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California’s $1 billion accounting program delayed again, could affect state credit

JANUARY 6, 2022 | by Wes Venteicher | THE SACRAMENTO BEE

By Wes Venteicher, includes “The update would have helped the Controller’s Office compare FI$Cal data to data in its legacy system to help ensure accuracy as the office prepares the state’s annual comprehensive financial statements, according to the report. … Started in 2005, the project has been repeatedly delayed and costs have increased. As part of the latest delay, the Fi$Cal department will pay contractors an extra $6 million for work through December 2022, according to the report.”

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