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Board Members

Taxpayers in California elect two of the three members that makeup the Franchise Tax Board.

The board is consists of:


Betty T. Yee

State Controller
Chair, Franchise Tax Board

State Controller Betty T. Yee was elected in November 2014, following two terms of service on the California Board of Equalization. As Controller, she continues to serve the Board as its fifth voting member.

Ms. Yee was first elected to the Board of Equalization in 2006 where she represented 21 counties in northern and central California.  She was elected to her second four-year term in 2010.

Now serving as the state’s chief fiscal officer, Ms. Yee also chairs the Franchise Tax Board and serves as a member of the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) Boards. These two boards have a combined portfolio of nearly $500 billion.  Ms. Yee also serves on the Ceres Board of Directors, a nonprofit organization working to mobilize many of the world’s largest investors to advance global sustainability and take stronger action on climate change.

Ms. Yee serves on dozens of boards and commissions with authority ranging from land management to crime victim compensation.  As a member of the State Lands Commission (and chairperson in even-numbered years), she helps provide stewardship of public-trust lands, waterways, industrial wharves, marine terminals, pipelines, and resources through economic development, protection, preservation, and restoration consistent with the state’s environmental needs.  The development and extraction of oil, gas, and geothermal resources are part of the Commission’s purview, as well.  Through other financing authorities, Ms. Yee is dedicated to creating incentives that will increase the number of affordable housing units in California, given that demand consistently outpaces supply.

Ms. Yee has over 30 years of experience in public service, specializing in state and local finance and tax policy.  Ms. Yee previously served as Chief Deputy Director for Budget with the California Department of Finance where she led the development of the Governor’s Budget, negotiations with the Legislature and key budget stakeholders, and fiscal analyses of legislation on behalf of the Administration.  Prior to this, she served in senior staff positions for several fiscal and policy committees in both houses of the California State Legislature. She also cofounded the Asian Pacific Youth Leadership Project, which exposes California high school youth to the public service, public policy, and political arenas.

A native of San Francisco, Ms. Yee received her bachelor’s degree in sociology from the University of California, Berkeley, and she holds a master’s degree in public administration.

For more information about the State Controller’s Office, please visit their website.


Malia M. Cohen

Chair, Board of Equalization

Malia M. Cohen serves as a Member of the California State Board of Equalization (BOE), California’s elected tax commission. She was elected to the BOE in November 2018 and is the first African-American woman to serve on the Board.

As the BOE Board Member for District 2, she represents 10 million constituents living in all or parts of 23 counties extending from Del Norte County in the north to Santa Barbara County in the south. In January 2019, her BOE Board Member colleagues unanimously selected her to serve as Chair of the Board.

A strong advocate for social justice and inclusion, Chair Cohen pledges to ensure that the views of all who come before the Board of Equalization are considered carefully, with respect, civility, and courtesy. She further commits to collaborate with her colleagues to guarantee that all the actions of the BOE are open, transparent, and above reproach.

Prior to being elected to the Board of Equalization, Chair Cohen served as President of the Board of Supervisors of the City and County of San Francisco. She was first elected to the Board of Supervisors in 2010 and re-elected in 2014.

As a Member of the San Francisco Board of Supervisors, she served as the Chair of the Budget and Finance Committee. As Finance Chair, she oversaw the adoption of an $11 billion budget, and measures concerning bond issues, taxes, fees, and redevelopment and real estate matters. She also served as a fiduciary member of the San Francisco Transportation Authority, which manages the proceeds of a half-cent sales tax that generates $100 million annually for transportation investments in the County.

Previously, she served as a Commissioner of the San Francisco Employee Retirement System (SFERS), which manages a $23 billion pension fund. As President of SFERS, she led efforts to divest from fossil fuels and thermal coal investments and moved $100 million into a fossil fuel-free index fund.

Throughout her life, Chair Cohen has fought for diversity and inclusion. She has championed policies and programs that protect public health, foster economic development, promote new affordable housing, and that create good jobs through protecting and expanding our manufacturing base.

Chair Cohen was born and raised in San Francisco. She earned a Bachelor of Arts degree in Political Science from Fisk University, a historically Black university in Nashville, Tennessee, and a Master’s in Science in Public Policy & Management from Carnegie Mellon University in Pittsburgh, Pennsylvania.


Keely Bosler

Director of Finance

Keely Bosler was appointed as Director of the California Department of Finance by Governor Jerry Brown in August 2018. She serves as the Governor’s chief fiscal policy advisor. Prior to becoming Director, she served as Cabinet Secretary in the Office of the Governor from 2016 to 2018. Director Bosler served as Chief Deputy Director for budget at the Department of Finance from 2013 to 2016.

Director Bosler was Staff Director for the California State Senate Budget and Fiscal Review Committee from 2010 to 2013, where she was a consultant from 2004 to 2009. She served as Associate Director for fiscal services at the California Department of Corrections and Rehabilitation’s Budget Management Branch from 2009 to 2010, and as a Fiscal and Policy Analyst at the California Legislative Analyst’s Office from 2000 to 2004.

Director Bosler earned a Master of Science degree in applied economics from Cornell University.

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Last Updated: 03.01.2019

 

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