John Chiang

John Chiang

John Chiang was first elected in November 2006 to serve as Controller of the State of California, the eighth-largest economy in the world.� He was elected to serve a second term in November 2010.Since taking office in January 2007, Controller Chiang took immediate action to make the State�s finances more transparent and accountable to the public and to weed out waste, fraud and abuse of public funds.� The Controller�s aggressive audits have identified more than $8 billion in taxpayer dollars that were denied, overpaid, subject to collection, or resulted in revenues, savings and cost avoidance.He has led efforts to reform the State�s public pension systems, helped local governments navigate difficult economic times, protected California�s precious natural resources, reunited rightful owners with $2.9 billion in unclaimed cash and more than 230 million shares of stocks and securities that had been lost or forgotten, and launched financial and tax assistance seminars for California�s working families, seniors, small businesses and non-profit organizations.Chiang and his wife, Terry Chi, live in Torrance, California.