The State of California is the fifth largest economy—with Treasurer Fiona Ma serving as the state’s primary banker. The agency provides financing for schools, roads, housing, recycling and waste management, hospitals, public facilities and other crucial infrastructure projects.
The California STO has 16 boards, commissions and authorities it is responsible for, with each handling their own rulemakings and non-regulatory policymaking. The agency was looking to increase their speed to decision making and create the most efficient workspace for rulemaking.
Esper and the California STO partnered in November of 2021 with the joint goal of modernizing and streamlining this critical policymaking work. The agency’s Debt Limit Allocation Committee (CDLAC) and Tax Credit Allocation Committee (CTCAC) will utilize Esper’s policy management platform as their source of truth for their regulatory research and policymaking.
Esper’s solution will provide leadership with visibility into a task-driven process to improve services for all stakeholders. This SaaS business model also allows California STO to onboard additional committees and policymaking activities into the platform.
CDLAC and CTCAC can now easily search all of their regulations, laws and policy documents—and collaboratively draft amendments and repeals from the same platform.
CDLAC and CTCAC will be using Esper’s platform to:
- Streamline overall policymaking processes and workflows
- Create a source of truth for regulatory research and policymaking
- Increase collaboration across rulemakings with key stakeholders
- Provide leadership with visibility into policymaking process