Business News
SACRAMENTO – State Controller John Chiang on Thursday released his monthly report covering California’s cash balance, receipts and disbursements in January.
Total receipts for the month were $714.5 million, or 8.1 percent higher than estimates found in the Governor’s proposed 2011-12 State Budget.
ales taxes were up $192.4 million (19.2 percent) in January, but corporate taxes were down $69.2 million (-16.4 percent).
“January revenues rose above expectations, but unemployment has remained in the double digits. And while the stock market was up, January corporate taxes were down,” said Chiang. “These mixed messages tell us we still have a long way to go. We urgently need a solid budget with real solutions for California.”
In the month of January, personal income taxes came in $628.4 million above (8.8 percent) estimates. Part of this jump was due to lower-than-expected taxpayer refund payments, possibly because taxpayers are filing later than usual.
The State Controller’s Office expected to issue $380 million in the month of January, but only $197 million was sent to taxpayers.
The state faced an $18.5 billion cash deficit on January 31. That deficit was covered by $8.5 billion of internal borrowing – short term loans from special funds – and $10 billion of external borrowing.
The controller also launched a new section of his Web site Thursday showing basic information on State revenues and program funding over the past 10 years.
State Finances 101, along with January 2011's financial statement and the summary analysis, can be found on the controller's Web site at www.sco.ca.gov.
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LAKE COUNTY, Calif. – The Lake and Mendocino County Departments of Agriculture, in conjunction with the Lake and Mendocino County Farm Bureaus and the University of California, is offering a one-day training session for persons who handle and apply pesticides.
This will be a hands-on style training covering six major areas of concern for pesticide applicators.
The training is being offered in both English and Spanish.
Every participant will receive a written training record (as required by law) for the three pesticides that will be covered. Four and a half hours of continuing education credits will also be available.
The training will be held at the Lake County Fairgrounds (Baldwin Pavilion), 401 Martin St., Lakeport on March 3.
The cost is $35 for Farm Bureau members or $50 for non-members.
The fee includes refreshments, lunch, safety glasses and gloves, handouts and other materials.
Space is limited and pre-registration is required.
Registration fees received after Feb. 18 will be increased by $5.
Special thanks to sponsors of the training go to American Ag Credit, Western Plant Health Association, Gil Schoux Plumbing, Kelseyville Lumber, Amerigas and State Compensation Insurance Fund.
To register for this training, please call the Lake or Mendocino County Agricultural Departments, the Lake or Mendocino County Farm Bureaus.
Registration forms are also available at the four locations. Please call 707-263-0911 for more information.
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