Feb. 26, 2014

Issue #15

Editor's Note

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Board of Equalization Approves Lower Gas Excise Tax Rate

The California State Board of Equalization (BOE) on Tuesday, Feb. 25 unanimously approved lowering the state’s gas excise tax rate by 3.5 cents per gallon. The rate change will reduce the state’s excise tax from 39.5 cents to 36 cents starting July 1 and expiring June 30, 2015. The board’s decision returns the excise tax rate to the previous 2013 rate of 36 cents per gallon.

Revenue and Taxation

CPUC Announces Public Workshops to Discuss New Broadband Access in Public Housing Comments

The California Public Utilities Commission announced workshop dates to discuss public comments received relating to the implementation of AB 1299. Signed by Gov. Jerry Brown in October 2013, AB 1299 brings broadband Internet access to affordable multifamily housing by diverting $20 million from the California Advanced Services Fund (CASF) Infrastructure Account and $5 million from the CASF Loan Account into a newly created Broadband Public Housing Account (BPHA).

Telecommunications, Meetings and Events

New Report Analyzes California Local Government Finances from 2007 to 2013

Dr. Max Neiman of the University of California Berkeley and Jeremy Goldberg, deputy chief of staff of Civic Innovation with the city of San Jose, recently released a report through the IBM Center for the Business of Government that looks at California municipal finance. The report, Managing Budgets During Fiscal Stress: Lessons for Local Government, examines the period from just prior to the start of the great recession to last year as the financial crisis really shifted, and presents findings and recommendations for managing at the local level given budget constraints.

Municipal Finance
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