UA-40932197-1

John Chiang helped award millions in tax breaks to his developer donors

Since 2013, for instance, Chiang voted to grant 9 percent tax breaks to three of Domus Development’s projects: Curtis Park Court, a senior community near Sacramento City College, as well as Sutter Place in Carmichael and Anchor Village in Stockton.

Beginning that year, the company’s top brass and its tax-credit equity syndicator contributed nearly $40,000 to Chiang’s campaign committees, including $7,500 toward his 2018 run for California governor.

Last year, he featured Curtis Park Court and a Domus representative in a 4 1/2-minute video posted to his government website under the title “Treasurer Tackles California’s Affordable Housing Crisis.”

A Chiang campaign spokeswoman declined to make him available for an interview. But in a prepared statement, Chiang said the contributions have no influence over his decisions.

“As someone who has spent a career exposing billions in government waste and corruption, protecting the integrity of my office is paramount to me,” he said. “Decisions by my office about

where to invest public dollars are driven largely by mathematical formulas tied to getting taxpayers the most bang for their buck. The evaluation and scoring are done by professional staff who have nothing to do with or any knowledge as to who supports my campaigns.”

Treasurer’s Office officials stressed that the affordable housing firms included in The Bee’s tally began working with California before Chiang assumed his first statewide post, state controller, in 2007. But campaign finance records show they have been far more generous to Chiang than others who have served as treasurer or controller.


Comments are closed.

About 2urbangirls

2 Urban Girls has been cited in City Watch LA, Compton Herald, Daily News, Inglewood Today, Intersections South LA, KCRW, KPCC, Los Angeles Times, LA Weekly, LA Watts Times, Mercury News and The Atlantic.

Copyright © 2011 - 2017 Urban Girl Media All Rights Reserved.