A Metro county sales tax measure aimed at raising revenue to build, operate and maintain public transportation projects was officially certified by the Los Angeles County Registrar-Recorder for the Nov. 8 ballot.
A proposed sales tax measure that would raise at least $120 billion for public transportation projects if approved by voters in November is projected to put $79.3 billion back into the economy, according to a forecast released last week.
The California State Board of Equalization (BOE) will consider lowering the excise tax rate for gasoline by 2.2 cents for Fiscal Year (FY) 2016-17 during its February 23, 2016 meeting in Culver City. If adopted, the excise tax rate on gas will be 27.8 cents per gallon from July 1, 2016 through June 30, 2017. The current excise tax rate of 30 cents per gallon remains in effect until June 30, 2016. California drivers pay two types of state taxes on gas: sales tax, which is a percentage of the price and a per-gallon excise tax. Before AB x8 6