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California gas taxes will rise again amid coronavirus



California gas taxes will rise again amid coronavirus

California gas taxes will rise July 1, but some lawmakers have called for a freeze on higher levies, citing the financial burden of the recession caused by the corona virus on millions of state residents.

The automatic increase pegged to inflation – the third increase in four years – came when a prolonged dispute over the gas tax law that came into effect three years ago flared up again in the Capitol building.

Taxes are set to increase by 3.2 cents, to 50.5 cents per gallon, and state officials expect to bring an additional $ 440 million to state coffers in the coming fiscal year. The increase was triggered by an increase in the consumer price index and was built into SB 1, a law that pushed taxes by 12 cents per gallon in 2017 and 5.6 cents last year.

Overall, the fuel tax is expected to generate $ 7 billion during the new fiscal year to pay for road and bridge repairs. But a group of Republican lawmakers said this was the wrong time to raise taxes in California, more than 6 million of whom had lost their jobs during the COVID-19 pandemic.

Assemblyman Vince Fong (R-Bakersfield), deputy chair of the Assembly Transportation Committee, said the increase was “increasingly rubbing Sacramento salt into the wounds of California citizens who are struggling with uncertainty and real financial distress” during the coronavirus crisis.

Republican Speaker Marie Waldron of Escondido said it was “inconceivable” that the state would raise the cost of California citizens today.

“Unemployment continues to rise and all of California’s ways are not affordable before the pandemic still exists – delaying the gas tax increase is the most doable,” Waldron said.

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Delaying or canceling the gas tax increase will require votes from the Legislature, and Democrats who control the Senate and the State Assembly say they have no plans to take action. Newsom has not yet proposed to stop the increase, the governor’s spokesman said.

State Senator Holly Mitchell (D-Los Angeles), chair of the Senate Budget Committee, said that local governments who were financially injured because of the pandemic depend on tax revenue to repair potholes with holes.

“When we talk about stimulating our local economy and how long infrastructure projects are, I don’t think now is the time to take our feet off the pedals,” Mitchell said.

He said the effect of the tax increase on consumer pocketbooks was blunted by the fact that gas prices in California fell from what happened a year ago. The average price of a gallon of gas Friday was $ 2.98, compared with $ 3.86 the average a year earlier, according to American Automobile Assn.

Assemblyman Phil Ting (D-San Francisco), chairman of the Assembly’s Budget Committee, agreed that the Legislature must allow the increase to take effect.

“Annual [consumer price index] adjustments allow us to continue the progress we are making to repair our destroyed roads and bridges, “Ting said.

Newsom’s statewide order in mid-March to keep Californians at home during a significantly reduced pandemic in the state. Analysis by the California Department of Transportation in April showed that the volume of traffic on state roads fell by about 35% compared to the same time last year.

Although having fewer people on the road as long as a home-stay order allows the road construction project to be accelerated, it also negatively impacts the amount of money available.

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The country’s estimated gas and diesel tax revenues have declined by almost 7% this year and are projected to fall 7.6% in the fiscal year beginning July 1. This reduction will mean a loss of revenue of around $ 1.2 billion over two years, although the governor’s budget estimates the state will receive $ 7 billion in fuel taxes for the new fiscal year.

For those who drive electric cars and do not pay gas taxes, the cost of upgrading the new road to $ 100 starts on July 1, but only for vehicles with no emissions with the 2020 model or newer.

Although closed business orders are reduced across the state, the prospect that a slow recovery can continue to reduce fuel tax revenues keeps officials watching closely.

“Regarding revenue projections, Caltrans is monitoring every potential impact on maintenance and construction projects going forward,” Caltrans spokesman Matt Rocco said. “However, at the moment, all ongoing projects are expected to continue without delay or cessation.”

Because California has the second highest gas price in the country, after Hawaii, the issue of fuel tax has long been debated. In 2018, voters were recalled from their current position Senator Josh Newman (D-Fullerton) for voting in favor of a gas tax increase.

Voters that year rejected an initiative that would lift the gas tax increase and instead agreed to a separate voting step, Proposition 69, which requires revenues to be spent on transportation projects.

The debate reignited last month when the Senate budget subcommittee rejected a proposal by Newsom to divert $ 130 million in interest from the State Highway Account, which was funded by gas taxes, and instead used the funds to balance the general funding budget.

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Mark Monroe, assistant budget manager for the Newsom Ministry of Finance, said in a May 24 legislative hearing that transfers “are an important component of a broader balance of the state budget.”

But after the Office of the Independent Legislative Analyst suggested MPs negotiate with their lawyers for an opinion on whether such transfers are legal, both Democratic and Republican legislators said such actions would be contrary to what was promised to voters in Proposition 69.

“I think this is a broken promise,” Senator Mike McGuire (D-Healdsburg) said of the proposal. “I believe this money can be spent better the intended way, improving California’s roads.”

McGuire noted the reduction in vehicle use during the pandemic had cost the state gas tax by $ 600 million for repairs.

“We have decreased revenue because of the situation we are facing, and we will need every penny to go to the road,” said Senator Brian Dahle (R-Bieber), who opposed the transfer of $ 130 million to public funds. “I don’t think this is the time.”

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PRR. Banco do Fomento invites companies to offer new financial instruments – Observer



PRR.  Banco do Fomento invites companies to offer new financial instruments – Observer

Banco Português de Fomento started a public consultation this Friday aiming to receive contributions to launch new instruments under the Recovery and Resilience Plan (PRR) which still has 475 million euros.

In a statement, the organization stressed that it intends to invite companies and all stakeholders to participate in public consultations on “future capital and quasi-capital decisions.”

