Business News
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- Written by: Shannon Ridge Family of Wines
Reporting directly to Clay and Angie Shannon, he will be responsible for sales and distribution throughout the US.
Altomari brings 17-plus years of industry experience to this new position.
Prior to joining Shannon Ridge Family of Wines, Altomari’s employers included Hundred Acre Wine Group, Treasury Wine Estates and Southern Wine and Spirits, based in the Chicago and Florida markets.
“I’m beyond excited to join such a well-respected and family-owned company as Shannon Ridge Family of Wines,” said Altomari. “I’ve worked my entire career to reach this level and will have one of the most organized and productive sales teams in the industry.”
Altomari obtained his Bachelor of Science in marketing from the Pennsylvania State University, major in marketing with minors in information systems and statistical analysis, and speech communication. He will be relocating to Nashville, Tennessee.
“With his experience and high energy level, we think Brian will take our sales and distribution to the next level,” said Angie Shannon. “We’re very excited to have him join our team.”
The Shannon Ridge Family of Wines portfolio includes Cross Springs, Dalliance, High Valley, Hillgate, Playtime, Vigilance Vineyards, and Shannon Ridge. Visit the company online at www.shannonridge.com.
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- Written by: Lake County News Reports
Total revenues of $6.63 billion for July were lower than anticipated by $294.7 million, or 4.3 percent.
While sales taxes missed the mark, personal income tax (PIT) and corporation tax – the other two of the “big three” revenue sources – came in higher than projected.
For July, PIT receipts of $5.22 billion were $231.7 million, or 4.6 percent, more than expected.
July corporation taxes of $446.4 million were $82.2 million, or 22.6 percent, above 2018-19 Budget Act assumptions.
Sales tax receipts of $818.4 million for July were $659.1 million, or 44.6 percent, less than anticipated in the FY 2018-19 budget. Most of the variance was due to when the money was recorded.
At the beginning of FY 2018-19, the state’s General Fund had a positive cash balance of $5.54 billion. Receipts were $3.62 billion less than disbursements in July, which left a cash balance of $1.92 billion at the end of the month.
There was no internal borrowing, which was $2.19 billion less than the 2018-19 Budget Act estimated the state would need by the end of July. Unused borrowable resources were 7.5 percent higher than projected in the budget.
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- Written by: California Treasurer's Office
SACRAMENTO – California State Treasurer John Chiang and AARP on Wednesday released the second in their ongoing series of CalSavers promotional videos called “CalSavers Overview.”
“CalSavers will not only help stem the tide of the silver tsunami we know is coming, but it will be a new and easy way for more than 7.5 million hard-working Californians to save for retirement through automatic payroll deductions,” said Treasurer Chiang. “And for their employers, the millions of small-business owners focused on running their businesses, it’s even better – no administrative headaches, an easy registration process, and, best of all, it won’t cost them anything.”
CalSavers is a state-backed program that will offer employees access to a completely voluntary, low-cost, portable retirement savings vehicle, featuring professionally managed investments and oversight provided by a public, transparent board of directors.
“CalSavers offers a simple way for millions of Californians to save for their future,” said Nancy McPherson, California State Director at AARP. “That is why AARP strongly supports the CalSavers program and is eager to spread the word about how it will benefit working Californians.”
Deborah Lowe Muramoto, Executive Director of the Women’s Business Center, added, “What excites me the most about this retirement savings program – it addresses the issue of lack of access for small businesses.”
CalSavers will begin their pilot run this fall, and open statewide next year. Employers with 100 or more employees, which do not already offer a retirement plan, will have one year from the full program launch date to register, where employers with 50 or more employees and those with 5 or more employees will have two and three years, respectively.
For more information about CalSavers visit www.treasurer.ca.gov/scib.
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- Written by: AAA Northern California
The company is offering services at the following locations:
· AAA Branch Office, 1464 Parallel Drive, Lakeport, weekdays from 9 a.m. to 6 p.m.
· Twin Pine Casino & Hotel, 22223 Highway 29, Middletown, 8 a.m. to 7 p.m. The American Red Cross is also located at this site.
Each location is fully staffed with employees to assist AAA insurance customers with auto and home claims, and to provide additional help as needed.
AAA Northern California insurance customers who have suffered damage to their homes or vehicles may also call AAA Northern California for assistance at 800-922-8228.
Among the services being provided by AAA Northern California:
· To help with immediate living expenses, debit cards are available for those with covered homeowners losses insured through AAA Northern California, who have been displaced from their homes.
· Emergency road service is available to AAA members who have cars damaged by wildfire.
· CSAA Insurance Group, a AAA insurer, is working with local Hertz offices to provide rental vehicles to those who have lost or damaged cars.
· Packages with personal care items and teddy bears for children are also available.
AAA Northern California offers a wide array of automotive, travel, insurance, DMV, financial services and consumer discounts to over 4 million members. AAA has been a leader and advocate for the safety and security of all travelers since it was founded more than 100 years ago.
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