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Treasurer Fiona Ma and Assemblymember Rob Bonta Seek Temporary Cannabis Tax Reduction

Treasurer Fiona Ma and Assemblymember Rob Bonta Seek Temporary Cannabis Tax Reduction

SACRAMENTO – State Treasurer Fiona Ma, CPA and Assemblymember Rob Bonta (D – Alameda) announced today that their Temporary Cannabis Tax Reduction bill is one step closer to becoming a reality as Assembly Bill 286 (AB 286) was introduced in the State Capitol. The bill would temporarily reduce California’s cannabis excise tax from 15 percent […]

Treasurer Ma and State Board Raise Ceiling on Bonds Used Often to Develop Affordable Housing

Treasurer Ma and State Board Raise Ceiling on Bonds Used Often to Develop Affordable Housing

 SACRAMENTO – The California Debt Limit Allocation Committee (CDLAC), chaired by California State Treasurer Fiona Ma, on Wednesday unanimously voted to raise the 2019 state bond cap for qualifying private activity bonds to $4,153,489,725, a $2,141,160 increase over the state ceiling set in 2018.   At the same time, the committee reaffirmed its continuing legislative […]