According to PRR, Banco Português de Fomento (BPF) has been cast in “structuring and distribution of capital decisions and quasi-equity capital of a total of €1,425 million under the Capitalization and Business Innovation component of the PRR.

The Belarusian Popular Front still has 475 million euros to launch new programs, the organization’s press release emphasizes.

The public consultation is aimed at soliciting contributions under “the terms of two pre-structured financial instruments designed to encourage company formation and/or capitalization of businesses, primarily in the start-up phases”, “Venture Capital Program” (an instrument that assumes a fund structure of funds)” and “The Deal Co-investment Program (an instrument that takes the form of direct investment in companies, always in co-investment with private investors)”.


“These tool proposals are aimed at facilitating market entry and growth/expansion of viable companies through the development new products/services or markets and strengthening and professionalization of personnel, including the management team,” the BNF press release further emphasizes.

The public consultation is also aimed at obtaining “other proposals for new capital and quasi-capital solutions in accordance with the terms of the aforementioned capitalization funds, which are considered relevant and necessary because they are considered unavailable at the time, or existing conditions that prevent access and use.”

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Ana Carvalho, CEO of BPF, emphasized that these public consultations “are aimed at building an open dialogue with all actors of the business ecosystem, with to improve workflows and identify market failuresand the most appropriate solutions to overcome them.”

“Although we are actively in contact with various associations and institutions, this public comment allows all interested parties to participate, especially potential beneficiaries and partners involved in these measures,” he added, quoted in a press release.

All information and technical descriptions of the two pre-structured products are available on the Banco Português de Fomento website at the link

Suggestions or offers must be submitted online for a thorough assessment by the Belarusian Popular Front until 18:00 on December 19, this body further explained.

The mission of Banco Português de Fomento is to support the economic and social development of Portugal by creating and providing innovative, competitive and appropriate solutions to the needs and challenges of the business ecosystem, enhancing entrepreneurial potential, investment and job creation, and promoting sustainability and economic, social and territorial cohesion of the country.

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FESTin returns to distribute Portuguese-language cinema worldwide | Cinema



FESTin returns to distribute Portuguese-language cinema worldwide |  Cinema

For the 13th edition, FESTin’s mission remains the same: “Bring cinema in Portuguese to the whole world.” So says co-director Adriana Niemeyer by phone with PÚBLICO on the eve of the start of the film festival, which starts this Friday and runs until next week, ending on Wednesday the 14th at LX Factory at 7:00 pm, in Espaço Talante, inside the bookstore Ler Devagar , with a screening of four Brazilian short films chosen by Antonio Grassi, the actor in charge of the space, followed by a toast.

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VARIOUS. Portuguese project that wears a shirt for mental health



VARIOUS.  Portuguese project that wears a shirt for mental health

Little phrases with big meaning sometimes fit into T-shirtright now in bag da Ivory, a project that began in the year of the pandemic and has been interventionally warning about mental health issues ever since.

Francisco Soares Ganzo, the founder, first suffered a panic attack when he was in 10th grade, but ended up not paying much attention to signs that something was wrong. Then the mental health problem reappeared later, at a different stage in life and with different symptoms.

“Four years ago, I started experiencing constant anxiety, to the point that I couldn’t sleep,” says 25-year-old Francisco Versa. “Basically, I put a lot of pressure on myself from the women with whom I had relationships. It was Wednesday masculinity, competition,” he continues.

Early adulthood began with this “almost obsession to be with women” and get the best. performanceto the point where he became very anxious whenever he had sexual relations with a woman.

“The peak was when I couldn’t sleep. My brain was always on and I started taking pills to help me sleep,” says Francisco.

In 2019, he decided to see a therapist rather than a psychologist because he thought it was only “for wimps”, but it wasn’t, and Francisco later figured it out.

Today, he wants to convey the same message, and to do so, he created the Ivory project in 2020, consisting of clothes and accessories with special messages that form a bridge to the necessary incentive for those in need of help.

“When I finally worked up the courage to ask for help, I was like, ‘Wow, I wish I had started sooner. That’s why I started this project. I lacked something that would motivate me to go to therapy earlier. clothes are meant to spread information,” he says.

But Ivory goes far beyond what is written in sweatshirts and accessories.

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Help that comes in order

“Everyone you know is fighting a battle you know nothing about.”

This is one of the messages recorded in t-shirts e sweats from ivory. It’s simple and affects everyone in their own way, but the focus of the Ivory team – also with a past or present marked by mental health issues – is not the phrases on the T-shirts, but what follows them.

“To say that mental health is talked about a lot is a lie. What I mean? When I hear the news that companies are very concerned about mental health or that it has become fashionable with COVID-19, it is all a lie. What people say is vague. Nobody tells stories. A person who is really bad, like I was, does not need to hear that he should go to the gym or eat well. He needs to hear a story like this.” .

Ivory’s next step is to create a space for sharing testimonies through Appendixjust to address this shortcoming. Until then, the project intends to function as anxiety And further to support in the field of mental health.

“For every order we have, a person receives Email mail to make an appointment. Because our goal is to really open doors, to do something that I didn’t have, ”says Francisco. “I feel like a lot of people buy ivory because they’re in bad condition, but they don’t want to take the next step to take care of themselves.”

If encouragement is not enough, an ivory sweater will be cozy and Email mail gives you the push you need to make an appointment with one of Ivory’s psychologists. All it takes is an Instagram post or an email.

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Sweaters and bags 100% organic cotton and mobile phone cases with phrases coined by Francisco Soares Ganzo and designs created by the whole team can be ordered at website.

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