SAN FRANCISCO — California’s controller is pushing new legislation that would strengthen state oversight over local government finances and audits.

John Chiang has sponsored two bills that would put independent auditors under his office’s watch and stiffen fines for local governments that take too long to file financial reports.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.