Tag Archives: california

Californians call your congressional representative – House tax plan would hurt Cali homeowners

A big issue is that California has the highest state income tax rate in the nation but among the lowest property tax rates. The bill dramatically scales back a deduction for state and local taxes, limiting the deduction to just property taxes and capping it at $10,000. About a third of California taxpayers took the deduction in 2015.

The GOP tax plan unveiled Thursday would be a blow to many California taxpayers. That’s not a deal breaker for California’s Republicans, who so far seem optimistic the bill is the best deal for their constituents.

Even as some Republicans from states that would also lose out under the plan threatened to vote no, Californians’ reactions ranged from merely skeptical to enthusiastic.

read more at: http://www.sandiegouniontribune.com/news/us-politics/la-pol-ca-tax-cuts-reaction-20171103-story.html

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California – Fire victims can apply for tax relief and FEMA grants

Financial help is coming for California fire victims in the form of income- and property-tax relief for individuals and businesses in most affected counties and federal grants and loans for those in Sonoma, Napa, Butte, Lake, Mendocino and Yuba counties.

The Federal Emergency Management Agency made “individual assistance” available to people and businesses in Sonoma County starting Thursday and those in Napa County starting Friday. FEMA added Butte, Lake, Mendocino and Yuba counties to the list Saturday.

Previously, FEMA had only made funds available in seven North Bay counties for “public assistance” such as debris removal and emergency services. On Friday, it added public assistance for Solano County and Orange County in Southern California, which is also fighting wildfires.

In the designated counties, homeowners, renters and businesses can now apply for grants (which don’t have to be repaid) or low-interest loans to cover uninsured fire-related expenses such as temporary housing; funeral and emergency medical costs; replacing personal property, including cars; and repairing and replacing homes and buildings.

FEMA officials encouraged all fire victims to file an insurance claim as soon as possible, but also apply for FEMA assistance where available, because it could cover uninsured expenses or costs that exceed their coverage limits.

read more at: http://www.sfgate.com/business/networth/article/Where-fire-victims-can-apply-for-tax-relief-and-12276770.php  

Disclaimer: for information and entertainment purposes only

California Spends Big Money On Alternative Energy

— California has spent billions of dollars in recent years on alternative energy programs, even as education, public safety and other spending was cut, a newspaper reported.

Over the years, state money has funded some failed projects and private companies with political ties, the Los Angeles Times ( http://lat.ms/16GLqlv ) reported Sunday.

“Suddenly, you look up and there are literally hundreds of millions of dollars going into investments that produce marginal benefits,” said state Sen. Roderick Wright, D-Inglewood, who sits on the Energy, Utilities and Communications Committee.

For example, California agencies are investing nearly $15 million to build hydrogen fueling stations, though there are little more than 200 hydrogen-powered vehicles in California. Other purchases include milk trucks that run on cow manure.

Typically, projects are paid for with little-noticed consumer fees or small charges on electricity bills. A $3 fee on license plates is paying for the hydrogen fueling stations.

State disbursements last year included $317 million for renewable-energy projects; about $250 million for advanced transportation projects; and $44 million for research grants, according to a report by the Legislative Analyst’s Office.

The programs make California an international leader in an emerging field, said Michael Peevey, president of the California Public Utilities Commission.

“We are on a mission to deal with climate change,” he said. “It is considered a great success story.”

His commission estimated that each year, the various fees add $24 to the average electric bill for a residence and $12 to the average gas bill.

Much of the nearly $15 billion the state has spent on energy efficiency and alternative energy over the past decade moved through about 20 programs run by the commission, the California Energy Commission and the Air Resources Board.

read more at: http://m.utsandiego.com/news/2013/oct/14/california-spends-big-money-on-alternative-energy/