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Form 8888 California Alameda: What You Should Know

The American Institute of CPA's has the following opinion on the matter of the transfer of over1.4 billion of Social Security taxes to the County of Alameda on or before December 21, 2020, under Section 3(1) of SB566, as amended. As such, we hereby recommend the County make any payment to the AGRA directly (rather than via the AGRA's trust funds or through the use of Section 5301(d)(2)) and allow AGRA to be paid in monthly installments over the next few years. We recommend the County not reimburse AGRA for the funds it will receive during its first 3 years of operation, which is estimated to be approximately 500 million or less. If you would like to view a copy of the AGRA's operating plan, please view the attached document or use the hyperlink to view it:. We recommend the County not make any future payments to the AGRA, whether by way of payroll deduction or otherwise. If you continue to require assistance from County assistance, please contact the Alameda County Human Services Office at. We hope this message reaches you in part or in all, and we appreciate your feedback, regards, (Please read through this entire message carefully.) [sic] Your response was received. We are now processing your message (please check this for a response. If you did not receive our email message, the system may be down, or you may check your spam or junk mail folder. Please check your “to” address to make sure your message was not sent to a group list that you were already on. Our  response to the AGRA was published in AGRA's online publication, “A Proposal for an Alameda County Public Corporation Fund.” [sic] The full text of the Alameda County public corporate funding proposal, including the AGRA's funding proposal with their suggested “bend factor” to the AGRA, will be published in AGRA's online publication, “A Proposal for an Alameda County Public Corporation Fund.” [sic] (This webpage is only available to AGRA members. This webpage includes information about how to contact AGRA, as well as all the relevant information about this matter.

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