Property tax revenue increased 4 percent ($3.2 billion) statewide from 2021 to 2022, growing to $83.1 billion in local
property tax revenue that supports schools and local government, the State Board of Equalization reported April 18 with
the release of its 2021-22 Annual Report.
Lawmakers are considering a budget request from Governor Gavin Newsom to spend $402 million in general fund money in 2023-24 for a state office complex that will include a new headquarters for the California Department of Tax and Fee Administration.
For the first time in National Basketball Association history, all four California teams are in the playoffs at the same time – a situation that will generate a significant amount of extra tax revenue for the state and local governments.
The Office of Tax Appeals released 41 opinions April 3, including one marked pending precedential – a 3-0 decision upholding the Franchise Tax Board’s position in a dispute over the taxpayers’ gain from the sale of qualified small business stock (the Appeal of R. Nag and S. Rudd).
Former CalTax President Teressa Casazza was honored with the inaugural David R. Doerr Medal for Excellence in Tax Policy on March 23 during CalTax’s 97th Annual Meeting in Sacramento.
Despite the discovery that she plagiarized much of her writing, Jean McCorquodale will keep the $1 million given to her by Santa Clara County to write a book about the county’s history, the San Jose Mercury News reported March 13.
The San Francisco Unified School District board voted March 15 to allocate an additional $5.1 million toward fixing the school district’s payroll system, San Francisco Examiner reported March 15, noting that this brings “the total cost of the troubled software to $30 million.”
