Board of Equalization Chairman Jerome Horton says the 2012 Personal Leave Program is having a negative effect on the Board of Equalization, the Franchise Tax Board and the budget. Horton also serves as a member of the Franchise Tax Board.
"We will continue to do our part during these tough economic times to minimize the negative impact of the reduction of hours. However, we are not magicians. Hobbling the BOE and FTB with the Personal Leave Program is like sending farmers home in the middle of harvest season," Horton said in a statement.
He estimated that as a result of the reduction in work hours, California will have an annual revenue loss of $88 million normally generated by the BOE, while the 5 percent salary reduction will save the BOE $13.5 million.
"This is not in the best interest of the state and decreases the efficiency of our efforts to collect revenue," Horton said.