When the people speak, government must listen. So, voter-approved initiatives are of prime importance.
The 2023 annual financial report (Annual Comprehensive Financial Report) was grossly overdue, and the '24 report still has not been issued (as of May 17, 2026). I'd really like to get to the bottom of that. Is it a software issue? A management issue? A procedures issue?
Bond buyers require timely and accurate financial reports, else they increase the interest rates they charge to compensate for that unknown risk. The state should not be wasting money paying interest that it does not need to pay.