California’s New Employment Credit has remained underutilized due to the complexity of claiming the credit, according to testimony at a March 8 hearing of the Senate Governance and Finance Committee.
State Controller Malia Cohen announced February 28 that California has joined MissingMoney.com, a free national website created to reunite people with unclaimed property.
California’s administration of the Unclaimed Property Law (UPL) does not violate residents’ constitutional rights, the First District Court of Appeal ruled February 28, siding with State Controller Malia Cohen and dismissing a class-action suit filed a decade ago.
An independent audit of the Stockton Unified School District released February 14 found “sufficient evidence to demonstrate that fraud, misappropriation of funds and/or assets, or other illegal fiscal practices may have occurred in the specific areas reviewed.”
“San Francisco’s large companies are shouldering a tax burden that’s more than double that of the Bay Area city with the next-highest tax burden on big businesses – Oakland,” the San Francisco Business Times reported today, citing a new study by the Bay Area Council Economic Institute.
Seventy percent of Californians believe they are paying too much in state and local taxes, compared with 4 percent who say they are paying less than they should, according to a Public Policy Institute of California poll released February 2.
