California Housing Affordability Holds Steady In 3rd Quarter Despite Wages & Lower Interest Failing To Raise Purchases

California Housing Affordability Holds Steady In 3rd Quarter Despite Wages & Lower Interest Failing To Raise Purchases

Los Angeles, CA…Rising wages and slightly lower interest rates did little to improve California’s housing affordability, which remained flat compared to the previous quarter, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California in third-quarter 2016 remained at 31 […]

Measure P: No Local Tax To Build New Recreation Center & Boys & Girls Club Headquarters

Measure P: No Local Tax To Build New Recreation Center & Boys & Girls Club Headquarters

South Lake Tahoe, CA…Measure P will be a key initiative on the City of South Lake Tahoe’s Nov. 8 ballot as a tourist-only tax to help rebuild the area’s aging Recreation Center. Without raising taxes on local residents and businesses, Measure P will bring an estimated extra $2 million a year to support the community. […]

Oil & China Continue To Drag Markets Down

Oil & China Continue To Drag Markets Down

New York, NY….The Dow Jones Industrial Average is down over 500 points in intraday trading as the worldwide oil glut, dropping oil prices and uncertainty in China’s stock market continue to weigh on markets. The only silver lining is that dropping gas prices continue to help energy costs for businesses and consumers.

2014 Taxpayers’ Bill of Rights Hearings in Culver City June 24

2014 Taxpayers’ Bill of Rights Hearings in Culver City June 24

Sacramento, Ca – Individuals and businesses with ideas or concerns about the administration and oversight of California’s business and property taxes are invited to attend the Board of Equalization’s (BOE) annual Taxpayers’ Bill of Rights hearings in Culver City on June 24, 2014. “We invite California taxpayers to share with us their ideas for how […]

Rabobank Highest in Customer Satisfaction in California Four Years Running, According to J.D. Power

Rabobank Highest in Customer Satisfaction in California Four Years Running, According to J.D. Power

Roseville, Ca — For the fourth straight year, Rabobank N.A. has ranked highest in customer satisfaction among retail banks in California, according to J.D. Power. The global marketing information services company’s 2014 U.S. Retail Banking Satisfaction Study℠ (http://www.jdpower.com/press-releases/2014-us-retail-banking-satisfaction-study) reported that, over the prior year, Rabobank rose further apart from other banks examined in the state. […]

Top 500 Sales and Use Tax Delinquencies in California

Sacramento, Ca – The California State Board of Equalization (BOE) updated its online list of the Top 500 sales and use tax delinquencies, which total $491.2 million in taxes through the second quarter of 2014. Also, an interactive map displays location, account name, and amount owed by delinquent taxpayers.   Legislation enacted in 2011 (AB 1424, Perea) expanded the former Top 250 […]

Counterfeiters Beware – Bill to Tax Dealers in Bogus Goods Clears Assembly

Counterfeiters Beware – Bill to Tax Dealers in Bogus Goods Clears Assembly

Sacramento – Board of Equalization Chairman Jerome E. Horton today announced that BOE-sponsored legislation to crack down on large-scale counterfeit goods suppliers has overcome another legislative hurdle. Assembly Bill 2681 moved off the Assembly floor today. “Right now, if our investigators find a huge warehouse full of unstamped cigarettes, the law allows us to pursue the wholesaler for […]

US Economy Contracted In First Quarter of 2014

US Economy Contracted In First Quarter of 2014

Washington, DC…Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 1.0 percent in the first quarter according to the “second” estimate released by the Bureau of Economic Analysis.  In the fourth quarter, real GDP increased 2.6 […]

Costly, Duplicative Mining Bill Fails Passage

Costly, Duplicative Mining Bill Fails Passage

SACRAMENTO, CA…Late last week, Senate Bill 1270 (Pavley) failed to pass out of the Assembly Appropriations Committee at the Committee’s Suspense File hearing. The Rural County Representatives of California (RCRC) was opposed to SB 1270, as the legislation sought changes to surface mining permitting and regulation, would have undermined local land use planning authority, and […]

City of South Lake Tahoe Launches Advanced Budget Transparency Platform

City of South Lake Tahoe Launches Advanced Budget Transparency Platform

South Lake Tahoe, CA – The City of South Lake Tahoe and OpenGov.comannounced the release of a powerful new tool that presents and visualizes the City’s revenues and expenses—from multi-year trends to object-level details.  By leveraging the OpenGov Platform, citizens and staff can use the web-based software to enhance access, understanding, and analysis of the City’s annual budget.  […]