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Fiona Ma

Fiona Ma

California State Treasurer

Sep 22, 2026

3:30
How specifically would you want to see regulations reduced or cost reduced in ag?
3:35
Well, I think we do not listen or engage the real stakeholders in a meaningful way.
3:43
And so too many laws and regulations are passed by the agencies that are mandates, that cost money, that many people cannot even abide by or it's too costly to meet those mandates.
3:59
And we need to start from the bottom up.
4:02
The wine grape growers, for example, they are picking their grapes right now and they don't have a market.
4:08
Some of them are not even picking it because there's no place to sell it.
4:11
Then our family wine makers, they're not even able to process new wine because their vats are sitting full of old grapes.
8:33
Do you think we should continue to do that?
17:47
In that spirit, how would you envision financial policy and investment decisions at the state level working toward a thriving, prosperous, and abundant world, especially in regards to public higher education?
18:03
Yes.
18:04
The California's budget is highly dependent on personal income tax, corporation tax, and sales taxes.
18:11
That represents about 90% of our general fund.
18:15
And the UCs and the CSUs are funded out of that general fund.
18:21
So what does that mean? It means that we have to have high quality paying jobs.
18:27
It means that during COVID, for example, a lot of the tech companies were growing, hiring, merging.
23:12
Is there anything that your office is doing to retain those billionaires, millionaires from moving out the state of California to a different state or a different country and moving their assets outside?

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