Antonio Ray Harvey
Gov. Gavin Newsom Appoints Joe Stephenshaw as State’s Director of Finance
“I’m truly honored to be chosen by Governor Newsom for this historic appointment,” Joe Stephenshaw told California Black Media. Stephenshaw’s appointment makes him the highest-ranking Black DOF official in the last 30 years. Stan Stancell served as Gov. Pete Wilson’s chief deputy director of Finance in the early 1990s.
By Antonio Ray Harvey, California Black Media
Gov.Gavin Newsom has appointed Joe Stephenshaw as director of the California Department of Finance (DOF), filling the position held by Keely Martin Bosler since 2018.
Stephenshaw, 47, will be Newsom’s chief fiscal policy advisor. Since March 2022, he served as senior counselor on Infrastructure and Fiscal Affairs in the Office of the Governor.
“Joe’s deep knowledge and experience of the state’s finances and the role that budgets play in moving our priorities forward – expanding opportunity, protecting public safety, and fighting climate change – make him uniquely qualified to be California’s next Director of Finance,” Newsom said in a written statement. “I thank him for stepping up to lead our accomplished team at the Department of Finance as we continue to invest in California values and build stability for years to come.”
The DOF Director position requires Senate confirmation and is paid an annual compensation is $227,178. Stephenshaw is a Democrat.
“I’m truly honored to be chosen by Governor Newsom for this historic appointment,” Stephenshaw told California Black Media.
Stephenshaw’s appointment makes him the highest-ranking Black DOF official in the last 30 years. Stan Stancell served as Gov. Pete Wilson’s chief deputy director of Finance in the early 1990s.
Stephenshaw was staff director for the Senate Budget and Fiscal Review Committee from 2017 to 2022. He earned a Master of Business Administration degree from California State University, Sacramento.
He held multiple other positions in the California Legislature from 2008 to 2017, including serving as a Policy Consultant in the Office of the Senate President pro Tempore, a Special Advisor to the Speaker of the Assembly, and as a Budget Consultant for both the Assembly Budget Committee and the Senate Budget and Fiscal Review Committee.
From 2005 to 2008, Stephenshaw was a budget analyst for DOF.
“Congratulations to Joe Stephenshaw for being appointed Director at the California Department of Finance! I have worked with Joe in several roles in the Assembly and Senate, and I cannot think of a kinder person or more qualified individual for this role,” California Senate President pro Tem Toni Atkins stated on July 1 on her Twitter account.
At DOF, Stephenshaw’s responsibilities include establishing appropriate fiscal policies to carry out the state’s programs as well as preparing, explaining, and administering the state’s annual financial plan (budget), which Newsom is required under the State Constitution to present by January 10 of each year.
The DOF director provides fiscal stewardship and oversight in matters before the State Lands Commission, State Teachers’ Retirement Board, and the Franchise Tax Board, among many others.
Stephenshaw will sit on numerous boards, commissions, bond committees, and finance authorities that cover a broad range of policy areas.
DOF impacts the fiscal activities of other state departments because of the general authority granted to it in Government Code Section 13070. This section provides the Department of Finance with authority over all financial and business policies of the state.
Keely Martin Bosler was appointed as director of the California Department of Finance by Gov. Edmund G. Brown Jr. in August 2018 and reappointed by Newsom in December 2018. She announced in March that she would be leaving at the end of the budget season in June.
“Throughout unprecedented challenges and opportunities, Keely has expertly steered the state’s finances with a commitment to expanding opportunity, improving the lives of Californians, and maintaining a solid fiscal foundation,” Newsom stated. “Keely led our work to provide historic relief to get Californians back on their feet and lay the groundwork for our recovery. I’m deeply grateful to Keely for lending her exceptional leadership, talents, unique perspective, and profound dedication to our work to build a better future for all Californians.”
Antonio Ray Harvey
Black Leaders, Political Orgs, Sound Alarm About Project 2025
With the general elections just a few days away, Black organizations and leaders, including Rep. Maxine Waters (D-CA-43), are sounding the alarm about Project 2025, the Heritage Foundation’s controversial “policy bible.” The four-pillar initiative includes a detailed blueprint for the next conservative presidential administration – making way for a sweeping overhaul of the executive branch.
