1 BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION 2 450 N STREET 3 SACRAMENTO, CALIFORNIA 4 5 6 7 REPORTER'S TRANSCRIPT 8 MAY 27, 2015 9 10 STATE-ASSESSED PROPERTIES VALUE SETTING 11 12 13 14 15 16 17 18 19 Reported by: Juli Price Jackson 20 No. CSR 5214 21 22 23 24 25 26 27 28 1 1 P R E S E N T 2 For the Board Jerome E. Horton of Equalization: Chairman 3 4 Sen. George Runner (Ret.) Vice-Chairman 5 6 Fiona Ma, CPA Member 7 8 Diane L. Harkey Member 9 10 Betty T. Yee State Controller 11 12 Joann Richmond 13 Chief, Board Proceedings Division 14 15 16 ---oOo--- 17 For Staff: Ken Thompson CEA II 18 State-Assessed Property Division 19 20 Richard Reisinger Business Tax 21 Administrator II 22 Mike Harris 23 Manager Property Taxes 24 25 26 27 ---o0o--- 28 2 1 450 N STREET 2 SACRAMENTO, CALIFORNIA 3 MAY 27, 2015 4 ---oOo--- 5 MR. RUNNER: So, we're ready to move on the 6 first part of the agenda, which I believe is 7 State-Assessed Properties. 8 Here we go. 9 (Unintelligible). 10 MR. THOMPSON: Good morning. I'm Ken 11 Thompson, the Chief of the State-Assessed Properties 12 Division. 13 With me are Richard Reisinger and Mike 14 Harris. And before you you have the workbooks, the 15 value setting. 16 And how would you like to proceed? 17 Industry by industry? 18 So, the first industry would be the 19 electric generation facilities. In past years 20 the -- all the items that are marked with an 21 asterisk were taken up in one vote. And then those 22 items are where the lead value and the 23 staff-recommended value are identical. 24 The shaded items are where the lead value 25 is different from the -- from the staff-recommended 26 value or where there is no lead value. And those 27 are taken up either individually or one at a time, 28 depending on the wishes of the Board. 3 1 MS. YEE: Mr. Chairman? 2 MR. HORTON: Yes. 3 MS. YEE: I'm prepared to make a motion on 4 the consent items, the 41 items that -- where the 5 lead value and the staff recommendation are the 6 same, I would move those items. 7 MS. HARKEY: I'll second. 8 MR. HORTON: Thank you. 9 Member Yee moves -- moves the consent 10 calendar. Second by Member Harkey. 11 Without objection, such will be the order. 12 Mr. Thompson. 13 MR. THOMPSON: We did well. 14 Then what's the pleasure of the Board? Do 15 you want to take the remaining items up individually 16 or would you like to take them all in one motion? 17 MR. HORTON: Members, let's take them all 18 up in one motion. Is that okay? 19 MS. HARKEY: I'll make a motion to do that. 20 MR. HORTON: Member Harkey moves, 21 Member Yee seconds. 22 Without objection, Members, such will be 23 the order. 24 MR. THOMPSON: Okay. The next industry is 25 the gas and electric utilities. 26 MR. HORTON: Is there a motion, Members? 27 MS. YEE: I'll move the consent agenda, the 28 30 items where the lead value and the 4 1 staff-recommended value are the same. 2 MR. HORTON: Member Yee moves to adopt the 3 consent items. 4 MS. HARKEY: Second. 5 MR. HORTON: Second by Member Harkey. 6 Without objection, Members, such will be 7 the order. 8 Mr. Thompson. 9 MR. THOMPSON: Okay. We have two remaining 10 items, they're 163, Liberty Utilities, and 198, Lodi 11 Gas Storage. 12 MS. YEE: I'll move the staff 13 recommendation. 14 MR. HORTON: Member Yee moves staff 15 recommendation. Second by Member Runner. 16 Without objection, Members, such will be 17 the order. 18 MR. THOMPSON: Next up are the pipeline 19 companies. 20 MR. HORTON: Member Yee. 21 MS. YEE: I'll move the consent agenda, 22 which is 25 of the 27 pipeline assessees where the 23 lead value is the same as the staff-recommended 24 value. 25 MS. HARKEY: I'll second. 26 MR. HORTON: Member Yee moves adoption, 27 second by Member Harkey. 28 Without objection, such will be the order. 5 1 Mr. Thompson. 2 MR. THOMPSON: The remaining items are 3 No. 435, Natoma Central Water, and No. 489, 4 California Resources Production Corporation. 