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SACRAMENTO – The unified California golf industry formally released findings last week from The California Golf Economy: Economic & Environmental Impact Report. Industry leaders gathered at Del Paso CC (Sacramento, Calif.) to share the 52-page report with media and governmental leaders.
Commissioned by Golf 20/20 for the California Alliance for Golf (and prepared by SRI International) the study documents the golf industry's financial impact upon the state – $13.1 billion of overall economic activity that supports more than 128,000 jobs, $4.1 billion of wage income, and more than $346.6 million in charitable giving annually.
The study also details the golf industry's environmental record with respect to water conservation, energy efficiency, and prudent environmental stewardship.
"Golf is more than a game; it is a business providing economic vitality for myriad California communities, jobs for thousands of residents, healthy outdoor recreation for families, necessary green space, and millions of dollars in charity to various local community causes," said California State Senator Ted Gaines (R-El Dorado Hills).
According to the 2013 study, with 921 unique golf facilities within the state, golf in California is an industry that generates more direct economic activity than movie theaters, fitness/recreational sports, greenhouse/nursery crops, and amusement/theme parks.
It brings visitors to the state, spurs new construction, generates retail sales, and creates demand for a myriad of goods and services ancillary to the industry.
Almost unique among participatory sports, golf gives back through direct charitable activities and supports hundreds of non-profit organizations dedicated to youth, seniors, individuals with disabilities plus educational initiatives and other community-based endeavors.
“The golf industry adds $13 billion to the California economy, provides jobs for thousands, charity to many, and outdoor recreation for persons of all ages,” commented California State Senator Steve Knight (R-Santa Clarita).
In addition to the economic impact of golf, the SRI study provides keen insight into the golf industry’s use of water.
The study reveals that golf consumes less than 1.2 percent of the total water used to irrigate crops, accounts for less than 1 percent of the total fresh water consumed in the state, and generates significantly higher economic returns per acre-foot of water than most other water-intensive industries.
The CAG General Membership Meeting and News Conference included representation from the following allied golf organizations: Northern California Golf Association (NCGA), Southern California Golf Association (SCGA), Northern California PGA Section (NCPGA), Southern California PGA Section (SCPGA), California Golf Course Superintendents Association (CGSAA), Pacific Women’s Golf Association (PWGA), Women’s Southern California Golf Association (WSCGA), Women’s Golf Association of Northern California (WGANC), Women’s Public Links Golf Association of Southern California (WPLGA), Golden State Chapter of the Club Manager’s Association (CCMA), California Turfgrass & Landscape Foundation, (CTLF), Southern California Municipal Golf Association (SCMGA), California Golf Course Owners Association (CGCOA), San Francisco Public Golf Alliance (SFPGA) and the Northern California Golf Representatives Association (NCGRA).
Also in attendance were representatives of leading golf management companies including: American Golf Corporation, Club Corp, CourseCo, Empire Golf, Greenway Golf, Kemper Sports, Poppy Holding Inc., ValleyCrest, and a contingent of media representatives.
“After weathering the deepest recession since the 1930s and dealing with some of the over saturation caused by the boom of the 90’s, we’re headed back up again,” said California Alliance for Golf President and Southern California PGA Section CEO Tom Addis III. “It is apparent that our industry agrees, and continues to care about the future of the game, well-evidenced by the representation we had at our recent general membership meeting and news conference.”
To obtain a copy of The California Golf Economy: Economic & Environmental Impact Report and/or its executive summary visit The California Alliance for Golf Web site: http://www.cagolf.org/governmentrelations/golf-economic-study.html .
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SACRAMENTO – State Controller John Chiang on Wednesday released his report covering California's cash balance, receipts and disbursements in April 2013.
Total revenues equaled $15.03 billion, narrowly missing estimates by $119.9 million (-0.8 percent).
Through the first 10 months of the fiscal year, total revenues exceeded the governor's January projections by $4.6 billion (+6.1 percent). Personal income taxes led the gains by exceeding expectations by $4.4 billion (+8.5 percent).
“We've reached an important milestone in California's economic recovery. For the first time in nearly six years, we closed out a month without borrowing from internal state funds to pay our bills,” said Chiang. “But, there remains significant debt that must be shed before we can claim victory and these unanticipated revenues provide us with an important opportunity to take further steps toward long-term fiscal stability.”
During the past six years, the state was forced to borrow at unprecedented levels from its own internal special funds and from Wall Street in order to meet its payment obligations.
More aggressive cash management tools were also deployed, including the withholding of some payments and the use of IOUs for only the second time since the Great Depression.
June 2007 was the last time the state was able to pay its bills without leveraging its internal funds.
The state ended the last fiscal year with a cash deficit of $9.6 billion, and by April 30, 2013, that cash deficit narrowed to $5.8 billion. That deficit is being covered by $10 billion in external borrowing, which the state will begin repaying later this month.
Personal income taxes for April came in $275 million below (-2.2 percent) monthly estimates outlined in the governor’s budget. This was largely due to fewer returns filed and more refunds paid out than expected in the month of April.
Corporate taxes for April were $6.6 million above (0.5 percent) monthly estimates. Sales tax receipts were $113.4 million above (26.6 percent) estimates.
Track how April personal income tax receipts flowed by visiting the Controller’s revenue tracker, http://www.sco.ca.gov/april_2013_personal_income_tax_tracker.html .
For more news, please follow the Controller on Twitter at @CAController, and on Facebook at California State Controller's Office.
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