By Antonio Ray Harvey, California Black Media
With the general elections just a few days away, Black organizations and leaders, including Rep. Maxine Waters (D-CA-43), are sounding the alarm about Project 2025, the Heritage Foundation’s controversial “policy bible.”
The four-pillar initiative includes a detailed blueprint for the next conservative presidential administration – making way for a sweeping overhaul of the executive branch.
Waters has been outspoken in her opposition of the 900-page policy.
Recently, she shared “The People’s Guide to Project 2025” with the Inglewood Area Ministers Association, an organization of predominantly Black pastors, to inform them about the proposal’s impact, emphasizing that its influence would reach beyond the traditional spheres of presidential power. The 15-term politician from Los Angeles shared her sentiments with the House Financial Services Committee in July.
“Project 2025 promotes radical ideals to materially undermine the Federal Reserve, if not effectively abolish it,” Waters said.
Written by the Heritage Foundation, Project 2025 was developed with the input of a broad coalition of conservative organizations and is organized around four pillars: Policy, Personnel, Training, and the 180-Day Playbook. The proposals in the document aim to revamp every aspect of the U.S. government.
Waters is not the only person sounding the alarm about Project 2025’s agenda. Grassroot organizations in California and across the nation are preparing to combat the initiative despite who wins the election between Trump and U.S. Vice President Kamala Harris.
The National Assembly of American Slavery Descendants (NAASD), members of advocacy groups in California, and other Black political organizations across the nation are drawing up policy documents to counter the conservative Project 2025 initiative.
On Aug. 2, NAASD hosted a nationwide ZOOM conference call to discuss policies that concern Black communities. Nocola Hemphill, the president and chief executive officer of the U.S. Black Women’s Chamber, and grassroots organizations on the call are promoting what they call, #Reparations2025.
“I just want us to think about bringing all policies (ideas) together when we think about Project 2025,” said Hemphill, who lives in South Carolina. “I am excited about the possibility of us forming our own version of Project 2025 and having it published by the November election.”
NAASD is a nonprofit association of community activists from across the country that formed around May 2019.
Los Angeles resident Khansa “Friday” Jones Muhammad is the president of NAASD.
“The National Assembly of American Slavery Descendants (NAASD) envisions a nation where African American descendants of US slavery can fully exercise their constitutional citizenship rights and have economic agency for generations,” Muhammad told California Black Media (CBM).
While forming an agenda for #Reparation2025, NAASD has created a survey to determine how systemic racism and discrimination in the United States have affected Black American lives and single out options to repair harms through public policy. Participants in the survey would help the organization shape a national blueprint.
“During this election cycle, it is imperative that national Black organizations come together for collective success,” Muhammad shared with CBM. “While the vote for President of the United States is important, we need to also focus on other active projects such as ‘Project 2025,’ Supreme Court rulings around race and more.”
Muhammad added, “NAASD’s Black experience survey allows for individuals, Black organizations, and their allies to forge a pathway to reparations by utilizing community-building and policy.”
Antonio Ray Harvey
Gov. Newsom Touts California Economic Success
In a 20-minute interview on Oct. 10, Gov. Gavin Newsom said California’s economy is in great shape due to achievements in certain areas. The Governor was speaking at the 2024 California Economic Summit event hosted by California Forward in Sacramento. It was attended by more than 100 leaders from industry, community, and the private, public, and nonprofit sectors.
By Antonio Ray Harvey
In a 20-minute interview on Oct. 10, Gov. Gavin Newsom said California’s economy is in great shape due to achievements in certain areas.
The Governor was speaking at the 2024 California Economic Summit event hosted by California Forward in Sacramento. It was attended by more than 100 leaders from industry, community, and the private, public, and nonprofit sectors.
“It is an exciting and dynamic time,” said Newsom. “Thirty-two of the top 50 AI companies are all here in California. We dominate in tourism – record breaking tourism last year.”
“It isn’t by accident that California is an economic powerhouse,” Newsom continued. “Whether it be around education, infrastructure, or immigration, we’re following a formula for success.”
