform

Phil Angelides’ initiatives on behalf of hard-working middle class families, small businesses, California communities, investors, and the environment have made a difference in communities all over California. He has accomplished all this while reducing the size of the Treasurer’s Office staff by 9 percent. He has shown the conviction and leadership to make government more effective and efficient, to put it to work for all Californians, and to move California forward.

• Standing up for balanced budgets. Throughout his tenure, Treasurer Angelides has been a consistent voice for fiscal responsibility and balanced budgets.  He has opposed the costly deficit borrowing – under both Governors Davis and Schwarzenegger – that has left the state with over $24 billion in debt to cover past deficits. He has repeatedly called for a fair and responsible State budget, one that that is truly balanced, without borrowing, and that protects critical investments such as schools and transportation.
• Closing tax loopholes. Treasurer Angelides proposed a detailed legislative package to clearly identify and evaluate the effective of tax expenditures and close wasteful corporate tax loopholes to help balance the budget and provide needed funding for schools and colleges.