Companies taxes in focus with Prop 15

The world is in the midst of a pandemic and it’s time to plan for the aftermath with updated property taxes.
The state faces the biggest potential change to property taxes in over 40 years if Prop 15 passes. Property tax works like this: A property’s value reflects its property tax. If a property’s value is $300,000 and its tax rate is 1%, its property tax is $3,000.

October 14, 2020

Tax prep day at ELAC provides free services to community

By Christina J. Rodriguez A free tax preparation day was held at East Los Angeles College on Saturday in collaboration with the Financial Wellness Program, Mexican American Opportunity Foundation, ELAC Corporation and the Eastside Tax Coalition. This was the first event held at ELAC. The free program was held in the E3 building from 9 a.m. to 3 p.m. Four years ago, MAOF and the ELAC Corporation began collaborating with…

February 16, 2017

Taxes aim to benefit students

By Amanda Rodarte  The California Education and Resource Reinvestment Act Senate Bill 241 will benefit all college students in California. SB 241 will increase tax rates in oil companies to fund higher education. The bill would require that every oil company that pulls resources from Californian grounds or water would pay a 9.5 percent extraction tax. Education has been a much needed and neglected resource in the state of  California…

May 21, 2014

Education depends on Proposition 30

  By Megan Perry Life for students gets tougher and rougher as the semesters stack up. The fight for courses gets more vicious, the need for supplies deepens and staying in school gets harder by the day. Last month, the Board of Governors approved new Title 5 regulations, which puts a 100-unit cap on priority registration. In addition to that, the East Los Angeles College Academic Senate just recently approved a policy…

October 10, 2012

ELAC tackles ballot initiatives

By Lourdes Espinoza Propositions 30, 32 and 38 were the basis of an educational forum held by the American Federation of Teachers and the Associated Student Union last Thursday night in the S2 Lecture Hall. This public forum was organized to bring awareness of these propositions as the November ballots draw near. Informational booths and voter registration tables were set up outside the S2 building for those who wanted more information…

September 27, 2012

Tax initiative can help stop budget cuts

Editorial Students at East Los Angeles College have seen rising unit fees, new registration restrictions, and now a $5-9 million reduction to the 2012-13 budget. Additionally, the state has increased the cost to attend Cal State and University of California and added limitations on Cal Grants, and the punches keep coming. Specifically, the changes that await ELAC students are significant. In fact, out of the nine Los Angeles Community College District schools,…

May 23, 2012