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Program Enhancements and Other Budget Adjustments
Board of Equalization
The Governor's Budget includes $390.2 million ($219.7 million General Fund), which reflects an increase of $5.9 million ($2.2 million General Fund) above the revised 2006-07 budget.
The Board of Equalization (BOE) administers the sales and use taxes, insurance tax, excise taxes, and various other taxes and fees. The BOE is responsible for valuing and assessing inter-county pipelines, and for valuing and assessing properties owned by railroads, regulated telephone companies, and gas and electricity sellers. The BOE also adjudicates appeals on property tax assessments, and on the various other taxes that the BOE administers.
U.S. CUSTOMS PROGRAM
The Governor's Budget proposes $1.1 million ($696,000 General Fund) to expand the U.S. Customs Program from five positions to 16.5 positions. This Program collects California import data from the Department of U.S. Customs and Border Protection and matches it against sales and use tax records that California-based purchasers provide to the BOE. When the records comparison indicates a purchaser failed to pay use taxes on an imported product, collection activities are initiated.
The BOE estimates the proposed positions will generate $15.2 million in revenues in 2007-08, of which $9.4 million will accrue to the General Fund and $5.8 million to local governments.
CHAPTER HIGHLIGHTS for
Legislative, Judicial, and Executive Back to Top
PRINTABLE BUDGET DOCUMENTS Back to Top
Budget Summary - Legislative, Judicial, and Executive (pdf * - 57K)
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Provides this entire Legislative, Judicial, and Executive Chapter in pdf format.
ADDITIONAL INFORMATION Back to Top
Proposed Budget Detail - Legislative, Judicial, and Executive
Displays Proposed Budget Detail information for Legislative, Judicial, and Executive.
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