For Immediate Release
February 19, 2020
Board of Equalization Member Malia M. Cohen Statement on the 2020 State of the State
Sacramento – California State Board of Equalization Member Malia M. Cohen issued the following statement about Governor Gavin Newsom's State of the State address today:
"Governor Newsom took another step to address the lack of affordable housing in California. It is essential that California continues to build more affordable housing and address homelessness, which affects all our communities.
As we move forward to find solutions for the affordable housing crisis, I urge the Governor and Legislature to work with the Board of Equalization to modernize California's property tax system – the second largest source of public revenue, which provides billions of dollars for our schools and local governments. As the only statewide agency tasked with overseeing property tax administration, the Board of Equalization is uniquely positioned to provide expertise and assistance on these complex tax functions."
State Board of Equalization Member Malia M. Cohen represents nearly 10 million constituents residing in 23 counties in Northern and Central California, extending from Del Norte County in the north to Santa Barbara County in the south. Board Member Cohen is the youngest Constitutional Officer serving in California.
The Board of Equalization is California's statewide elected tax board. Its five members include four members elected in districts, and the State Controller. Under its constitutional mandate, the BOE oversees the assessment practices of the state's 58 county assessors, who are charged with establishing values for approximately 13.6 million assessments each year. In addition, the BOE assesses the property of regulated railroads and specific public utilities, and is responsible for the alcoholic beverage tax and tax on insurers.
Note: This news release may discuss complex tax laws and concepts. It may not address every situation and is not considered written advice. Changes in law or regulations may have occurred since the time this news release was written. If there is a conflict between the text of this news release and the law, decisions will be based upon the law and not this news release.