California State Treasurer Fiona Ma, CPA News Release
Treasurer Fiona Ma Announces $15.7 Million in Grants For Mental Health Services for Children and Youth
SACRAMENTO – California State Treasurer Fiona Ma announced that over $15 million in grants have been awarded to nine California counties under the Investment in Mental Health Wellness Grant Program for Children and Youth (CY Grant Program).
This competitive grant program funds facility acquisition, construction and renovation costs, furnishings and equipment acquisition, information technology costs and applicable program startup or expansion costs for crisis residential treatment facilities, crisis stabilization facilities, mobile crisis support teams, and family respite care programs.
“There has been a great need for mental health crisis services for children and youth throughout the state of California,” said Treasurer Ma. “This need has grown even more so now due to the COVID-19 pandemic.”
Fiona Ma is California’s 34th State Treasurer. She was elected on November 6, 2018 with more votes (7,825,587) than any other candidate for treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position. The State Treasurer’s Office was created in the California Constitution in 1849. It provides financing for schools, roads, housing, recycling and waste management, hospitals, public facilities, and other crucial infrastructure projects that better the lives of residents. California is the world’s fifth-largest economy and Treasurer Ma is the state’s primary banker. Her office processes more than $2 trillion in transactions within a typical year. She provides transparency and oversight for the government’s investment portfolio and accounts, as well as for the state’s surplus funds. Treasurer Ma oversees an investment portfolio of about $126.7 billion, $34.5 billion of which are local government funds. She serves as agent of sale for all State bonds, and is trustee on outstanding debt of more than $93 billion.