Candidate for
Treasurer; State of California

State bond interest payments are consuming an ever increasing portion of the state's budget. This puts pressure on the Legislature to increase all state taxes. Any increase in Corporate, personal income taxes, or sales taxes will cause a stall in the California economy and undoubtedly cause businesses to leave the State. The State is already too deep in debt!

First, the State Treasurer must go before the Legislature to oppose all but the most vital or cost effective bond issues! Second, having held NASD Security licenses has given me an understanding of the financial markets.

We need to eliminate dealing with the "Middle Men" from "Wall Street" that receive hundreds of millions of dollars in underwriting fees and instead have our bonds underwritten by allocation to California-based brokerage firms. Not only will the state save hundreds of millions of dollars, California will receive taxes from those California-based firms.

Third, the Treasurer's office needs to be accessible to the public and run in a cost-effective, efficient manner. Here's why. For California Citizens, State Bonds are exempt from Federal and State personal income taxes; however, these bonds are not available to the average California citizen because brokerage firms do not offer them in amounts of less than $10,000. I will institute a small investor program so that Californians with as little as $100 can invest in these tax-exempt bonds.

I seek your vote and have been endorsed by the Howard Jarvis Taxpayer Organization and many leading state legislators.

You can contact Claude Parrish via e-mail at: parrishfortreasurer@gmail.com