The California State Board of Equalization unanimously adopted $170.8 billion in state-assessed property values for the primary operations of 374 companies in California, including telephone, gas and electric companies, independent power producers, regulated railroads, and intercounty pipelines. The property items owned or leased by a state assessee used in their primary operation are also referred to as their unitary property ...

Projecting a $1 billion loss in revenue, Los Angeles County officials announced Tuesday a $35.5 billion spending plan for the next recommended budget with a “significant” emphasis on healthcare and mental health programs, officials said. Los Angeles County Chief Executive Officer Sachi Hamai has released the County’s 2020-21 recommended budget, a $35.5 billion spending plan expected to undergo extensive changes ...

Los Angeles County Board of supervisors are predicting a $1 billion decline in sales tax revenues this fiscal year and are expecting to lose even more by next year due to the coronavirus, officials said Friday. Los Angeles County’s economic outlook has taken a hard hit from the COVID-19 crisis, with officials forecasting a $1 billion decline in sales tax ...