5 MR. HORTON: Member Yee. 6 MS. YEE: Move the staff recommendation. 7 MR. HORTON: Member Yee moves staff 8 recommendation, second by Member Runner. 9 Without objection, Members, such will be 10 the order. 11 MR. THOMPSON: The next industry is the 12 railroad industry. 13 MR. HORTON: Member Yee. 14 MS. YEE: I'll move the consent agenda of 15 the 27 railroad assessees where the lead value is 16 the same as the staff-recommended value. 17 MR. HORTON: Member Yee moves the consent 18 agenda, second by Member Ma. 19 Without objection, Members, such will be 20 the order. 21 MR. THOMPSON: We have four remaining 22 companies where the lead value differs or there is 23 no lead value. 24 MS. YEE: I'll move the staff-recommended 25 value for State assessee No. 817, 835, 869 and 889. 26 MR. HORTON: Thank you. 27 Staff recommendation by Member Yee, second 28 by Member Harkey. 6 1 Without objection, Members, such will be 2 the order. 3 MR. THOMPSON: The next industry is the 4 interexchange industry. 5 MR. HORTON: Member Yee. 6 MS. YEE: Move the consent agenda for the 7 164 assessees with the -- where the lead value is 8 the same as the staff-recommended value. 9 MR. HORTON: Member Yee moves adoption of 10 the consent agendas, as stipulated. 11 Second by Member Ma. 12 Without objection, Members -- 13 MR. THOMPSON: The remaining 49 -- 14 MR. HORTON: -- such will be the order. 15 MR. THOMPSON: -- the remaining 49? 16 MS. YEE: I'll move the staff-recommended 17 value for the remaining items. 18 MR. HORTON: Member Yee moves the 19 staff-recommended value -- 20 MS. HARKEY: I'll second. 21 MR. HORTON: -- for the remaining items. 22 Second by Member Harkey. 23 Without objection, Members, such will be 24 the order. 25 MR. THOMPSON: The wireless telephone 26 companies are the next industry. 27 MR. HORTON: Member Yee. 28 MS. YEE: Move the consent agenda of the 24 7 1 wireless or radio telephone assessees where the lead 2 value and the staff-recommended value are the same. 3 MR. HORTON: Member Yee moves adoption of 4 staff recommendations, consent items. Second by 5 Member Ma. 6 Without objection, Members -- 7 MR. THOMPSON: And -- 8 MR. HORTON: -- such will be the order. 9 MR. THOMPSON: -- for companies 2658, 2683, 10 2773, 2784, 2787 and 2790. 11 MS. YEE: I'll move the staff-recommended 12 value on those. 13 MR. HORTON: Member Yee moves the 14 staff-recommended value. Second by Member Harkey. 15 Without objection, Members, such will be 16 the order. 17 MR. THOMPSON: The remaining industry is 18 the local exchange companies. 19 MS. YEE: Okay. 20 MR. HORTON: Member Yee. 21 MS. YEE: The local exchange, I will move 22 the consent agenda of the 18 local exchange 23 assessees where the lead value is the same as the 24 staff-recommended value. 25 MS. HARKEY: Second. 26 MR. HORTON: Member Yee moves adoption of 27 the consent agenda. Second by Member Harkey. 28 Without objection, Members, such will be 8 1 the order. 2 MR. THOMPSON: The remaining company is 3 No. 203, Frontier Communications of the Southwest. 4 MS. YEE: I'll move the staff-recommended 5 value for that item. 6 MR. HORTON: Member Yee moves the 7 staff-recommended value. Second by Member Harkey. 8 Without objection, such will be the order. 9 Thank you, Mr. Thompson. 10 MR. THOMPSON: Thank you. 11 ---o0o--- 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 9 1 REPORTER'S CERTIFICATE. 2 3 State of California ) 4 ) ss 5 County of Sacramento ) 6 7 I, JULI PRICE JACKSON, Hearing Reporter for 8 the California State Board of Equalization certify 9 that on MAY 27, 2015 I recorded verbatim, in 10 shorthand, to the best of my ability, the 11 proceedings in the above-entitled hearing; that I 12 transcribed the shorthand writing into typewriting; 13 and that the preceding pages 1 through 9 constitute 14 a complete and accurate transcription of the 15 shorthand writing. 16 17 Dated: September 8, 2015 18 19 20 ____________________________ 21 JULI PRICE JACKSON 22 Hearing Reporter 23 24 25 26 27 28 10