Join Me for a ZOOM Town Hall on California’s Fiscal Health with State Controller Betty T. Yee!

Join me on Wednesday, May 6, 2020 at 4:00 p.m. for a Virtual Town Hall on California’s Fiscal Health with California State Controller Betty Yee!

As a member of the Irvine City Council, I have made it a priority to support local business and ensure that our government operates with fiscal responsibility, openness, and transparency.

I’ve received the Orange County Taxpayers Watchdog Award for “demonstrating dedication to the protection of taxpayer funds and for the advocacy of government transparency and fiscal responsibility.”

Under my leadership, the Irvine Community Land Trust has received the Platinum Seal of Transparency from GuideStar, the world’s most respected source of information on nonprofit organizations.

I was also the only member of the Irvine City Council to oppose Measure D, which would have eliminated voter input into development decisions, because I believe that citizens must have a strong voice in deciding the future of their neighborhoods.

I enthusiastically supported the City’s adoption of the Irvine Sunshine Ordinance, which expanded public notice to four times longer than California law requires and prevents government action without full and informed participation from the community. I also supported approval of a two-year budget cycle, along with a five-year financial planning program, to bring more accountability to government spending.

I’ve often said that Government transparency and fiscal responsibility should be neither a conservative nor a liberal idea, but appeal to both, as we strive to address increasing social needs with limited resources.

The economic distress caused by COVID-19 will make this important task even more difficult.

COVID-19 has already impacted every facet of California’s economy, including the fiscal health of California’s government institutions, from large state agencies to cities and school districts. 

That’s why it will be especially valuable to hear from California State Controller Betty T. Yee on California’s fiscal health.

State Controller Betty T. Yee was elected in November 2014, following two terms of service on the California Board of Equalization. As Controller, she continues to serve the Board as its fifth voting member. Reelected for a second term as Controller in 2018, Ms. Yee is only the tenth woman in California history to be elected to statewide office.

As the state’s chief fiscal officer, Ms. Yee chairs the Franchise Tax Board and serves as a member of the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) Boards. These two boards have a combined portfolio of more than $620 billion.

Ms. Yee has more than 35 years of experience in public service, specializing in state and local finance and tax policy. Ms. Yee previously served as Chief Deputy Director for Budget with the California Department of Finance where she led the development of the Governor’s Budget, negotiations with the Legislature and key budget stakeholders, and fiscal analyses of legislation. Prior to this, she served in senior staff positions for several fiscal and policy committees in both houses of the California State Legislature. She also co-founded the Asian Pacific Youth Leadership Project, which exposes California high school youth to the public service, public policy, and political arenas.

A native of San Francisco, Ms. Yee received her bachelor’s degree in sociology from the University of California, Berkeley, and she holds a master’s degree in public administration.

What: Virtual Town Hall on COVID-19 and California’s Fiscal Health with California State Controller Betty T. Yee.

When: Wednesday, May 6, 2020 at 4:00 p.m.

Where: On-line at ZOOM Meeting ID 951-321-0807

To see the Facebook page for this event, click here.

For more information, contact Allison Binder at abinder@cityofirvine.org.

 

Watch Melissa Fox’s Town Hall on Small Business Assistance, Affordable Housing, and COVID-19 with California State Treasurer Fiona Ma and Small Business Majority’s Claudia Moreno

COVID-19 has impacted both small businesses and housing in California.

In this Town Hall held on Wednesday, April 29, 2020, Irvine City Councilmember Melissa Fox , California State Treasurer Fiona Mam and Claudia Moreno of Small Business Majority discuss the impact of COVID-19 on California’s economy, small business assistance programs, and new opportunities for affordable housing.

Fiona Ma is California’s 34th State Treasurer. She was elected on November 6, 2018, with more votes (7,825,587) than any other candidate for treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position.

Claudia Moreno is an Southern California Outreach Director for Small Business Majority, a national small business advocacy organization. She previously worked at the White House during the Obama Administration in the Executive Office of Presidential Correspondence where she served as an intermediate between the President and the American people. She also took lead in the Office’s Spanish Analytical Department as an interpreter to support the President’s vision to serve all communities.

Melissa Fox is an Irvine City Councilmember and an attorney, and also serves as Chair of the Irvine Community Land Trust, dedicated to building more affordable housing.

Watch the Town Hall here:

Note:

Join me for our next virtual Town Hall!

On Wednesday, May 5, 2020, at 4:00 p.m., I’ll be speaking with California State Controller Betty T. Yee about the COVOD-19 Crisis and the California Economy.

The title of the Town Hall is “The California Economy Challenged.”

The ZOOM Meeting ID is 951-321-0807.

Please contact my Chief City Council Aide Allison Binder at abinder@cityofirvine.org.

I hope you can join us!

 

Join Me for a Virtual Town Hall on Small Business Assistance and Affordable Housing with State Treasurer Fiona Ma!

