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California will consider coronavirus assistance, a tax voucher

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California will consider coronavirus assistance, a tax voucher

Two unprecedented proposals to help Californians overcome the fiscal storm released by the coronavirus crisis are expected to be announced Tuesday by Democrats in the state Senate – one to help troubled tenants, the other to create a $ 25 billion economic recovery fund by issuing long-term $ 25 billion by issuing long-term vouchers for those who are willing to pay their future state income tax.

Together, these ideas suggest MPs are willing to launch trials that have never been tried to avoid unpaid debts and deep cuts to government services resulting from the Great Recession more than a decade ago.

“We need short-term assistance,” Senate President Pro Tem Toni Atkins (D-San Diego) said in an interview with The Times on Monday. “But we need to think long term about how to do this in a very strategic way.”

The proposal is scheduled to be officially formalized Tuesday morning in Sacramento, two days before Governor Gavin Newsom sent lawmakers a plan to erase short-term budget deficits that could reach more than $ 54 billion.

Neither the tenant assistance program nor the economic recovery fund will have a direct impact on the state budget in the coming weeks and months. However, lawmakers believe the two ideas could boost California’s devastated economy.

Unconventional efforts to help tenants will ask landlords to forgive lease payments in return for tax credits of the same size that are spread over a 10-year period starting in 2024. Tax credits will be transferable, meaning property owners can sell them to outside investors and get cash immediately .

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“This is a substantive proposal that protects those who struggle to pay their rent and also protects rental property from confiscation,” said Senator Steven Bradford (D-Gardena). “This fair strategy will make people stay.”

Some local governments have stepped in to address concerns about tenants being evicted during the public health crisis, promoting various rental assistance programs. Legislation is pending in the Capitol building too attempt to prevent eviction during a coronavirus emergency, which was declared by Newsom in March and did not have a targeted end date.

The exact number of problematic tenants is unclear. By 2018, there were 17 million tenants in California, and more than half were rented.

Under the Senate proposal, the tenant will agree to return the state money for lease payments and will have 10 years to do it. Some people who can prove financial difficulties can get the total amount forgiven – as a result, their rent will be borne by the state.

The idea will depend on the willingness of the rental property owners to work together, and whether they see a long-term tax relief equal to the loss of short-term rental income. Atkins said he was optimistic, arguing that landlords benefit by keeping their property occupied.

“When you have to find a new tenant, it’s not an easy process,” he said.

The economic stabilization plan made by the Senate Democrats in response to the COVID-19 pandemic is even more ambitious. This will offer California taxpayers, from individuals to large corporations, the opportunity to pay income tax for a decade at a low discount. In total, the state will offer $ 30 billion in long-term tax credits of $ 25 billion in cash.

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In essence, this will be an advance from long-term state tax revenues, using the money to fund short-term economic assistance programs, which can include small business assistance and assistance to local governments.

“This is truly the 21st Century New Testament,” said Sen. Bob Hertzberg (D-Van Nuys). “We have to get money into the system.”

Taxpayers can use vouchers to cover tax owed in the coming years or sell them faster to investors. That could make valuable documents for various investors, said John C. Carson Jr., president of Raymond James Financial.

“If the state issues such security that can be bought and sold in the secondary market, we hope that there will be strong interest from other institutions and investors,” he said in a statement.

By accelerating the collection of tax revenue that should have been paid more slowly, this program means less government cash to be spent by MPs in the future. Senate budget staff estimates a decrease in available income of $ 3 billion per year from 2024 to 2033.

They do not believe this program will affect constitutionally guaranteed tax money for public schools, because vouchers will be counted as part of annual tax revenue when cashed. However, such calculations can, however, direct a larger amount of actual tax revenue towards schools in those years and away from other programs.

Other key questions need to be addressed. It is likely to be easier to create a $ 25 billion economic recovery fund – estimated to be collected over two years – than to determine which of the country’s many needs must get help and which will be abandoned. A document provided to The Times by the Democratic Senate offered a series of initial suggestions, including retraining workers, accelerated infrastructure projects, forest fire prevention, and homeless help.

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Atkins insisted his priorities would be clear. “It must be linked to the economy and critical needs,” he said.

It is also unknown how the two aid proposals will be screened either with Newsom or in the state Assembly. To have a direct effect, both must be considered together with a budget deficit plan which must be approved by the Legislature no later than 15 June. Democrats hold supremacy of seats in both houses and, in theory, approve both plans without a Republican vote.

For legislators who are in office during the last recession or whose services began shortly thereafter, the idea of ​​thinking outside the world of conventional government may have special appeal.

“You have to think differently,” Atkins said. “You have to rethink, reshape and want to adjust and consider new choices, because the world is different. The world has turned upside down. “

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Portuguese historical films will premiere on 29 December.

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Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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