Posts by Annie

24 May

State Budget

Half of Assembly Signs Letter Urging Rejection of Governor’s Proposals to Suspend NOL Deduction and Limit Tax Credits

• May 24, 2024
• By Annie

A bipartisan group of 40 state Assembly members – half of the house’s membership – signed a May 22 letter asking leadership to reject G...

Continue reading

17 May

State Budget

Governor Proposes $18 Billion Business Tax Increase to Reduce Budget Deficit

• May 17, 2024
• By Annie

Governor Gavin Newsom unveiled his May budget revision May 10, presenting a 2024-25 plan with provisions that cumulatively represent an...

Continue reading

10 May

Local Tax Elections, Local Taxes

Voters Reject Four of Six Parcel Taxes in May 7 Special Elections

• May 10, 2024
• By Annie

Voters in various parts of the state approved one parcel tax and rejected four in special elections that concluded May 7, while another...

Continue reading

03 May

California Gas Prices

Gas Tax Increasing to 59.6 Cents Per Gallon Effective July 1

• May 3, 2024
• By Annie

California’s excise tax on gasoline will increase from 57.9 cents per gallon to 59.6 cents per gallon July 1, the California Department...

Continue reading

26 Apr

State Budget

State Revenue Is 4 Percent Below Forecast for 2023-24 Fiscal Year

• April 26, 2024
• By Annie

General fund revenue was $243 million (1.6 percent) below the governor's budget forecast for March and $5.8 billion (4 percent) below t...

Continue reading

19 Apr

Waste, Fraud, & Mismanagement

San Francisco Housing Organization Spent Tax Dollars on Bonuses and Gifts for Staff, Audit Reveals

• April 19, 2024
• By Annie

The taxpayer-funded nonprofit HomeRise, one of San Francisco’s developers of affordable housing, misused millions in tax dollars – incl...

Continue reading

12 Apr

Property Tax, Property Tax Revenue

Property Tax Revenue Increased 7.1 Percent From 2022 to 2023, BOE Reports

• April 12, 2024
• By Annie

The value of assessed property in California increased 6.4 percent from January 1, 2022, to January 1, 2023, to reach $8.3 trillion, th...

Continue reading

05 Apr

California's Competitiveness

Bipartisan Group of Minnesota Lawmakers Considering Tax Incentive to Attract Data Centers

• April 5, 2024
• By Annie

“A bipartisan group of Minnesota lawmakers is considering a bill that would grant an up-front sales tax break for the construction of l...

Continue reading

15 Mar

California Taxes, CalTax Foundation

More Than $193.28 Billion a Year in Higher Taxes and Fees Under Consideration by Lawmakers

• March 15, 2024
• By Annie

California’s state lawmakers considered increasing taxes and fees more than $193.28 billion a year during the first two months of 2024,...

Continue reading

01 Mar

Waste, Fraud, & Mismanagement

Group Carried Out ‘Egregious’ Scheme to Defraud Taxpayers, San Francsico City Attorney Says

• March 1, 2024
• By Annie

San Francisco City Attorney David Chiu announced February 27 that city officials recently uncovered “an egregious and intentional schem...

Continue reading