WASHINGTON
Thompson announces tax bill to exempt PG&E fire victims trust settlements from taxes passes out of Ways and Means Committee
This week, Rep. Mike Thompson (CA-04) released the following statement after his legislation with Rep. Doug LaMalfa (CA-01) to make PG&E Fire Victims Trust settlement payments nontaxable passed out of the Ways and Means Committee as part of the Tax Relief for American Families and Workers Act.
"Fire survivors have been unfairly taxed on settlements from the Fire Victims Trust that are already not enough to cover what they lost. It's just wrong," said Thompson. "The inclusion of my bill to make these settlements nontaxable in the bipartisan tax package is an important development for our region. Today's vote out of the Ways and Means Committee is a strong, positive step for fire survivors to receive the tax relief they deserve, and I am hopeful that this bill will receive a swift vote in both the House and the Senate so that President Biden can sign it into law."
Rep. Thompson spoke during the mark up and the video of his remarks can be found online at https://house.app.box.com/s/s4y3fae5il2f4m264eusgs5xk1md3z5s
The bill is now set to go to the House floor for a full vote by the House of Representatives.
—Submitted
LAKE COUNTY
Lake County Library's kicks off seasonal Winter Reading Challenge
The Lake County Library has kicked off its Winter Reading Challenge, inviting residents of all ages to embark on a challenge to read more in the new year.
The Winter Reading Challenge is an opportunity for participants to embrace the many benefits of reading, fostering positive impacts on their lives. The challenge is available for pre-K, kids, teens, and adults.
Even the smallest readers, unable to venture through books alone, can join with parents recording their shared reading experiences. Registration for the challenge is available on the library's website, allowing residents to sign up at their convenience until the challenge concludes on March 16. Locals are also invited to register at their nearest library branch.
Once registered, residents can start accumulating points by reading a diverse array of materials available at the library, from eBooks and audiobooks to print books, comics, and magazines. Every page read and logged with the library contributes to the challenge's goal of 1,000 points.
Completing the challenge brings a special reward: the chance to select a brand-new book and be the first to check it out. The chosen book, adorned with the reader's name, will become part of the library's collection, courtesy of the Friends of the Lake County Library—a dedicated community non-profit membership organization.
Children can collect stickers and small toys throughout their reading journey, while adults and teens stand a chance to win a prize basket filled with books.
Beyond the thrill of the challenge, the Winter Reading Program emphasizes the critical role of reading in building literacy skills. A well-developed literacy foundation extends beyond the ability to read and write, aiding in the comprehension of complex ideas and effective communication with the world.
In addition to fostering literacy, making reading a habit boasts numerous advantages, including stress relief, empathy development, and sustaining mental sharpness throughout life.
Join us in celebrating the joy of reading this winter! For more information and to sign up, visit the Lake County Library Website at https://library.lakecountyca.gov.
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SACRAMENTO
California Earthquake Authority's governing board announces leadership change
The Governing Board of the California Earthquake Authority (CEA) has announced that Tom Welsh, CEA's Chief Legal and Compliance Officer, has been appointed as Interim Chief Executive Officer. Tom Welsh assumes the Interim CEO role following Glenn Pomeroy's decision to step down as CEO following 16 years of service.
To ensure a smooth transition of CEA's leadership, in a way that protects CEA's policyholders, the Governing Board met on Tuesday afternoon to manage this leadership transition. Following a thoughtful discussion of options, the Board appointed Mr. Welsh as CEA's Interim CEO and will simultaneously conduct a nationwide search for the CEO.
The CEA is the largest residential earthquake insurer in the United States, with more than one million policyholders statewide who are protected by CEA's $20 billion in claim-paying resources. Established by the California Legislature in 1996, the CEA operates as a not-for- profit, privately funded residential earthquake insurance company. CEA is not a state agency, and it is not part of the state budget.
While announcing this leadership transition, the Governing Board noted Mr. Pomeroy's many contributions to CEA during his term as CEO, most notably fostering CEA's operational excellence by assembling an exceptional senior leadership team devoted to CEA's stable operations during this leadership transition. Mr. Pomeroy also oversaw CEA's development of a highly effective residential earthquake mitigation program – Earthquake Brace + Bolt – that has facilitated the seismic retrofitting of more than 23,000 vulnerable California homes, with thousands more in the pipeline.
—Submitted
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