Claude Parrish Announces the Release of State Board of Equalization's 1999-2000 Annual Report -- News Release
Date: June 15, 2001
Customer and Taxpayer Services Division
Claude Parrish Announces the Release of State Board of Equalization's 1999-2000 Annual Report
Revenues from the tax programs administered by the State Board of Equalization (BOE) provide essential services for California's citizens, from education and health care to transportation infrastructure and natural resource management. Claude Parrish, Chairman, BOE announced today that revenues from Board-administered programs increased by 11.1 percent in fiscal year 1999-2000, yielding a record $39.46 billion for state and local governments as reported in the Board's recently released 1999-2000 annual report. Fiscal year sales and use tax revenues grew by 12 percent to reach $33.61 billion. "This shows that the California economy continues to grow and business creation is expanding," stated Parrish.
Noteworthy facts found in the 1999-2000 annual report include:
- Taxable sales in the state totaled $420.4 billion during the year, an increase of $47.4 billion, or 12.7 percent, over sales in 1998-99.
- Total sales and use tax revenues of $33.61 billion included more than $21.3 billion for state programs and services and $12.28 billion for cities, counties, and special districts.
- Motor vehicle fuel tax revenues rose by 1.9 percent to $3.08 billion.
- Collections from tobacco-related taxes increased in 1999-2000, the first full fiscal year of revenue collections from the California Children and Families First Cigarette Tax (Proposition 10). Revenue from that tax jumped 75.4 percent from 1998-99, while other cigarette and tobacco product tax revenues declined due to a decrease in apparent consumption. Total cigarette and tobacco product tax revenues grew 24.9 percent to total more than $1.22 billion. Alcoholic beverage tax revenues increased 3.3 percent to slightly more than $282 million.
- Statewide, property tax levies for 1999-2000 totaled $22.89 billion, an increase of 6.9 percent. County-assessed property values grew to $2.29 trillion for the 2000-01 roll year, an increase of $176 billion. The value of state-assessed properties - primarily privately owned public utilities and railroads - was set by the Members of the Board at $63.03 billion, a decrease of $5.38 billion from the previous year.
In addition to revenue data, the Board's 1999-2000 annual report includes information on related legislation, significant court decisions, and agency operations.
(Copies of the annual report may be requested by calling 800-400-7115; an electronic version is on the Board's Internet site: www.boe.ca.gov/annual/annualrpts.htm)