Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Special-tax programs report: tax-and-insurers and alcoholic beverage revenues above forecasts

October 28, 2025 | Board of Equalization, Other State Agencies, Executive, California


This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Special-tax programs report: tax-and-insurers and alcoholic beverage revenues above forecasts
Laurel Williams, technical advisor for special tax programs, updated the board on two programs: tax-and-insurers and the alcoholic beverage tax.

She said the tax-and-insurers program had 2,829 accounts (an increase of roughly 15–18 accounts). According to the Department of Finance's September 2025 bulletin, FY25–26 revenues for that program were approximately $937,000,000, about 12.4% ($103,000,000) above forecast.

For the alcoholic beverage tax program, Williams reported 10,751 accounts, with revenue for FY25–26 at just over $79,000,000—approximately $3,000,000 (3.9%) above forecast. She noted opt-in/opt-out rates for wine-grower and beer-manufacturer returns—approximately 65% and 57%, respectively—and emphasized that revenue timing is cyclical; past years showed early overperformance that landed near projections at year-end.

Williams concluded that both programs remain highly compliant and invited questions; no appeals or board actions were presented.

View the Full Meeting & All Its Details

This article offers just a summary. Unlock complete video, transcripts, and insights as a Founder Member.

Watch full, unedited meeting videos
Search every word spoken in unlimited transcripts
AI summaries & real-time alerts (all government levels)
Permanent access to expanding government content
Access Full Meeting

30-day money-back guarantee

Sponsors

Proudly supported by sponsors who keep California articles free in 2025

Scribe from Workplace AI
Scribe from Workplace AI
Family Portal
Family Portal