Bilingual Weekly
Economy
Ca Monthly State Cash Balance
SACRAMENTO – State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in October 2012, showing that total revenues were $207.9 million above (4.4 percent) projections contained in the 2012-13 State budget.
“October’s numbers were positive, due in large part to strong income tax receipts,” said Chiang. “More importantly, total year-to-date revenue is spot-on with the budget’s projection.”
Personal income taxes in the month of October rose $378.4 million above (10.6 percent) projections, while sales taxes also were up by $28.8 million (4.4 percent) relative to projections. Corporate taxes were down for the month, coming in $131.3 million below (47 percent) projections.
The State ended the last fiscal year with a cash deficit of $9.6 billion. As of October 31, that cash deficit totaled $24.7 billion, and is being covered with $14.7 billion of internal borrowing (temporary loans from special funds), and $10 billion of external borrowing.
For more details on today’s report, read October 2012′s financial statement and summary analysis.
Opinion: Latino Vote National Tour Welcome to Stockton
By Fr. Dean McFalls
As a Caucasian American born into the middle class and raised in Seattle, I always considered citizenship, voting, and making a political difference as a foregone conclusion. It never dawned on me that huge sectors of American society might feel themselves isolated, counted-out, or systematically unwelcome in the process of self-determination and of shaping the future of this great democratic nation. Continue reading
Stockton Approves Agreements with Six LAbor Groups
STOCKTON, CA - The Stockton City Council approved labor agreements with six of its nine employee labor groups Tuesday, July 24. Continue reading
New Walmart Opens at Trinity Parkway
STOCKTON, CA- The new Stockton Walmart held its grand opening celebration on Wednesday, July 18 at the Spanos Park West shopping district in North Stockton.
“It’s a great pleasure to be here today and welcome the Walmart family to Stockton,” said Stockton Mayor, Ann Johnston at the ceremony.
In a time of financial difficulties for Stockton, having a new major retailer opening its doors will provide sales tax revenue for the city, added Stockton`s Mayor.
Located in 10355 Trinity Parkway, the 212,000-square-foot store brings approximately 380 new jobs to the community.
Walmart`s ribbon cutting ceremony
“I know firsthand of the quality of careers that you can have at Walmart,” said store manager, Larisa Lujan.
“I started with Walmart 13 years ago. I was 18 years old; I came from Ukraine and started as a cashier. My story is not unique; Walmart nationwide embraces everyone and gives them great career opportunities.”
However, the debate if Walmart is a poison or antidote for communities like Stockton continues.
Many worry about the impact Walmart will have on small businesses, other say it will benefit local businesses as additional customers are attracted to the regional shopping area.
Yet shoppers seem to like the “always low prices” and the 24/7 schedule offered by the world’s largest retailer. In fact, just before 8 a.m. some were already lined up outside the doors ready to shop.
The Walmart Foundation presented a total of $33,000 in donation money to community organizations.
“Walmart will be a great community partner with the area’s nonprofits and neighbors,” said Mark Martinez, CEO of the San Joaquin County Hispanic Chamber of Commerce (SJCHC).
During Wednesday`s ribbon cutting ceremony, the Walmart Foundation presented a total of $33,000 in donation money to community organizations. $25, 0000 for the SJCHC Foundation and $8,000 among Stockton Emergency Food Bank, the Greater Yosemite Council Boy Scouts of America and United Way.
“Just this year Walmart gave our Chamber a large grant to help fund our Student Financial Aid and College Awareness Workshop that will help families plan for higher education,” said Martinez.
The Student Financial Aid Workshop is a partnership between the University of Pacific and Stockton Unified School District that hires SJCHC to coordinate volunteers that help students fill out FASFA forms.
Legislators Request Delay in Finalizing BDCP Water Conveyance Plan
SACRAMENTO—Northern California legislators pushed for a delay in the $23 billion water conveyance project through the Sacramento-San Joaquin Delta until more details are available on the state’s revised Bay Delta Conservation Plan (BDCP). Continue reading
Stockton Files for Bankruptcy
STOCKTON, CA — On Thursday, June 28, 2012, the City of Stockton joined an estimated 640 Government entities that have file bankruptcy since 1937: when Chapter 9 Title 11 was enacted into the United States Bankruptcy Code, available exclusively to municipalities. Continue reading
Wreaking Havoc on our Crops: Oriental fruit fly
STOCKTON, CA — The Oriental fruit fly quarantine continues in Stockton, agriculture officials say they hope to end it in July. Continue reading
Summer Jobs for students: SJC WorkNet holds its Summer Jobs Fair for Youth
STOCKTON, CA – Hundreds of young men and women ready to enter the labor market visited San Joaquin County WorkNet, on Thursday, May 10th ; as WorkNet held the first “Summer Jobs Fair for Youth” at its Stockton, Tracy, Manteca and Lodi centers. Continue reading
Support Education: message at Concilio’s Monthly Meeting
STOCKTON, CA — “We lost 30 thousand workers in the schools both teachers and schools employees. 170,000 school workers across the state have taken furlough days, unpaid days, in order to help with this budget crisis, we rank at the bottom of all 50 states in staff students ratio,” said Rose Roach, Field Director of the River Delta California School Employees Association discussed education and the tax initiatives on the November 2012 ballot. Continue reading
Cinco de Mayo Continues to Grow in San Joaquin
San Joaquin County, CA — Stockton’s traditional Mexican-American Cinco de Mayo parade continues its growth since the mid 1970’s inception. Continue reading
Stockton Selects Mediator
STOCKTON, CA — On February 28, 2012, the Stockton City Council approved moving forward with a confidential neutral evaluation process recently adopted through state legislation, AB 506Stockton Selects Mediator. Continue reading
IRS Encourages Small Employers to Check Out Small Business Health Care Tax Credit
IR-2012-33, March 13, 2012
WASHINGTON — With business tax-filing deadlines fast approaching, the Internal Revenue Service today encouraged small employers that provide health insurance coverage to their employees to check out the small business health care tax credit and then claim it if they qualify.
More Recycling: More Jobs
Stockton, CA- The City of Stockton was home to the 8th annual REXPO, whose theme this year was “Unplugged,” on March 14, 2012 between the hours of 7:00 AM until 2:00 PM at the Hilton Hotel. The event was hosted by Green Team of San Joaquin, a program of the Stockton Chamber of Commerce.
Expert Says Oil Prices Will Drop, Explains Why Gas Cost Really Spiked
Photo provided by NAM
Editor’s Note: Why is the price of gas spiking? While Republican candidates blame President Obama, energy experts point to global market forces at work—the complications of supply and demand. To get the inside story, New America Media’s Ngoc Nguyen interviewed David Hackett, president of Stillwater Associates, an energy consulting firm specializing in the transportation-fuels market, based in Irvine, Calif. Following are excerpts from her interview.
New America Media (NAM): In the United States, gasoline demand is down and domestic production has been growing, so why are we seeing a spike in prices at the pump?
Continue reading
IRS Releases the Dirty Dozen Tax Scams for 2012
Tax (Photo credit: 401K)
WASHINGTON –– The Internal Revenue Service today issued its annual “Dirty Dozen” ranking of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. Continue reading
THANK YOU
