Claude Parrish Announces the Release of State Board of Equalization's 1999-2000 Annual Report -- News Release
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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:
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)