Taxes
California Supreme Court Removes Taxpayer Protection Act from the November Ballot
California Supreme Court Removes Taxpayer Protection Act from the November Ballot State Legislation, Taxes The California Supreme Court voted to remove the Taxpayer Protection and Government Accountability Act (TPA) from the November ballot. TPA aimed to reinstate the two-thirds majority vote requirement for new taxes and grant voters the authority to approve or reject new…
Read MoreLong Beach Considers Transfer Tax to Shore Up Revenue
This week, the Long Beach City Council will be presented with revenue options to compensate for declining oil tax revenues. A transfer tax proposal modeled on Measure ULA is among the revenue options on the menu.
Read MoreGlendale City Council Split on Taxes
At the Glendale City Council’s first budget study session, the city council was presented with ideas for new taxes, including a transfer and parcel tax.
The other proposed taxes included a business license tax and a marijuana tax proposal.
TPA Gets Supreme Court Hearing Date
The California Supreme Court has now set a hearing date of May 8th for oral arguments for and against the measure’s removal from the ballot.
It would be unprecedented for the court to remove TPA from the ballot, and we hope the court dismisses the request for its removal from the ballot. The state is arguing that the changes this ballot measure brings are too significant for just the voters to decide on.
Read MoreMeasure ULA Challenged in Federal Appeals Court
Newcastle Courtyards has just requested that the US Court of Appeals for the Ninth Circuit review and reverse the federal judge’s decision to dismiss this case. The reality is the ULA has been a tax impacting more than just “mansions” and is not meeting the promise sold to voters.
Read MoreBoard of Supervisors Pursue Streamlining Property Tax Appeals
At their April 9th meeting, the LA Board of Supervisors directed the agencies responsible for property tax assessments to find ways to streamline the process.
Current backlogs result in delayed refunds and corrected tax assessments for our members.
California Fuel Tax Revenue to Decline by Billions
With California being a leader in electric vehicles, reports estimate that it could come at the expense of fuel tax revenue.
Read MoreULA Revenue Oversight Continues
The Los Angeles City Council has unanimously voted to receive monthly revenue reports on Measure ULA.
Read MoreMayor Bass Signs Executive Directive to Promote Small Business Growth
Los Angeles Mayor Karen Bass has signed an executive directive aimed at identifying roadblocks that slow down small business creation, development, and growth.
Read MoreGovernor Newsom Releases 2023-2024 Budget Featuring $22.5 billion Deficit
After years of historic budget surpluses, California is preparing for a multi-billion-dollar budget deficit for 2023.
Earlier this week, Governor Newsom outlined budget cuts needed to tackle the $22.5 billion dollar deficit.
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