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California Budget Done, Finance Chief Matasantos to Leave

June 28 (Bloomberg) -- Ana Matosantos, who oversaw California’s finances under both Republican Arnold Schwarzenegger and Democrat Jerry Brown, will step down in September, according to a statement from the governor’s office.

The announcement didn’t say why Matosantos, 37, was leaving or what she would do next. She will be replaced by her deputy, Michael Cohen, who formerly worked for the independent Legislative Analyst’s Office, Brown said in the statement.

The move came one day after the governor signed a $96.3 billion budget crafted by Matosantos that included the first surplus following almost a decade of chronic deficits.

Matosantos didn’t immediately respond to a telephone message seeking comment on her departure.

Matosantos, a Democrat, served as deputy budget director under Schwarzenegger until December 2009, when the governor promoted her to succeed Michael Genest as chief. Brown kept her on when he took office in January 2011.

Matosantos was arrested for driving under the influence in October 2011 and offered to quit at the time. Brown refused her resignation.

Cohen, 40, was appointed deputy director in January, 2011. Before that, he worked for the Legislative Analyst, which advises lawmakers and the governor on fiscal issues. He will earn $180,250 a year, according to the statement from Brown’s office.

To contact the reporter on this story: Michael B. Marois in Sacramento, California, at mmarois@bloomberg.net.

To contact the editor responsible for this story: Stephen Merelman at smerelman@bloomberg.net

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