Pacific Gas and Electric Company (PG&E) paid property taxes of more than $230 million this fall to the 50 counties where the energy company owns property and operates gas and electric infrastructure that serves 16 million Californians. The tax payments help support essential public services like education and public safety.
The semi-annual property tax payments made today cover the period from July 1 to December 31, 2017.
Total payments for the full tax year of July 1, 2017 to June 30, 2018 are estimated to total more than $461 milliona an increase of $50 million, or 12 percent, compared with the prior fiscal year.
First installment property taxes recently paid to Sacramento Region counties by Dec. 11 include:
a c Alpine,$70,240 (up $10,542 or 18 percent)
a c Amador, $1,078,087 (up $83,906 or 8 percent)
a c Calaveras, $993,921 (up $104,651 or 12 percent)
a c Colusa, $4,305,964, (up $77,111 or 2 percent)
a c El Dorado, $1,541,364 (up $213,308 or 16 percent)
a c Nevada, $1,218,707 (up $130,910 or 12 percent)
a c Placer, $5,456,991 (up $822,175 or 18 percent)
a c Sacramento, $6,258,136 (up $1,266,769 or 25 percent)
a c San Joaquin, $11,260,063 (up $1,093,309 or 11 percent)
a c Sierra, $125,892 (up $13,134 or 12 percent)
a c Solano, $5,905,000 (up $839,295 or 17 percent)
a c Stanislaus, $2,124,403 (up $180,564 or 9 percent)
a c Sutter, $1,346,278 (up $194,847 or 17 percent)
a c Tuolumne, $869,671 (up $69,511 or 9 percent)
a c Yolo, $2,295,755 (up $120,898 or 6 percent)
a c Yuba, $1,163,001 (up $136,069 or 13 percent)
a Property tax payments provide crucial resources to the many communities where we live and work, supporting everything from education to public safety. By continuing to make local investments in gas and electric infrastructure, we are not only creating one of the safest and most reliable energy systems in the country, wea re investing in the local economy and helping our communities thrive,a said Jason Wells, senior vice president and chief financial officer for PG&E.
PG&E invested more than $5.7 billion last year and expects to invest $5.9 billion this year to enhance and upgrade its gas and electrical infrastructure across Northern and Central California.
Other recent investments include the construction of PG&Ea s $75 million Gas Safety Academy in Winters in Yolo County, which opened in September. Last year, PG&E opened a $36 million, state-of-the-art electric distribution control center in Rocklin.
PG&E supports the communities it serves in a variety of ways. In 2016, PG&E provided more than $28 million in charitable contributions to enrich local educational opportunities, preserve the environment, and support economic vitality and emergency preparedness and safety. PG&E employees provide thousands of hours of volunteer service in their local communities. The company also offers a broad spectrum of economic development services to help local businesses grow.
