Ron Galperin

Produced audited financial statements, performance audits and public reports that became primary reference material for investors and rating agencies evaluating LA municipal bonds. Launched and expanded online transparency portals containing budgetary data, contracts and long‑term liability schedules that were subsequently cited in bond offering documents and analyst reports. Ordered targeted audits that identified contingent liabilities and pension-related exposures, and delivered formal audit findings to the Mayor and City Council; those documented results were used by underwriters and rating agencies to re‑price risk and to adjust covenant language in subsequent bond issues. The Controller's office also issued periodic investor‑oriented fiscal updates, improving the flow of verified information into the market. By institutionalizing regular, accessible disclosure and by publicly challenging fiscal assumptions through audit findings, the Controller's actions materially reshaped investor behavior and secondary market liquidity for LA securities. The effect is observable in changed investor due diligence practices and adjustments to spreads on comparable LA bond offerings following major Controller reports.