November revenue collections from the state’s three largest taxes – the personal income tax, corporation tax, and sales tax – were ahead of budget projections by $2.4 billion (33 percent), and total collections for the first five months of the 2020-21 fiscal year …
“A sizeable revenue windfall” of approximately $26 billion is taking shape for the state government because the pandemic-caused recession has had “a muted effect on tax collections …
California voters have rejected Proposition 15, the split-roll initiative that proposed the largest property tax increase in state history, with 51.9 percent of the voters in opposition.
California voters may have rejected Proposition 15, the split-roll initiative that proposed the largest property tax increase in state history…
With three days until the November 3 election, recent polls continue to indicate that the split-roll initiative (Proposition 15) will either pass or fail by a very narrow margin.
When Governor Gavin Newsom closed California’s economy in response to the COVID-19 pandemic in March, the Department of Finance estimated that the state would face a $54.3 billion budget deficit…
Governor Gavin Newsom this week vetoed SB 972 (Skinner), a CalTax-opposed bill that would have required the state to disclose confidential taxpayer information.
Governor Gavin Newsom and Controller Betty Yee this month endorsed Proposition 15, the split-initiative on the November ballot, while a new poll shows the measure is losing popularity with likely voters.
The union-backed campaign supporting Proposition 15 – the split-roll measure that would require reassessment of commercial and industrial properties at least every three years …
The Assembly voted 42-20 on August 26 to approve SB 972 (Skinner), a CalTax-opposed bill requiring disclosure of confidential taxpayer information.
