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California State Board Of Equalization

NEWS
June 14, 1990 | Clipboard researched by Elena Brunet / Los Angeles Times; Graphics by Doris Shields / Los Angeles Times
May brought more than rain. It was also a time for the State Board of Equalization to shower $23.7 million on the county's 29 cities--the latest installment of sales and use tax revenues. The total amount for the county, $24.9 million, included funds earmarked for county agencies. This most recent disbursement was 6% more than the county received last May, and the aggregate cities' figure was 9% higher. But not all the municipalities did better this May than last.
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CALIFORNIA | LOCAL
July 23, 1990
Retail sales in Orange County during the fourth quarter of 1989, the most recent period for which information is available, hit a two-year high--$4.8 billion. That was a 7.1% increase over the previous year's fourth quarter. Overall, 1989 retail sales were 8.3% higher than in 1988. Led by Fountain Valley's 51.4% leap, 23 cities and the unincorporated areas increased sales over 1988's fourth quarter. Three cities had lower totals, and in one, Cypress, the difference was less than 1%.
CALIFORNIA | LOCAL
June 1, 1991
Retail sales in Orange County's cities topped $4.3 billion in 1990's fourth quarter. But this number, recorded during the heavy-buying holiday season, was a decline from the previous fourth quarter, when the total was $4.4 billion. The cities' aggregate 2.7% decrease is actually a little larger because Laguna Niguel's total for the fourth quarter of 1989 was recorded in the unincorporated area whereas the 1990 total, now that Laguna Niguel is a city, added $58.9 million.
BUSINESS
September 13, 1991
Newly released figures confirm what shop owners in many parts of the county knew last winter: Retail sales went into a tailspin amid consumer concerns over recession and impending war in the Persian Gulf. Consumers cut back primarily on big-ticket durable goods. Statewide, sales of new cars declined 2.6%; household and home furnishings, 4.4%; lumber and building materials, 10.2%, and household appliances, 6.7%, according to the research division of the State Board of Equalization.
BUSINESS
June 13, 1989 | From Associated Press
The Supreme Court, in a case involving ski equipment rentals, ruled Monday that state taxes may be imposed when bankrupt companies sell their assets. In another ruling, the high court turned down an appeal by hazardous waste companies aimed at forcing the government to adopt tougher environmental rules. In the bankruptcy case, by a 6-3 vote, the justices said the taxes may be imposed on such sales and on a buyer's subsequent use of the assets when bankrupt companies are ordered to liquidate.
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