Income tax refund checks say on the top: “Property Tax Relief Fund,” confusing some taxpayers.
“When the state income tax was adopted, the political compromise was that was supposed to go towards property tax relief,” Sidamon-Eristoff said.
“The state can use the General Fund for any purpose it wants, including paying refunds, but generally speaking, because the income tax is such a large component of the state’s revenue base, the state will try to use as much of it as it can for annual expenditures,” he said. “From a budgeting standpoint, you want to protect the General Fund because you have greater flexibility for using those monies for various purposes.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Former KSL-TV anchor avoids life-changing surgery by learning genetic riskThe country's largest DNA study, conducted in Utah, shows a potential to revolutionize healthcare treatments and costs.
Baca lebih lajut »
Florida boaters missing after anchor mishap on lake, sheriff saysJeffrey Marrero, 34, and Orlando Ortiz, 32, are presumed drowned after jumping into Lake Eloise in Winter Haven, Florida, to rescue Ortiz's girlfriend, officials said.
Baca lebih lajut »
U.S. Consumers Are Spending An Average Of 43.2 Weeks Of Income On A New Car | CarscoopsWhile new prices have fallen, they're still much higher than they were before the coronavirus pandemic
Baca lebih lajut »
Philadelphia is piloting a guaranteed income program to reduce rates of infant mortalityThe funds given to mothers will come with no-strings-attached, according to the city. Interested participants will also be offered financial counseling, lactation support, and doulas.
Baca lebih lajut »
As LAUSD strike looms, low-income families face high-stress decisionsMany families with special needs kids are reluctant to leave them with strangers at student supervision sites
Baca lebih lajut »
Rick Ross’ Buffaloes Wreak Havoc on Neighbor’s PropertyRick Ross’ pets have frightened his neighbor—not because of their bark or bite, but because they’re buffaloes.
Baca lebih lajut »