Join me on Wednesday, April 29, 2020 at 4:00 p.m. for a Virtual Town Hall on Small Business Assistance and Affordable Housing with California State Treasurer Fiona Ma!

ZOOM Meeting ID is 951-321-0807

COVID-19 has impacted both small businesses and housing in California.

Join Irvine City Councilmember Melissa Fox and California State Treasurer Fiona Ma as they discuss the impact of COVID-19 on California’s economy, small business assistance programs, and new opportunities for affordable housing.

Fiona Ma is California’s 34th State Treasurer. She was elected on November 6, 2018 with more votes (7,825,587) than any other candidate for treasurer in the state’s history.

She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position.

Melissa Fox is an Irvine City Councilmember and an attorney, and also serves as Chair of the Irvine Community Land Trust, dedicated to building more affordable housing.

For more information, contact Allison Binder at abinder@cityofirvine.org.

To see the Facebook page for this event, click here.

UPDATE:

Melissa Fox will also be joined joined on the Virtual Town Hall by Claudia Moreno, Southern California Outreach Manager for Small Business Majority.

Claudia Moreno develops relationships with both business partners and small business owners across the region to discuss ways to best help small businesses thrive in their local economies. Claudia also works closely on statewide policy initiatives. The daughter of a small business owner, Claudia understands the importance of giving back to her community and intentionally working to empower under-served entrepreneurs.

She previously worked at the White House during the Obama Administration in the Executive Office of Presidential Correspondence where she served as an intermediate between the President and the American people. She also took lead in the Office’s Spanish Analytical Department as an interpreter to support the President’s vision to serve all communities.

California Extends Tax Deadline to July 15, 2020, for Payments Due of Up to $10 Million for Corporations and $1 Million for Individuals

Today, California State Controller Betty T. Yee issued the following statement regarding California taxes, extending the deadline to July 15, 2020, for payments due of up to $10 million for corporations and up to $1 million for individuals:

California State Controller Betty T. Yee

“Please note after yesterday’s Internal Revenue Service (IRS) announcement, California is postponing tax deadlines until JULY 15, 2020, due to the COVID-19 pandemic.

This update SUPERSEDES the California Franchise Tax Board’s (FTB’s) previous announcement that extended the due dates for filing and payment of taxes until June 15, 2020.

To align with the IRS special tax relief, I have authorized FTB to postpone until July 15, 2020, the deadline to file and pay taxes owed for all individuals and business entities for:

  • 2019 tax returns
  • 2019 tax return payments
  • 2020 first and second quarter estimate payments
  • 2020 LLC taxes and fees
  • 2020 non-wage withholding payments

Note: The IRS special tax relief extends the deadline to July 15, 2020, for payments due of up to $10 million for corporations and up to $1 million for individuals — regardless of filing status — and other unincorporated entities. The FTB special tax relief does not include these limitations.

The COVID-19 pandemic is disrupting life for people and businesses statewide. Hopefully, this small measure of relief will help allow people to focus on the health and safety of themselves and their family’s during these challenging times.

For more information about federal filing of returns and payment of taxes owed, visit irs.gov.

For more information about state filing of returns and payment of taxes owed, visit ftb.ca.gov.

For updates and information about the COVID-19 pandemic, visit covid19.ca.gov.

Thank you for your actions to help with curbing the spread of COVID-19. Together, we are #californiastrong.

Sincerely,

Betty T. Yee

California State Controller”

For a complete list of measures in effect in the City of Irvine and for regular updates on this rapidly evolving situation, visit cityofirvine.org.  See also:

Irvine Proclamation of Emergency for City of Irvine COVID-19

Irvine Coronavirus Emergency Measures

Please also see my earlier posts related to COVID-19:

Irvine Community Centers Closed to the Public Due to COVID-19

Orange County’s Amended Order Re COVID-19 (March 18, 2020)

City of Irvine Leaders Close City Hall, Proclaim Local Emergency in Response to COVID-19

New Statement of the Orange County Health Officer Re COVID-19 (March 17, 2020)

California State Tax Deadline Extended to June 15 Due to COVID-19 Pandemic

Irvine Schools Providing Lunches for Students During COVID-19 Closure

Irvine City Council Issues Response to Coronavirus Outbreak

California Financial Support for Employers and Employees Affected by the Coronavirus

We’re All in this Together. The Coronavirus Doesn’t Discriminate. Neither Should We.

Consult these additional resources for up-to-date information.

 

California State Tax Deadline Extended to June 15 Due to COVID-19 Pandemic

The California Franchise Tax Board (FTB) has announced special tax relief for California taxpayers affected by the COVID-19 pandemic.  Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments until June 15, 2020, in line with Governor Newsom’s March 12 Executive Order.

“During this public health emergency, every Californian should be free to focus on their health and wellbeing,” said State Controller Betty T. Yee, who serves as Chair of FTB. “Having extra time to file their taxes helps allows people to do this, as the experts work to control the spread of coronavirus.”

