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NR# 18-C
Date: May 16, 2002
Contact: Sherilyn Larsen Customer and Taxpayer Services Division
916-445-3192
State Board of
Equalization’s 2000-01
Annual Report Now Available
John Chiang, Chair, State Board of
Equalization, announced
today that the Board’s 2000-01
Annual Report is now available.
Revenues from the tax programs administered
by the State Board of Equalization (Board) provide essential
services for California’s citizens, from education and health
care to public safety and natural resource management. Revenues from Board-administered programs increased by 4.5 percent
in fiscal year 2000-01, yielding a record $41.25 billion for
state and local governments.
Fiscal year sales and use tax revenues grew by 5.2
percent to reach $35.4 billion. This information and more is found in the
Board’s 2000-01 Annual
Report.
Noteworthy facts found in the 2000-01 Annual Report include:
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Taxable sales in the state totaled $447.5 billion during
the year, an increase of $27.1 billion, or 6.5 percent,
over sales in 1999-00.
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Total sales and use tax revenues of $35.4 billion included
nearly $22.1 billion for state programs and services and
more than $13.2 billion for cities, counties, and special
districts.
-
Motor vehicle fuel tax revenues rose by 3.7 percent to $3.19
billion.
- Collections from tobacco-related
taxes decreased in 2000-01,
dropping 5.2 percent to total $1.16 billion. Alcoholic
beverage tax revenues increased 2.2 percent
to $288.45 million.
- Statewide property tax levies
for 2000-01 totaled $24.77
billion, an increase of 8.2 percent. County-assessed property values grew $214 billion
during 2000-01 to reach
$2.51 trillion for the 2001-02 tax year.
The value of state-assessed properties—primarily privately
owned public utilities and railroads—was set by the Members
of the Board at $63.34 billion for the 2001-02 roll, a $310
million increase from the values set for the previous year’s
roll.
In addition to revenue data, the Board’s 2000-01
Annual Report includes information on related legislation,
significant court decisions, and agency operations.
A statistical appendix contains detailed current and historical
tax data.
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(Copies of the annual report may be
requested by calling
800-400-7115; an electronic version is on the Board’s Internet
site: www.boe.ca.gov/annual/annualrpts.htm.)
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