The Sulphur Springs Union School District successfully refinanced a portion of its general obligation bonds this week. A bond refinancing transaction is very similar to a homeowner refinancing their mortgage to avail themselves of lower interest rates and reduce their mortgage payments. This transaction will save local taxpayers over $3.1 million by lowering the property taxes required to repay the ...

The California Franchise Tax Board (FTB) confirmed this week that most Californians have until next month to file and pay their 2022 taxes without penalties. The IRS announced on Monday that taxpayers affected by winter natural disasters in 55 California counties, including Los Angeles County, qualify for a tax deadline extension to file and pay their 2022 federal income taxes ...

College of the Canyons refunded $31 million of outstanding general obligation bond debt, providing the district’s taxpayers with a cash flow savings of $8.3 million over the next 23 years, officials said Tuesday.  The Santa Clarita Community College District Board of Trustees, which oversees the college, voted on Nov. 6 to refund these particular general obligation bonds from Measure M, ...

A new bill headed to the Assembly for a vote could add more than $1,000 to local property tax bills, according to a taxpayer watchdog group opposing the measure. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. Senate Bill 231 is set for a vote Monday in the Assembly, and the bill would allow ...

ODuring a discussion at the 2015 Cal Tax Annual Members meeting, Board of Equalization Vice Chair George Runner suggested replacing California’s income tax with a sales tax on services to make life easier for taxpayers. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. “If you want real tax reform, we ought to look at eliminating ...

Santa Clarita Valley resident’s property tax bill may increase more than the 2 percent anticipated this year. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. Homeowners who saw lower tax bills during the recent decline in housing values may receive higher property tax bills as property values recover. “When housing prices rise, Proposition ...

Santa Clarita Assemblyman Scott Wilk’s Assembly Bill 2551, intended to increase fiscal transparency of local bond measures, passed the Senate Elections and Constitutional Amendments committee with a 5-0 vote on Thursday. Don’t miss a thing. Get breaking Santa Clarita news alerts delivered right to your inbox. “I thank my colleagues in the Senate Elections and Constitutional Amendments committee for their ...

A bill from state Sen. Steve Knight, R-Antelope Valley, regarding transparency and customer service on taxation is awaiting Gov. Jerry Brown’s signature.

By Michael Green, of Michael L. Green Tax and FinancialSome of you are experiencing a certain amount of joy and accomplishment because April 15 is just around the corner and you have either filed your tax return or about to file your tax return and able to meet the April 15 tax deadline.   Don’t miss a thing. Get breaking Santa Clarita news alerts delivered ...

George Runner, member of the California Board of Equalization, is urging the Franchise Tax Board to reverse a controversial staff decision that will seek millions in retroactive taxes from California entrepreneurs and small businesses.“As an elected official and taxpayer advocate, I cannot remain silent while state tax officials punish California taxpayers who in good faith followed our laws,” Runner said. ...