This relief includes moving the various tax filing and payment deadlines that occur on March 15, 2020, through June 15, 2020, to June 15, 2020.

This includes:

  • Partnerships and LLCs who are taxed as partnerships whose tax returns are due on March 15 now have a 90-day extension to file and pay by June 15.
  • Individual filers whose tax returns are due on April 15 now have a 60-day extension to file and pay by June 15.
  • Quarterly estimated tax payments due on April 15 now have a 60-day extension to pay by June 15.

Any taxpayer filing under this special deadline relief should note the name of the state emergency (e.g., “COVID-19” or “Coronavirus”) in black ink on the top of the tax return to inform FTB that you are filing under the special extension period. If taxpayers are e-filing, they should follow the software instructions to enter disaster information.

The FTB also announced that it will waive interest and any late filing or late payment penalties that would otherwise apply.

Please note that the Internal Revenue Service (IRS) has not yet acted on extending the April 15th filing deadline for federal income tax returns. The FTB’s June 15 extended due date may be pushed back even further if the Internal Revenue Service grants a longer relief period.

FTB administers two of California’s major tax programs: Personal Income Tax and the Corporation Tax. FTB also administers other non tax programs and delinquent debt collection functions, including delinquent vehicle registration debt collections on behalf of the Department of Motor Vehicles, and court–ordered debt. Annually, FTB’s tax programs collect more than 70 percent of the state’s general fund. For more information on other taxes and fees in California, visit: taxes.ca.gov.

Please also see my earlier posts related to COVID-19:

Irvine Schools Providing Lunches for Students During COVID-19 Closure

Irvine City Council Issues Response to Coronavirus Outbreak

California Financial Support for Employers and Employees Affected by the Coronavirus

We’re All in this Together. The Coronavirus Doesn’t Discriminate. Neither Should We.

Consult these additional resources for up-to-date information.

State Treasurer Fiona Ma Announces $20 Million in Sales Tax Aid for Irvine-Based Biotech Company Edwards Lifesciences

I’m extremely pleased to report that California State Treasurer Fiona Ma has approved up to $20 million in sales tax benefits for Irvine-based biotech company Edwards Lifesciences to upgrade and expand a facility that makes devices to treat cardiovascular disease.

This action will support the retention and creation of 974 production jobs and 90 construction jobs, primarily in Orange County.

The award to Edwards Lifesciences was one of several approved by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) which is chaired by Treasurer Ma.  CAEATFA works collaboratively with public and private partners to provide innovative and effective financing solutions for California’s industries, assisting in reducing the state’s greenhouse gas emissions by increasing the development and deployment of renewable energy sources, energy efficiency, and advanced transportation and manufacturing technologies to reduce air pollution, conserve energy, and promote economic development and jobs.

Edwards Lifesciences makes transcatheter heart valves, surgical heart valves, and blood flow monitoring devices. In 2011, it made the first aortic value approved in the U.S. that does not require open heart surgery to place inside the patient.

In announcing her decision, Treasurer Ma stated that Irvine’s Edwards Lifesciences is “the kind of company that we need to keep in California. Edwards Lifesciences is saving lives and keeping our state on the cutting edge of technology, and doing all of this while reducing its energy consumption.”

The sales tax benefits will be applied to the purchase of $239 million of production equipment, facility improvement, tooling equipment, lab instruments, computers, and information technology. The upgrade, according to the company, will reduce energy use by 10 percent and trim the amount of hazardous and solid waste produced by the facility.

Edwards Lifesciences employees approximately 5,000 people in Orange County.

I have had the privilege of being friends with California State Treasurer Fiona Ma for many years and have long been a supporter of her approach to business-government relations and her efforts to promote economic development and jobs while also protecting the environment.

I am very happy to see that her policies as Treasurer are having a direct and positive impact on people and businesses here in Orange County.

California State Treasurer Fiona Ma Presents Free Small Business Seminar!

Join California State Treasurer Fiona Ma along with state, county, and local elected officials at her inaugural free small business seminar!

The seminar will be presented on Friday, April 5, 2019, from 9:30 a.m. to 12:30 p.m. Check-in begins at 9:00 a.m.

The location is Rowland Unified Board Room, 1830 Nogales St., Rowland Heights, CA 91748.

This seminar is FREE and will feature speakers from CalCAP, CalSavers, California Franchise Tax Board, GO-Biz, and Small Business Majority to share information and resources with small business owners to help them comply with regulations and grow their business.

Seminar sponsors include California State Treasurer Fiona Ma, US Representative Gil Cesneros, State Senator Ling Ling Chang, State Assemblyman Philip Chen, L.A. County Supervisor Janice Hahn, and L.A. County Assessor Jeffrey Prang.

Topics will include access to capital, small business loans, forms of ownership, retirement programs, and more!

Space is limited, so please RSVP at http://bit.ly/SGVSBS2019 or by calling (916) 653-2995.

See the Facebook Event Page here.