In Newsom’s overview of the state’s economy, he didn’t include why two companies decided to leave for the state of Texas. SpaceX and Chevron announced their departures over the summer.
Billionaire Elon Musk is moving the headquarters of his companies X and SpaceX from San Francisco to Texas. After 140 years of doing business in California, Chevron is heading to the southwestern state as well.
Chevron employs 2,000 workers in San Ramon. It operates crude oil fields, technical facilities, two refineries, and services more than 1,800 retail stations in California.
“There will be minimal immediate relocation impacts to other employees currently based in San Ramon. The company expects all corporate functions to migrate to Houston over the next five years. Positions in support of the company’s California operations will remain in San Ramon,” Chevron shared in an Aug. 2 press release.
Antonio Ray Harvey
Asm. Mike Gipson: Calif. Ports Need Dedicated Funding From State Budget
Assemblymember Mike A. Gipson (D-Carson), a member of the California Legislative Black Caucus (CLBC) and chair of the Assembly Select Committee on Ports and Goods Movement, said the state must provide seaports permanent funding for them to run optimally and remain competitive. “We have yet to see dedicated, ongoing, consistent money allocated to our ports from our state budget,” said Gipson during a news conference held at the State Capitol.
By Antonio Ray Harvey, California Black Media
Assemblymember Mike A. Gipson (D-Carson), a member of the California Legislative Black Caucus (CLBC) and chair of the Assembly Select Committee on Ports and Goods Movement, said the state must provide seaports permanent funding for them to run optimally and remain competitive.
“We have yet to see dedicated, ongoing, consistent money allocated to our ports from our state budget,” said Gipson during a news conference held at the State Capitol.
In August, Gipson released an interim report that features California ports’ crucial role in the state and national economy.
The 52-page “Chair’s Interim Report” includes an observation of the most critical issues facing the goods movement sector and lays out a blueprint to keep the state’s 11 ports competitive in a complicated and constantly shifting environment.
Gipson stressed that foremost among priorities is the need for the state to continue investing in docking places for cargo ships.
“We are still happy to make sure these ports are not left behind and not neglected,” Gipson said at the news conference. “We still see today that our ports are fighting to have allocations from our federal partners and federal dollars. This report elevates that we need our fair share,” he added.
Over the past year, the Select Committee on Ports and Goods Movement toured the state’s 11 public ports and hosted numerous hearings on the state of the ports. Gipson was first appointed chair by former Assembly Speaker Anthony Rendon (D-Lakewood). When Assemblymember Robert Rivas (D-Hollister) replaced Rendon as speaker, he asked Gipson to continue as Chair.
“The final tour stop for the Select Committee was the port of San Diego last spring. The tour highlighted the port’s efforts in green and sustainable operations,” Gipson told California Black Media (CBM). The tour gave select committee members a breakdown of all of the possibilities the port has to create for economic vitality and growth.
“It’s important that California policymakers support efficient, modern, and sustainable maritime operations while we reduce emissions to improve environmental and public health in our communities,” stated Frank Urtasun, chairman of the Port of San Diego Board of Port Commissioners.
In May, U.S. Sen. Alex Padilla (D-Calif.) announced a $112 million federal investment in that the Ports of Los Angeles and Long Beach (San Pedro Ports) will receive more than $112 million through a U.S. Army Corps of Engineers program for critical construction upgrades, operations and maintenance activities.
“The Ports of Los Angeles and Long Beach move 40 percent of the nation’s container imports, transporting the goods that power our economy,” said Padilla.
The report outlines the importance of ports up and down the state, Gipson said. They all serve a function whether they are located on the coast or inland.
Gipson says he learned that the Port of Oakland uploads and discharges more than 99% of the containerized goods moving through Northern California. Oakland’s cargo capacity was the ninth busiest container port in the country based on the 2023 calendar year.
The inland ports cities of West Sacramento and Stockton have “unique” harbor facilities that relieve congestions and facilitate distribution to inland destinations in the Sacramento and Central Valley regions, Gipson told CBM at the State Capitol.
“Each and every port in California plays a vital role and contributes to our supply chain. Not one port in California is more important than the next,” Gipson said. “Each and every port is essential to moving forward and essential to making sure California is the 5th largest economy in the world.”
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