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Salinas California Form 13909: What You Should Know

Additionally, this report provides recommendations to continue to grow, and refine the tool for future use. In the following sections of this report, the data presented will be broken down by the specific taxing jurisdictions, and a summary of the changes in the pass- through payments will be provided. As we move through these pages, we will be providing more statistics and information about this program, the process, and the results from various areas of the county. The report is available online. The report is also available in Microsoft Word format (.doc .xls). All comments requested on the report can be submitted to the Department of the Treasury, Internal Revenue Service,, California Tax and Business Services Division — Monterey County.  This office accepts reports electronically and offers a toll-free number for this purpose: . The Department of the Treasury has determined that this information is exempt from public disclosure under the provisions of section 552 of the California Constitution.  The following material from this report may be copied or disseminated by any person or organization as long as it is not duplicated and this note is included: This report is a continuation of a three-year study of tax increment financing (TIF) and Tax Increment Financing (TIF) projects. The State Auditor's office has been conducting an audit of this program since March 1997.  The previous report, conducted by the Inspector General on June 5, 1996, and published in the February 1997 Tax Commission's Report Volume, contains information on the audit. In general, taxpayers received tax abatement of approximately 1.4 billion dollars for the past 20 years. That's more abatement than have been granted by the State of California for any 20-year period. The state treasurer has been the recipient of approximately 200,000,000 tax abatement payments since 1980, so let's look at the average abatement payment per year for the previous 20 years.  Year Abatement (Millions) Average Abatement (Millions) Year Abatement (Millions) Average Abatement per Year 1991-84 35.1 13,847 (6,717) 1992-94 39.

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