Economic Forecasting for California's Controller
The FBEI is the Economic Forecasting Unit to the California State Controller's Office, enabling the controller to fulfill his constitutional duties as the chief fiscal officer of the State. The FBEI's chief economist, Dr. Lynn Reaser, assumes the role of the chief economist of the Controller's Council of Economic Advisors. She has served the council as a member since 2010 and has advised the controller on economic issues related to California's economy, the state's fiscal health, and the most efficient use of state resources. She also authors economic articles for the controller's website. In her role as chief economist, she conducts special sessions for the controller and his executive staff on critical economic topics, issues, and trends.
While the role of providing these services is multifaceted, it is primarily centered on providing high-level independent macroeconomic analysis to the Honorable John Chiang, California State controller. Some of the critical responsibilities for the FBEI team (composed of Associate Dean Randy Ataide, Chief Economist Lynn REaser, Director Cathy Gallagher, Assistant Director Jenny Ross, Research Associate Dieter Mauerman, and Assistant Cameron Foltz) is to provide data and analysis to the California State controller's executive staff, analysis and verification of state cash flow estimates, as well as assist in the research, data preparation, analysis and display of economic and fiscal conditions.